Small Business Tax Blog by Fletcher Tax Accountants

A wave of more favourable tax treatments are due to hit small business come 1 July 2012. You may want to keep these in mind if you are in the market (or planning) to buy an asset (or some) in the short term.

Clients often worry why their refunds are not as high last year. Of course we all love receiving tax refunds, but what are the common reasons your refund isn’t as high?

A common query my office gets asked – Why do I need to pay PAYG if I am not employing anyone? Firstly, you need to decipher which PAYG the ATO wishes you to pay; PAYG Instalments or Withholding.

Media relations is not about selling your products or services – that is what other sales and marketing tools are for. For a small-to-medium sized business, it usually means identifying the media outlets that are watering holes where many of your ideal customers gather, and being included in those media outlets in a positive way that shows that you are helpful, knowledgeable and accessible. Read on for more!

Moving houses or offices physically is often seen as the most difficult and stressful step. But once you’re in or just before, you may wish to update your contact details with the providers below, otherwise your actual move may become even more chaotic in the short term.

Had or having a baby post 1 January 2011? Have a read about the latest entitlements available for parents – Paid Parental Leave Scheme. Employing someone who is about to have a baby, make sure you read about your rights and obligations!

There is no one system (size) fits all solution but there must be a system that’s right for your business. If your debtors are not converting to money in the bank, you have no cash flow to pay staff, your creditors or yourself (but you already know that!). This post has some suggestions on how you may be able to control your debtors [...]

Become friends with your numbers and suggestions for how! Guest post kindly contributed by Kate Groom of Starfish Consulting. [...]

On the hunt for an accountant? The ”Must Ask” questions when considering a new accountant.

The ATO has recently posted a real case scenario showing the extent of their data matching capabilities (and a result thereof). The below is a copy of this recent posting. Even if you do not have too many cash transactions, this may prove to be an interesting read!