Airbnb and home sharing: Taxing implications

iphone with Airbnb app open

Do you rent out a part of your home, or a holiday home, on Airbnb, Stayz or another sharing site? Perhaps you see this as a way of making a little extra income to help the household budget or to save for that holiday. But what you may not be aware of are the long-term […]

Home is where the GST is

Men in suits reviewing documents

In a bid to tackle non-compliance of GST obligations from developers selling properties, the government has introduced a new measure that require buyers of new residential premises and subdivisions of potential residential land to make a payment of part of the purchase price to the ATO. This measure has been introduced in response to developers […]

Uber not an employer

Uber office

  The Fair Work Commission has found that Uber is not an employer and thus not subject to unfair dismissal laws. With the rise of the gig economy, employment benefits such as minimum wages and conditions, entitlement to annual, sick and long service leave, superannuation, and protection from unfair dismissal and unlawful termination could all […]

Budget 2018: What’s in it for you

Road sign saying Budget 2018

The 2018-19 Budget was handed down on 8 May by Treasurer Scott Morrison who delivered what was widely perceived to be an election Budget with lots of sweeteners for everyone. So what’s in it for you? Businesses While there were no specific tax cuts for businesses, “the Government remains committed to ensuring that Australian businesses […]

Business cash payments on ATO’s radar

coin piles being looked at through a magnifying glass

In this competitive economic environment some businesses are increasingly turning to cash payments to dodge their tax obligations. This is becoming such an issue that the ATO has started a program of visiting businesses across Australia that may be using cash inappropriately or operating in the hidden economy. A wide variety of resources including third-party […]

Starting a new business

Open for Business

Starting a new business is an exciting time for the soon-to-be business owners! They’re full of great ideas, positivity and endless amounts of passion – key ingredients to a business’ success. However there are so many things to consider when starting out, that some of the key areas go un-noticed. Here is a list of a few […]

Small Business Benchmarks

Starting a business is hard work. It starts much earlier than your first day of trading. Lots of planning, building and training goes in to the venture before you can even open the doors! This brings with it a heap of worrying thoughts. What if it doesn’t work? What if i run out of money? […]

Accountability in Business

Most small business owners know exactly what they want to achieve from their business, but very few communicate their goals to their support team. It’s very easy to get bogged down in the day to day requirements of your business (i.e. working in the business), that we forget to take the time to take a […]

Do I need a budget?

Happy New (financial) Year!! The beginning of a new year is a great time to not only reflect on last year’s performance (and the key drivers towards that performance), but also to set some goals for the next 12 months. Without goals, we are pretty much running blind, with no real posts to aim for. […]

Should I move to Xero?

The end of a financial year is a great time to reflect on how your business has performed over the last 12 months. The lead up to 30th June is also a great time to consider what goals you have for the next financial year, both financially and non financially. A lot of clients use […]