NEWS & INSIGHTS
Cash payments over $10,000 set to be outlawed from 2020
14 August 2019 From 1 January 2020, the Government intends to restrict the value of cash payments a business makes or accepts to amounts under $10,000. Ignoring the limit will become a criminal offence with penalties of up to 2 years in prison and/ or $25,200*....
Aussies falling victim to scams in record numbers
13 August 2019 The old saying goes: if it sounds too good to be true, it probably is. According to the Australian Competition and Consumer Commission (ACCC), Australians have been scammed out of more than $78 million dollars so far this year, based on data reported to...
ATO to visit 700 businesses in Broome & Kununurra
5 August 2019 The Australian Taxation Office (ATO) has announced it will be conducting visits to approx 700 small businesses throughout August in the following areas: Broome, Cable Beach, Derby and Kununurra. The visits are part of the ATO's crackdown on the...
Protect your business from cybercrime
31 July 2019 The Australian Taxation Office (ATO) is reminding business owners to be vigilant with their cyber security, particularly during tax time. It's not just about protecting your money, it's also about ensuring your customer information is kept safe. Here are...
Export Market Development Grants
29 July 2019 An Export Market Development Grant (EMDG) is offered to businesses who promote goods or services overseas. The EMDG program is an incentive scheme run by the federal government, set up to help Australian businesses grow in international markets. How does...
Avoid these common tax return mistakes
22 July 2019 The Australian Taxation Office (ATO) has released a list of the most common tax return mistakes people have made. Mistake #1: Lodging before your prefill data is available or failing to report all income Being the first cab off the rank at tax time may...
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