Ever wonder why the ATO constantly warn of fraudulent ATO contact (aka ‘scams’)? People must fall for them all the time as the scammer often appears to be professional and may even provide reference numbers for the calls/emails to keep up appearances. If you receive suspicious contact from the ATO by emails, phone calls or letters then you should contact your tax agent to verify...
Business Matters – November 2013
Please click on any of the following links to view the newsletter: Generation X Effective email management Online corporate identity fraud Keeping the ‘ball rolling’
Please click on any of the following links to view the newsletter: The rise of online competition PPSR – benefits and consequences How to create a positive work environment PAYG and Superannuation crack down Statute of limitations and Division 7A Book Review
MySuper A reminder that from 1 January 2014, employers have an obligation to pay superannuation contributions into a default fund that offers a MySuper investment option unless the employee has exercised choice of fund. Please contact our office if you would like to discuss how this may effect your superannuation obligations. Asset Security Are you selling on terms, such as retention of title, or...
The ATO is under pressure to recover lost ground after relaxing its position during the global financial crisis. One of the areas it intends to improve revenue is by targeting contractors. The ATO has warned that it plans to use information from labour hire firms and increased auditing in attempt to improve compliance for contactors through the 2012-13 financial year. During 2012, the ATO will...
Most businesses work on the basis that they are supposed to sell on value and not price. What happens when a business is faced with the prospect of a price only buyer (purely focused on the cost of a product or service)? First, make sure they really are in fact a price only buyer. In most cases, salespeople are too quick to place a ‘price-only...
On 30 January 2012, a new national scheme governing all types of security interests over personal property will start. To facilitate the transition from Queensland’s Register of Encumbered Vehicles (REVS), Bills of Sale Register and Register of Cooperative Charges to the new national Personal Property Securities Register (PPSR), Queensland’s registers will close at 5pm AEST on Friday, 27 January 2012. Paper applications will close at...
Welcome to the last quarterly newsletter for 2011. With only a little over 7 weeks to go till Christmas you no doubt will need to consider Christmas party bookings before all the venues are booked out! If you are planning a party then please contact us before the costs are finalised as the party may be deemed to be a fringe benefit resulting in extra...
Occasionally clients and friends present documents prepared by Solar Panel sales staff showing how solar panels can lead to extraordinary savings such that my clients or friends will make a net profit from solar after a very short period of time. The Net Present Value calculations are often based on 1 or 2 years of data then extrapolated after making many generous assumptions. In addition to the mathematical concerns I...