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ABN Cancellation: Is your business active?

ABN Cancellation: Is your business active?

If you own a business that hasn’t lodged an activity statement or reported income on the business labels on your tax return for more than two years, there is a risk that your ABN may be cancelled. To maintain accurate data, the Australian Business Register (ABR)...
Calling all businesses, it’s tax planning time!

Calling all businesses, it’s tax planning time!

Are you a business owner? With only a few short months until 30 June, time is running out for you to consider your tax planning options and assess your tax compliance requirements. If in the past, you have missed out on tax saving concessions, ill-planning has left...
Are you guilty of paying lazy tax?

Are you guilty of paying lazy tax?

Let’s face it, life is busy. You have bills to pay, responsibilities to look after and a growing to-do list that if we’re honest, is probably never going to get done. Are we right? One thing on that list is possibly reviewing your insurance providers to see if you can...
Business or hobby? That is the question

Business or hobby? That is the question

Do you have a side interest? A hobby or business idea that you are passionate about and one day, hope to turn into a small business venture? With more than 2.2 million actively trading small businesses across the country, there is a growing trend of Australians making...