Are you a general medical or allied health practice? If so, you are probably worried about the recent developments in payroll tax cases. What was the case that started it all? In Victorian case The Optical Superstore Pty Ltd & Ors v Commissioner of State [2018] VCAT 169, the Applicant (Optical Superstore) was the owner and operator of an optical clinic. The Victorian State Revenue Office raised amended assessments for…  Read more

After spending 7 years working in Michelin star restaurants in France, Dan Arnold has returned to his home, Brisbane, to open his first restaurant – Restaurant Dan Arnold. Let’s just say that he returned with so much experience and his food speaks for itself. Dan arrived in France in 2010, worked at 3 Michelin star restaurant l’Espérance, and after was sous-chef of Serge Vieira, Bocuse d’Or 2005 and Two Michelin…  Read more

GST withholding… The ATO has noticed some common errors made in activity statements since the introduction of “GST at settlement” on 1 July 2018.  These new laws require purchasers to withhold GST on settlement (and pay it to the ATO directly) generally when buying ‘new residential premises’ from developers. In particular, the new “GST at settlement” law does not affect a supplier’s obligation to lodge their activity statement and report…  Read more

ATO Assistant Commissioner Peter Holt has announced that, in the 2019/20 financial year, the ATO will be visiting a further 10,000 small businesses across the country, including up to 500 small businesses in Tasmania. He further said that businesses that advertise as ‘cash only’ and businesses that are operating outside of the ATO’s performance benchmarks for their industry will be especially targeted for a visit from the ATO. “Businesses that…  Read more

Hopefully all of you know about the changes that happened last year, in April 2018. It is now though, 12 months later that you need to look back and ensure that you comply with the Fair Work and Real Estate Industry Awards and that your staff that have been on commission only, can continue to do so. What were the changes introduced? New broad-band classification structure The old job titles…  Read more

We were so excited when Nitha, one of our favourite clients and the one with a successful recruitment business, decided to setup another business purely focusing on amazing mums returning to workforce. This is what she has to say about her WHY: “Our goal is to give mums a helping hand back into the workplace through flexible work arrangements with employers who support mums. Our employers understand how challenging it…  Read more

For over 30 years Apromo has been supplying quality European patisserie ingredients, Belgian couverture, semi-finished products, gourmet foods and frozen Danish and desserts – to chocolatiers, patisseries, restaurants, hotels, bakeries, and caterers. That’s right, Apromo Trading has been operating in Sydney since 1987! That just proves that we all love chocolate! Their core business is twofold:  To supply high quality European ingredients and semi-finished products to Australia’s leading chocolate manufacturers,…  Read more

Whether you are running a current business or looking to start up a new company, it is important that you have enough stock on hand to meet your consumer’s needs. However, investing all of your money in inventory drains your working capital and prevents that money being used elsewhere in the business. Accurate forecasts are vital when it comes to maintaining and replenishing inventories, and it is necessary for a…  Read more

You can currently transfer the ownership of some types of property directly into your Self Managed Superannuation Fund (SMSF). They are: Business real property (used exclusively for the running of a business), for example a warehouse you conduct your business from; Listed securities (such as shares in companies listed on the stock exchange); In-house assets, for example an investment in a related party – provided that the market value of…  Read more