While the thought of doing more reporting to the ATO might seem rather annoying, Single Touch Payroll - introduced by the Australian government in 2018 to encourage small businesses to be more compliant in the way they report superannuation or PAYG instalments to employees - is a good initiative in...
Category: Technology
Crypto Mining Tax: How to report your income correctly
The regulations, reporting and obligations around crypto mining tax can often be quite difficult to understand. Even the information on mining cryptocurrency taxes provided by the ATO, who are leading the world in cryptocurrency regulation and legislation, can be a little confusing. To help you understand your obligations for crypto...
E-Invoicing: What it means for your business
As part of the 2021 Federal budget, the government announced $15.3 million in funding to accelerate the adoption of e-invoicing by public services and Australian businesses. Through the adoption of e-invoicing systems and standards such as PEPPOL, the government hopes to reduce business costs and increase the productivity of the...
12 Ecommerce trends you need to know
2020 was a big year for online businesses. After a year of unprecedented sales growth, online businesses are now trying to capitalise on current ecommerce trends and make pandemic online shopping habits stick. While ABS data reveals a third of us prefer to do more of our shopping online than...
The R&D Tax Incentive – Big discounts for your business
Are you looking for more ways to optimise your company tax return through government grants and tax incentives? Stay tuned as we break down the ins and outs of the R&D tax incentive in this article. We will discuss the R&D tax incentive rate, using the R&D grant, the R&D...