by Camden Professionals | Jul 31, 2024 | Small Business Tips, Smalll Business
Australian Small Business and Family Enterprise Ombudsman Bruce Billson has reminded businesses of the changes that have come into effect from 1 July, 2024 It is essential that small-business owners and managers understand these changes, Billson said. Business leaders...
by Camden Professionals | May 9, 2024 | ATO, Small Business Tips, Smalll Business, Tax & Accounting
Effective tax planning goes beyond mere compliance; it serves as a strategic advantage for small business owners. Exploring tax planning involves uncovering essential strategies that can greatly influence your business’s financial well-being. Tactics such as...
by Camden Professionals | Apr 18, 2024 | Capital Gains Tax (CGT), Small Business Tax Deductions, Smalll Business, Succession Planning
Small business capital gains tax concessions provide an opportunity for small business owners to reduce the amount of tax they owe on the sale of business assets. One of the key CGT concessions is the CGT exemption, which can be a significant tax-saving opportunity...
by Camden Professionals | Apr 2, 2024 | Announcements, ATO, PAYG, Smalll Business
The PAYG withholding cycle determines reporting and payment frequency to the ATO. The ATO will write to tax agents and employers in April to announce if your PAYG withholding cycle needs to be upgraded. Your new withholding and payment cycle will depend on the amount...
by Camden Professionals | Apr 2, 2024 | Announcements, Perth, Small Business Skills & Training Boost, Small Business Tips, Smalll Business
Are you paying for your employees’ external training? If yes, then you might qualify to claim the skills and training boost. Does your business have a total turnover of less than $50 million? You might be eligible for the small business skills and training boost. The...
by Camden Professionals | Feb 29, 2024 | ATO, Smalll Business, Tax & Accounting
The Tax Office will begin applying penalties from the middle of next month where businesses have failed to lodge a Taxable Payments Annual Report (TPAR) from 2023. The ATO has warned businesses that pay contractors to provide certain services to lodge their taxable...
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