NSW Drought Relief

Recently the NSW Government announced additional assistance for all farmers in NSW to prepare for and manage the current severe drought. Some of the new provisions include: A $250m top

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The ATO warns taxpayers to always watch out for scammers. Each year, the ATO receives a growing number of reports from the public of new phishing scams – it detected over

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Cash is No Longer King

Historically, many Australian businesses have favoured the cash model and, regrettably, also favoured non-disclosure of “cash-in-hand” earnings and outgoing payments. Cash is untraceable, an attribute that has seen it play the

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Get Ready for ATO E-Audits

In this fast-paced world of everchanging technology, the ATO is finally catching up with the times by using computer assisted verification techniques to conduct audits, a process they are calling

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Bitcoin – Part 2

Part 1 of our series on bitcoin looked at the tax consequences for those who invest in bitcoin on a personal level. Here, in Part 2, we examine the tax consequences

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Super Clearing House Changes

Although the SBSCH itself hasn’t changed, the service has been migrated to the ATO’s Business Portal. This means your old login details will no longer work and you need to arrange

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Social Media for Business

Why socialise? With only a third of Australian businesses currently adopting a social media presence, many are missing out on business opportunities – including unparalleled market reach – and financial incentives.

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