Sims Richmond

7 Steps to Dealing With a Legal Issue or Dispute - Sims Richmond If you run a business for any length of time, you will likely get involved with disagreements and disputes with your associates, whether they be customers, employees, suppliers or competitors.

How Do I Resolve a Dispute With My Supplier? - Sims Richmond Having good working relationships with your suppliers is vital to ensure your business runs smoothly.

Changes to Casual Employment in August 2024 - Sims Richmond Casual employment is set to change again after Amendments to the Amendments to the Fair Work Act 2009 (Cth).

Temporary FBT break lifts plug-in hybrid sales 130% - Sims Richmond An industry body warns strong take-up will only continue if the generous tax break remains.

The five reasons why the $A is likely to rise further - if recession is avoided - Sims Richmond After a soft patch since 2021, there is good reason to expect the $A to rise into next year

June quarter inflation data reduces risk of rate risk - Sims Richmond The June quarter inflation data is likely to see the RBA keep rates on hold next week, economists predicted.

‘Bleisure’ travel claims in ATO sights, experts warn - Sims Richmond Travellers who mix business and pleasure will face increased scrutiny as the Tax Office cracks down on work-related expenses.

Most Gold Medals in Summer Olympic Games (1896-2024) - Sims Richmond Check out which country has won the most Gold Medals in Summer Olympic Games (1896-2024)

Estate planning considerations - Sims Richmond Estate planning is a complex area which requires careful consideration of tax implications.

5 checklists to support your business - Sims Richmond Find the list of tasks to be done in your business or reminders you need to know about.

Are you receiving Personal Services Income? - Sims Richmond Do you earn personal services income (PSI)?

What Employment Contracts Does My Small Business Need? - Sims Richmond As a small business owner, you may be looking to recruit employees in a variety of capacities and for a range of purposes.

The superannuation changes from 1 July - Sims Richmond The super changes on the way from the start of the 2024-25 financial year.

Hasty lodgers twice as likely to make mistakes, ATO warns - Sims Richmond The Tax Office is warning taxpayers against rushing to lodge their tax returns on 1 July.

Landlords who ‘double dip’, fudge deductions in ATO crosshairs - Sims Richmond The Tax Office has warned taxpayers to revise deduction rules and maintain proper records.

Tax Time Checklists - Individuals; Company; Trust; Partnership; and Super Funds - Sims Richmond Working from home because of COVID-19 means most will have more deductions than in a normal year.

Compare your business - Sims Richmond All too often a small business operates as an ‘island’, not knowing how they are really doing. These benchmarks allow meaningful comparisons.

2024 Year End Tax Planning Guide (Part 2) - Sims Richmond Over May and June we will add two articles to our website to help you plan and take actions before the end of the 2023-24 financial year.

ATO to crack down on rental income, WFH deductions this tax time - Sims Richmond Taxpayers who “copy and paste” work-related claims each year or try to offset their rental income by inflating deductions will be in the Tax Office’s sights.

How to Draft a Standard Form Contract - Sims Richmond A standard form contract is a pre-written contract used repeatedly for a particular type of transaction.

GST, PAYG withholding a ‘significant portion’ of $50bn tax debt - Sims Richmond Small businesses are increasingly falling behind on debts, with two-thirds of all debt owed by small business, the ATO warns.

ATO changes will make it harder for over 42,000 small businesses. - Sims Richmond The ATO reports that more than 42,000 small businesses fail to work with them in regard to finalising their tax obligations.

The Deadliest pandemics in History - Sims Richmond Check out the Deadliest pandemics in History

Budget breakdown – Federal Government Analysis - Sims Richmond The 2024 Federal Budget is broken down into these five PDFs. Click on each to read more.

Winners & Losers - Sims Richmond Jim Chalmers has handed down the government's third budget, with a $300 power bill boon for every Australian household, but the purse strings kept tight on other measures.

Federal Budget 2024 - Sims Richmond Four main components of this year's Federal Budget can be seen by using the following links.

2024 Year End Tax Planning Guide (Part 1) - Sims Richmond In May and June, we will add two articles to our website that help you plan and take action before the end of the 2023-24 financial year. Both Part 1 and 2 will cover the following, though Part I focuses on key strategies to manage your tax bill. All are worth dedicating time to review and think abo...

Medicare levy surcharge OR basic health insurance ? - Sims Richmond Do the sums for your circumstances

ATO warns of ‘serious penalties’ for unlawful tax scheme promoters - Sims Richmond The ATO is targeting unlawful tax and super scheme promoters, citing “serious” penalties and reputational risk.

ACCC scam report - Sims Richmond Australians made more than 600,000 reports about scams in 2023 — about 18 per cent more than in 2022.(ABC News: Evan Young/Canva)