The Australian Tax Office (ATO) Has signalled it is focusing on the cash economy and businesses/taxpayers trying to skirt the system. An ATO Audit can be a very stressful thing. If your business earns part of its income in cash payments, be prepared to have the Australian Tax Office (ATO) keeping its eyes on you …
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Adam Abela, CEO of Float, shares some great business tips that can help you during difficult times. Are you feeling a level of anxiety about your business at the moment? Interest rates are rising, which, depending on your industry, may impact your business’s demand. When interest rates rise, there is less disposable income in …
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More and more businesses are switching to cloud-based accounting software, for good reason. So what is cloud accounting? Cloud accounting is a type of accounting software that allows users to access their financial data from any internet-connected device. This means you can view and update your books from your computer, phone or tablet wherever and …
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Understanding how to prepare your business for the impacts of inflation is a critical element of business planning that you should address now more than ever. Interest rates are straining businesses across the country as the costs for running businesses rise. Additional spikes in inflation could provide further challenges for businesses struggling to prepare for …
Adrian talks about a recent case study on poor accounting practices by a client’s previous accountant that cost the client $31,500.00 in overpaid tax, that the client would have never recovered (or even known about!). Is cheap accounting really worth it? Overpaid tax might be the result. Today, I wanted to share a real-life example …
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Adam talks about the rising cases of A DPN Notice or warning being issued by the ATO and what to do to avoid this or other more serious consequences of being behind on your business tax debt. Have you been sent a demand letter or a DPN Notice or warning from the ATO? Recently, the …
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Dan Sova, CTO of Float Accounting, Gives 4 Cashflow Management Steps You Can Implement To Improve Your Business’ Cash Flow. Manage business cashflow with these 4 easy steps: [00:00] Let’s talk about four more steps you can take right now to better manage your business’s cash flow. If you’re a business owner, you know that …
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