Author: Jhco Admin

This article was provided from Knowledge Shop. Knowledge Shop® has been helping accountants do what they need to do (and a bit more) since 2000. A subsidiary of ASX listed Easton Investments, Knowledge Shop® was born out of the frustration experienced by a profession trying to keep on top of an increasingly complex tax, super and regulatory environment.

5 things that will make or break your business’s Christmas

Most business owners cope well with consistent trading conditions, where trading and business conditions are predictable as are the solutions to issues that arise, but it is a different story during periods of disruption. Here are some things to watch out for: 1. Ho, Ho, No. The trading stock headache. If business activity spikes over…

The Super Guarantee timing trap for employers

Employers can generally only claim a deduction for superannuation contributions in the income year in which the contribution is made. Super contributions are made when the payments are received by the trustee of a complying superannuation fund.  It’s not uncommon for employers to be caught out by timing problems, many in the belief that the contribution has…

Bushfire relief from ATO obligations

The ATO has provided relief from lodgement compliance and payment obligations for those impacted by the bushfires. An automatic two month deferral for activity statements lodgements and payments due has been provided to those in affected postcodes. Taxpayers can also call the ATO directly to request further assistance, such as requesting extra time to manage tax…