News

The Small Business Restructuring (SBR) Process provides financially distressed small businesses with a simplified and cost-effective mechanism for reorganising and recovering from financial difficulties.

The beginning of the year is a great opportunity for small business owners to review their operations, update important records, and ensure their systems are working efficiently.

2023–24 Annual Cyber Threat Report Summary. The 2023–24 Annual Cyber Threat Report highlights Australia’s growing cyber threats.

New Resources About Pay & Conditions, Enterprise Agreements & Bargaining

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.