Don’t let your ATO debt harm your business

May 29, 2018 by BELINDA — No Comment

The Australian Taxation Office recently announced that it will take “timely” and “stronger action” against small businesses with outstanding debts. With stricter ATO penalties looming, staying on top of your returns is now more important than ever. Aside from initial penalties and your tax debt accruing interest, being behind on payments can start to negatively impact your […]

How to access the ATO’s instant asset write-off without hurting your cash flow

May 29, 2018 by BELINDA — No Comment

Tax breaks are few and far between, and the $20,000 instant asset write-off scheme is a ripper. But more than 60% of businesses aren’t fully utilising it, usually due to a lack of funds available. There’s a lot of confusing information about how the scheme works, and what this means for your cash flow. Here’s […]

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