TaxAssist Accountants Melbourne CBD

Christmas events and gifts - what are the tax implications?
Read our Top 5 tax tips this holiday season.

Christmas events and gifts – what are the tax implications? Read our Top 5 tax tips this holiday season.

If you are a company director you must apply for your director identification number before 30 November 2022. Find out more here

How to apply for Director ID Directors of all Australian companies must verify their identity as part of new requirements to have a Director Identification Number (director ID).

Minimum wage increases for 10 awards in the aviation, hospitality and tourism industries from 1 October 2022. https://www.taxassistau.com.au/accountants/melbourne-cbd/resources/news/minimum-wage-increases-for-10-awards-in-the-aviation-hospitality-and-tourism-industries

During these challenging times, many Australian small businesses are having to adapt to secure their future. Read our tips for how you can plan for the months ahead. https://www.taxassistau.com.au/accountants/melbourne-cbd/resources/articles/how-to-plan-ahead-with-your-business

The 31 October deadline is fast approaching for those choosing to lodge their own tax return. If you’re not going to make the deadline and you need help and advice, contact TaxAssist Accountants today. https://www.taxassistau.com.au/accountants/melbourne-cbd/resources/news/31-october-deadline-for-those-lodging-their-own-tax-return

One-off grants of $5000 available to businesses in Victoria directly affected by flood damage. https://www.taxassistau.com.au/accountants/melbourne-cbd/resources/news/small-business-immediate-flood-relief-program-available-in-victoria

Directors of all Australian companies must verify their identity as part of new requirements to have a Director Identification Number (director ID). Read our guide on how to apply! https://www.taxassistau.com.au/accountants/melbourne-cbd/resources/articles/how-to-apply-for-director-id

Interested in setting up Key Performance Indicators for your business? TaxAssist Accountants can help you track your goals and objectives and access up-to-date information about your business so you can make better strategic decisions. Contact us for a free initial consultation where we can explain more. https://www.taxassistau.com.au/accountants/melbourne-cbd/resources/questions-and-answers/what-is-meant-by-kpis-and-how-will-they-help-my-small-business

Regularly monitoring your finances and keeping accurate books is a crucial technique for running a successful business. Read our guide to the key processes involved in small business bookkeeping.
https://www.taxassistau.com.au/accountants/melbourne-cbd/resources/articles/bookkeeping-and-its-importance-for-small-businesses

Any business and individual could be targeted by cyber criminals, but there are various steps you can take to protect you and your business to minimize the risks. Read our guide to cyber security for small businesses below.
https://www.taxassistau.com.au/accountants/melbourne-cbd/resources/articles/a-guide-to-cyber-security-for-small-businesses

There are many factors that drive business success. Read our six key tips that will help you grow your start-up.
https://www.taxassistau.com.au/accountants/melbourne-cbd/resources/articles/six-tips-to-help-you-run-a-successful-business

Late payments can be a big issue for small businesses, however there are steps you can take to lessen the effects. Read our guide here https://www.taxassistau.com.au/accountants/melbourne-cbd/resources/questions-and-answers/i-run-a-small-business-how-can-i-deal-with-late-payments

The Victorian Government has launched a new $5 million Small Business Specialist Advice Pathways Program for Victorian small business owners to access financial and legal advice.

Eligible small businesses can receive a $2,000 grant to cover the costs of engaging a qualified service provider that can help with professional advice and services to help make informed business decisions and plan for the future. Contact TaxAssist Accountants for more information. https://www.taxassistau.com.au/accountants/melbourne-cbd/resources/news/new-grant-for-small-businesses-available-in-victoria

If you made a payment to a subcontractor, contractor or consultant, you may need to lodge a Taxable Payments Annual Report (TPAR) by 28 August. Contact your local TaxAssist Accountant who can help with all financial aspects of running your business.
https://www.taxassistau.com.au/accountants/melbourne-cbd/resources/questions-and-answers/do-i-need-to-lodge-a-tpar

Cash flow is the beating heart of any successful small business. We list five practical ways to manage your business cash flow.

Need help with a cash flow projection? TaxAssist Accountants can provide an accurate and comprehensive service specifically tailored to suit your business’ and/ or lenders’ requirements. Contact us today to find out more. https://www.taxassistau.com.au/accountants/melbourne-cbd/resources/articles/5-ways-to-manage-your-business-cash-flow

Any business and individual could be targeted by cyber criminals, but there are various steps you can take to protect you and your business to minimize the risks. Read our guide to cyber security for small businesses here - https://www.taxassistau.com.au/accountants/melbourne-cbd/resources/articles/a-guide-to-cyber-security-for-small-businesses

From July 1, 2022 people aged 60 years and over are now eligible to make downsizer contributions of up to $300,000 per person ($600,000 per couple) from the sale proceeds of their home into their super.

If you need help with super, TaxAssist Accountants can assist with:
• Setup and Administration of Self-Managed Super Funds (SMSF)
• Assistance with Lump Sum withdrawals
• Assistance on Property, Shares & Investments inside Superannuation Funds
• Audits on Super Funds

https://www.taxassistau.com.au/accountants/melbourne-cbd/resources/news/age-for-downsizer-contributions-dropped-to-60

A number of important changes for small businesses came into effect from July 1. We run through what you should know. https://www.taxassistau.com.au/accountants/melbourne-cbd/resources/news/july-1-changes-for-small-businesses

Boost to women in small business, pandemic payroll tax cuts to be discontinued and stamp duty reform are some of the measures being introduced in the NSW budget. We highlight what the budget means for small business. https://www.taxassistau.com.au/accountants/melbourne-cbd/resources/news/nsw-budget-we-highlight-what-it-means-for-small-business

With the rise in the new minimum wage, we share some tips on how small businesses can prepare for the increase in costs.

https://www.taxassistau.com.au/accountants/melbourne-cbd/resources/articles/new-minimum-wage-how-can-small-businesses-prepare-for-the-increased-cost

ATO chasing debts in the construction industry and puts small businesses and sole traders on notice regarding excessive claims relating to personal deductions on tax returns.

With June 30th, the end of the tax year fast approaching – it’s almost time to lodge your tax return. If you need help with lodging your tax return, speak to TaxAssist Accountants today! https://www.taxassistau.com.au/accountants/melbourne-cbd/resources/news/ato-targeting-tradies-and-excessive-personal-deductions-on-tax-returns-this-tax-time

It’s time to contact TaxAssist Accountants. June 30th, the end of the tax year, is fast approaching, which means it’s almost time to lodge your tax return. Make sure you maximise your tax savings by claiming all you are entitled to! https://www.taxassistau.com.au/accountants/melbourne-cbd/resources/articles/tax-time-make-sure-you-claim-all-you-are-entitled-to-on-your-tax-return

From 1 July 2022 there are two very important changes to super guarantee for employers. Find out more here - https://www.taxassistau.com.au/accountants/melbourne-cbd/resources/news/get-ready-for-super-guarantee-changes-from-1-july-2022

Child Care Subsidy and Family Tax Benefit: Failure to lodge your 2021 tax return by June 30, 2022 means you could miss out on what you are due. Contact TaxAssist Accountants today for all your tax and accounting needs. https://www.taxassistau.com.au/accountants/melbourne-cbd/resources/articles/don-t-miss-out-on-your-child-care-subsidy-or-family-tax-benefit

Make the most of the low and middle-income tax offset this tax year. Speak to your local TaxAssist Accountant to make sure you are claiming all that you are entitled to. https://www.taxassistau.com.au/accountants/melbourne-cbd/resources/questions-and-answers/am-i-eligible-for-the-newly-expanded-low-and-middle-income-tax-offset

Are you ready for the end of the financial year? Here’s our handy checklist to ensure you’re prepared for when you meet with your accountant. https://www.taxassistau.com.au/accountants/melbourne-cbd/resources/articles/are-you-ready-for-the-end-of-the-financial-year

The Australian Tax Office has warned prospective business owners about fake websites on social media platforms, which offer to provide tax file numbers (TFN) and Australian business numbers (ABN) for a price, but instead, go on to steal money and personal information. https://www.taxassistau.com.au/accountants/melbourne-cbd/resources/news/prospective-business-owners-warned-about-fake-tfn-and-abn-websites

Are you ready for the impact of inflation? Speak to TaxAssist Accountants to model how inflation will affect your business. https://www.taxassistau.com.au/accountants/melbourne-cbd/resources/articles/are-you-ready-for-the-impact-of-inflation

The ATO is targeting company directors, with thousands warned they must actively manage their business debt or face ATO action. https://www.taxassistau.com.au/accountants/melbourne-cbd/resources/news/ato-targets-directors-in-debt-collection-exercise

Businesses across Australia are feeling the squeeze amid rising costs. Raising your prices could be one solution. Read our guide explaining how to do it. https://www.taxassistau.com.au/accountants/melbourne-cbd/resources/articles/how-you-can-increase-prices-to-deal-with-rising-costs