From the category archives:

General Interest

Tax Refund Processing Times

July 29, 2010
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The ATO have released the following information concerning processing times for tax returns this year: 
As at 26 July 2010, the ATO had issued more than 942,000 notices of assessment, including approximately 830,000 refunds.
At the end of every financial year, the ATO goes though the process of updating its software, mainly to take account of any [...]

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Are You Preparing for a Stop/Start Boom?

July 18, 2010
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The MYOB Business Monitor Report released in April 2010 summarised what 1,000 SME operators had identified as the main pressures on business owners in the next 12 months. These included:

 fuel prices
 cashflow management
 price margins and profitability
 interest rates
competitor activity
customer late payments

The survey indicated that “54% of business owners surveyed by MYOB expect economic recovery to begin to [...]

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Do You Have a Will?

July 17, 2010
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How long is it since you reviewed your Will?  Do you even have a Will? 
There is also some basic information that you should be summarising to assist in the administration of your affairs in the unfortunate event that administration is required. This would relate to trade secrets of the business and agreements reached with key suppliers [...]

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New R&D Bill Not Passed

July 16, 2010
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The Federal government was unable to have its new research and development legislation passed by the Senate, prior to the Senate rising for the winter recess.
The new legislation was scheduled to commence on the 1st July 2010. The government is saying that the legislation will be reintroduced when the Senate next meets; with a retrospective [...]

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Payment Summary Problems

July 15, 2010
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Check your Payment Summary.
As we see more and people for income tax returns, we’re also coming accross a disturbing number Payment Summary miscalculations and items included under the wrong labels.
New label confusing employers
The most common error on Payment Summaries we are seeing this year seems to revolve around the new item, Reportable Employer Super Contributions (RESC).
A number [...]

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7 Essential Teleseminar Tips For Success

July 10, 2010
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A couple of months ago we touched on the 6 Business Benefits of Teleseminars and Webinars.  Here are a few things you can do to guarantee the success of your teleseminar.
Plan Your Presentation
Before sending out invitations, make sure you’ve already a clear idea of what your presentation will be for your teleseminar. Figure out the [...]

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Training Grants for Mature Age Workers

July 9, 2010
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On 1 July 2010 the Australian Government launched a new suite of services designed to support mature age Australians who want to stay in the workforce.
Through the Department of Education, Employment and Workplace Relations (DEEWR) Experience Plus program, employers may be able to access grants of $4 950 to train workers aged 55 years and [...]

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Beware of Unregistered Tax Agents

June 26, 2010
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With tax time approaching fast, the Tax Office are reminding taxpayers to be wary of unregistered preparers.
If you are planning to pay someone to help you prepare and lodge your tax return you need to check they are a registered tax agent.
If you are unsure whether they are a registered tax agent, you can ask [...]

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More Top Level Domains – consultation invited

June 18, 2010
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Generic top level domains (gTLDs) are the last part of a domain name, such as “.com” or “.net”. Currently there are 21 gTLDs that can be used worldwide.
 The Internet Corporation for Assigned Names and Numbers (ICANN) is developing a new process to allow any organisation to introduce its own gTLD. This means that gTLDs in [...]

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HELP Repayment Rates for 2010

June 16, 2010
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When do you have to start paying back that HELP debt?
The following rates and compulsory repayment thresholds apply for the 2009-10 financial year:  

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Monday Post Roundup 14/6/10

June 14, 2010
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The Monday Post Roundup series is a quick way for you to access all the posts published the previous week. This can come in handy if you are short on time (aren’t we all?) or missed something of interest to you.
It has been so busy lately, I haven’t managed a post roundup in a couple of [...]

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Be on the Watch for Unsolicited Share Offers

June 10, 2010
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ASIC has joined some of Australia’s largest listed companies in warning investors to carefully consider unsolicited offers to buy their shares.
ASIC has received reports that many Australian shareholders are receiving offers for their shareholdings at prices significantly below what they could expect on the market.
Inexperienced or elderly shareholders, or those under immediate financial pressure, are [...]

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Investment Decisions – do your research!

June 10, 2010
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Are you considering s tax-effective investment? It’s important you have all the facts to make an informed decision.
Some investments offer tax benefits such as reducing assessable income or increasing deductions, but end up being outside the law.  You can check with the ATO to ensure promised tax benefits will be available.
Find out as much as [...]

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Have Your Say on Business Name Registrations

June 8, 2010
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Consultation is now open on the Australian Government’s proposed changes to business name registrations. As part of the Australian Business Number (ABN) Business Names Registration Project, the Government is providing funding over four years to develop a national online registration process for ABNs and business names, including trade mark searching. The new system is expected [...]

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National Cyber Security Week

June 8, 2010
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National Cyber Security Awareness Week kicked off yesterday and will run until 11 June 2010.
The aim of this week is to raise awareness of cyber security risks and what steps you can take to protect your information online.
During the Awareness Week, around 140 partners will promote the messages of the Awareness Week through activities online and [...]

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