by Swot Accoountants | Oct 16, 2023 | Business News, Business Training, Tax & Compliance
Overview: Being a small business owner in Australia with up to six employees and an annual revenue of up to $1 million dollars makes you subject to potential tax audits. While audits may seem intimidating, they are a routine part of the tax system designed to ensure...
by Swot Accoountants | Sep 1, 2023 | Business News, Business Training, Tax & Compliance
In a recent move to support small businesses, the Australian Government unveiled a promising initiative as part of the 2023–24 Budget. Starting from 1 July 2023 until 30 June 2024, eligible small businesses can take advantage of a temporary increase in the instant...
by Swot Accoountants | Aug 1, 2023 | Business News, Business Training, Tax & Compliance
Growing a small business and ensuring its long-term success requires a well-thought-out strategy and efficient financial management. As an accounting professional, I have witnessed many small businesses flourish through smart financial decisions and proper planning....
by Swot Accoountants | Jun 2, 2023 | Business News, Business Training, Super, Tax & Compliance
If you have employees or hire eligible contractors for your small business, it’s crucial to stay informed about the latest changes. Starting from 1st July 2023, the new Super Guarantee (SG) rate will be 11%. To ensure compliance, it is essential to update your...
by Swot Accoountants | May 1, 2023 | Business News, Business Training
In today’s digital age, protecting your personal details is more important than ever. With the increasing use of online transactions and digital communication, the risk of identity theft is higher than ever before. Identity theft can lead to financial loss,...
by Swot Accoountants | Apr 15, 2023 | Business News, Business Training
Small Australian businesses today face a range of challenges that can affect their accounting and financial management. These challenges can be both internal and external, and may require different approaches to overcome. In this blog, we’ll discuss some of the...
