There are many expenses common to most small businesses, and there are other expenses that are specific to the nature of the goods or services the business provides. Are you claiming all the tax deductions that you are entitled to? Operating expenses include accounting, administration, advertising and marketing, office premises, office running expenses, trading stock,...
Category: Tips
What to Expect from ATO Risk Reviews and Audits
ATO audits can happen any time to a business, but now with JobKeeper, early release of super and COVID-19 cashflow boost payments, the ATO will be reviewing and auditing a lot more businesses in the future. The ATO will usually conduct a risk review initially, to determine if there are compliance issues that warrant a...
We’re a Member of the N.R.A (‘R’ is for Retail, not Rifle!)
Suppose that you work in the retail industry and you have a troublesome competitor taking away your market share. Who can you call to help you with your problem? The NRA, or National Retail Association (not Rifle!) is one such association that exists to support retailers with issues faced in business. The NRA is one...
A quick guide to dealing with cash flow problems
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