News

MyGovID will soon be renamed myID. While the app’s name and appearance are changing, the way users log in and the security features will remain the same.

MyGovID will soon be renamed myID. While the app’s name and appearance are changing, the way users log in and the security features will remain the same.

The instant asset write-off (IAWO) is now law. Eligible businesses with an aggregated annual turnover of less than $10 million may deduct the full cost of eligible assets costing less than $20,000.

As small businesses experience cost escalations while running a business, your bookkeeper plays a crucial role in proactively preparing and equipping you with essential financial strategies to navigate cost increases effectively.

The ATO has seen an increase in scams targeting individuals’ personally identifiable information (PII).
In 2022, a person’s birthdate was the most common piece of PII divulged to scammers. Nowadays, scammers are getting their hands on far more valuable information.

he Fair Work Legislation Amendment (Closing Loopholes No. 2) Act 2024 introduces a significant change to the Fair Work Act 2009, under the heading of “a right to disconnect” for all national system employees.

Maintaining accurate and complete records is paramount for the success and sustainability of your business. Proper record keeping practices are not only essential for compliance but also serve as the backbone of informed decision making and financial stability.

The Australian Business Registry Services (ABRS) continues to engage with directors who haven’t met their obligations, and if you are a director of an organisation that has yet to apply for a Director ID, you may be contacted.

For those thinking about starting a new business or wanting to improve your existing business plan, the business plan tool from business.gov.au is an easy way to evaluate your business idea and set goals for the year ahead.

Business owners have a unique opportunity at this time of year to reflect on their company’s achievements and set the stage for financial success in the upcoming year.

A Business Continuity and Disaster Risk Management Plan outlines key strategies tailored for small businesses in Australia to navigate the uncertainties of the summer season.

It is coming to that time of year again where Christmas is around the corner and the New Year follows shortly thereafter. While it is commonly a time for celebration and an annual vacation, it can be a complex time for your Bookkeeper.