by Swot Accoountants | Oct 2, 2022 | Business News, Business Training, Tax & Compliance
Director’s duties and responsibilities One of the fundamental responsibilities of a company director is to ensure that the company is able to pay its debts when they fall due. If directors allow a company to trade while insolvent, they may be acting illegally and be...
by Swot Accoountants | May 1, 2022 | Business News, Business Training, Fringe Benefit Tax (FBT), Tax & Compliance, Tax Offset
On 29 March 2022, the Treasurer handed down the 2022/23 Budget with changes to tax and superannuation laws. Here is a summary of some of the measures that may impact businesses and individuals. Small Business Technology Investment Boost and Small Business Skills and...
by Swot Accoountants | Jan 1, 2022 | Business News, Business Training, Penalties
When you need to apply for a director ID depends on when you first became a director. If you were appointed a director on or before 31 October 2021, you have until 30 November 2022 to apply If you were appointed a director between 1 November 2021 and 4 April 2022, you...
by Swot Accoountants | Oct 8, 2021 | Business News, Business Training
It has never been more important for small business owners to become aware and get smarter about cyber security. While the big companies are spending billions of dollars on cyber security each year, small and medium-sized businesses (SMBs) are not doing enough to...
by Swot Accoountants | Sep 1, 2021 | Business News, Business Training, Companies & Trusts, Tax & Compliance
When starting a small business, you need to choose which type of business structure to use. It is very important to understand the responsibilities of each structure, as it will affect the set-up and running costs, the tax obligations, asset protection, and potential...
by Swot Accoountants | Jul 1, 2021 | Business News, Business Training, Coronavirus (COVID-19)
In their latest report, the Australian Competition and Consumer Commission (ACCC) reported more than $851 million were lost in scams by Australians in 2020. Here is a breakdown of the reported scams: $328 million lost in investment scams. $131 million lost in romance...
