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Car expense rates

Car expense rates Car expense rates per km – 2013/14 Car expense rates The car expense rates per kilometre have been set for the 2013/14 year (and they have been increased for the first time since 2008/09). Year Small car Medium car Large car 2012/13 63c 74c 75c 2013/14 65c 76c 77c Interested in joining […]

Data Matching Programs

Data Matching Programs The Government has announced that it will request and collect information for the purposes of the following data matching programs. Credit and Debit Card Data Matching Program The ATO will request and collect data relating to credit and debit card sales of approximately 900,000 businesses for the periods from 1 July 2012 […]

The importance of BDBNs

The importance of BDBNs Editor: A member of a superannuation fund may generally make a ‘BDBN’ which, if valid, requires the trustee of the fund to pay out their death benefits (i.e., after they die) exactly as set out in the BDBN. In the first case, a member of an SMSF expressed a desire in […]

Reminder: Lodging SMSF returns

Reminder: Lodging SMSF returns To help prepare for lodgment, the ATO is reminding those with SMSFs that their fund’s audit report needs to be completed before their SMSF annual return can be lodged. This is especially important for new registrants (i.e., those SMSFs registered in the 2012/13 year), as their 2013 SMSF annual return is […]

Small Business Super Clearing House Reform

Small Business Super Clearing House Reform The Government has announced that the ATO will take over the running of the Small Business Superannuation Clearing House. Editor: The Small Business Superannuation Clearing House is a free online service that helps small businesses with 19 or fewer employees meet their superannuation guarantee obligations by allowing employers to […]

Slowest living standards growth in ‘our lifetimes’

Slowest living standards growth in ‘our lifetimes’ Australians’ living standards are expected to increase at a ‘‘significantly slower’’ pace over the next decade than in the past five decades according to Treasury. In order to sustain the current growth in standards of living labour productivity growth of about 3.2% each year would be needed, a […]

Six questions start-ups must ask

Six questions start-ups must ask Starting a business is difficult. Risk is a big part of any enterprise, and answering these six questions may assist mitigating this risk. 1. How will you finance your business? Funding it yourself means you will have greater control, but growth will be slower. 2. How will the business provide […]

Accounting Firm Hiring Local People

Accounting Firm Hiring Local People Bottrell Business Consultants continues to grow our team/staff from local people in the Hunter Region! – Now a family of 15!! Ensuring client data protection & security. BE CAREFUL – I think you would be surprised how many Accounting & Bookkeeping firms are outsourcing your Accounting, Taxation & Bookkeeping work […]

Myob Hiring Frenzy

Myob Hiring Frenzy Myob have hired a lot of new staff recently to help defend its market position against new entrants such as xero. Do you believe this to be a good or bad strategy?     Interested in joining our team? Why not apply today?  About Our  Traineeships:- Join the Market Leader in 2016 […]

Building Better Social Media Content

Building Better Social Media Content When writing posts for you facebook and blog you need to remember that the page or site needs to be somewhere that people like to visit, like your local coffee shop. Don’t always post what your products are, post abut what people want to hear. From personal, to business-related, to […]

7 ways to stop wasting time

7 ways to stop wasting time Time-wasting is a national sport in Australia. So, how do you stop wasting time and get through your to-do list? Here are some useful tips to do this: 1. Systematise your day These days there are many aspects of communication that can be systematised and automated. 2. Track your […]

How not to start a start-up

How not to start a start-up Here are five things you should never do when starting a business: – Launch without watertight paperwork, It doesn’t matter how brilliant your idea looks on paper, if you haven’t got all legal documents before trading, you are doomed. – Shirk good legal advice – Start trading without enough […]

Not meeting super obligations can be an expensive mistake

Not meeting super obligations can be an expensive mistake Small business owners who try to avoid their employee superannuation obligations can now be reported to the Fair Work Ombudsman. Formerly the ATO was charged with enforcing employer’s super obligations. But due to the ATO’s workload, the chance of an errant employer being forced to meet […]

Australian Motor Industry

Australian Motor Industry Australia is one of only a few countries with the capabilities to design cars from scratch and manufacture in significant volumes. As of February 2014 Australian-designed cars are made by local producers Holden (a subsidiary of General Motors) and Ford Australia, while Toyota Australia manufactures local variants of its international models, particularly […]

DECEMBER KEY POINTS

DECEMBER KEY POINTS THE ALL GROUPS CPI rose 0.8% in the December quarter 2013, compared with a rise of 1.2% in the September quarter 2013. rose 2.7% through the year to the December quarter 2013, compared with a rise of 2.2% through the year to the September quarter 2013.   OVERVIEW OF CPI MOVEMENTS The […]