by Cindy Su | Feb 13, 2023 | All, Business, Tax and Accounting
New figures from the ATO reveal that it issued 18,500 Director Penalty Notices (DPNs) in 2022 and disclosed the tax debts of almost 500 businesses to credit referral agencies. This new weapon waved in $714 million tax debt payment for the Government agency, and an...
by Cindy Su | Dec 13, 2022 | All, Business
Tax on Christmas Party / Should you pay tax if you get a cash gift? Christmas is a busy time for small businesses – amongst other things, many may be thinking about giving gifts to employees to boost morale for a successful start to the New Year. Perhaps a loud...
by Chan & Naylor | Jul 15, 2022 | Business, Tax and Accounting
Small business owners often interact with the ATO and their tax agent throughout the year. Tax time provides an added opportunity to ensure your tax affairs are in order, obtain essential tax advice and see if you can improve your tax position. You should speak to you...
by Chan & Naylor | Dec 13, 2021 | Business
Australia will create a licencing framework for cryptocurrency exchanges and consider launching a retail central bank digital currency as part of the biggest overhaul of its A$650 billion-a-day ($463 billion) payments industry in a quarter of a century There has been...
by Chan & Naylor | Nov 10, 2021 | Business, Tax and Accounting
Company directors need to verify their identity as part of a new director identification number (director ID) requirement. A director ID is a unique identifier that a director will apply for once and keep forever – which will help prevent the use of false or...
by Chan & Naylor | Oct 21, 2021 | Business
Ongoing Support for NSW Businesses | JobSaver and Micro Grants New South Wales businesses will still be able to obtain financial support from the NSW Government as a result of the Covid-19 lockdown but there are important changes to the grants system that business...
