Small Business

Thumbnail image for Business Plans – Questions to Consider – Part 31
By August 30, 2011

Periodic Financial Accounts – Each month we consider questions related to the preparation of a business plan. This time we’re looking at periodic financial accounts. Are periodic financial accounts prepared throughout the year? If so, how often? Are other periodic accounts prepared on a detailed management basis to assist management ...

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Thumbnail image for Business Plans – Questions to Consider – Part 30
By August 6, 2011

Taxation – Each month we consider questions related to the preparation of a business plan. This time we’re looking at Taxation. Have adequate systems been implemented for recording transactions relative to income tax?   Pay As You Go installments?  Pay As You Go withholding amount (withheld from salaries and wages)?  Pay ...

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Thumbnail image for NSW Payroll Tax Updates & Rebates
By July 7, 2011

New tax thresholds were introduced at the start of the financial year for payroll tax in NSW. The annual payroll tax threshold is now $678,000 and the rate is currently 5.45%. From 1 July 2011, the monthly threshold is: 29 days = $53,721 30 days = $55,574 31 days = $57,426 ...

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Thumbnail image for June Qtr Super Guarantee Reminder
By June 28, 2011

Please remember that all employee superannuation guarantee contributions should be paid into funds by 28 July, 2011. All employee super contributions actually paid by this date will be eligible for a tax deduction. It is important to meet the 28 July deadline in order to qualify for a tax deduction ...

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Thumbnail image for ASIC Fees Increasing from 1 July
By June 18, 2011

ASIC fees are being increased based on the Consumer Price Index for the March quarter 2011. This includes a rise in late payment fees. The following are a few of the more common fees which will be increasing from July 1st: Registration of a Pty Ltd increasing to $426 (up from ...

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Thumbnail image for Business Plans – Questions to Consider – Part 29
By June 11, 2011

Budgets and Cashflow Forecasts – Each month we consider questions related to the preparation of a business plan. Budgets and Cashflow Forecasts seem especially relevant at the moment as more and more banks and requiring this information from small business before considering finance arrangements. Do you prepare budgets on a ...

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Thumbnail image for Textile, Clothing & Footwear Industry Grants
By June 10, 2011

The Textile, Clothing and Footwear Strategic Capability Program funds strategic projects that help increase innovative capabilities across the Australian Textile, Clothing and Footwear (TCF) Industry.  If your business is in the TCF industry, you can now apply for the second round of grants for the Strategic Capability Program (SCP). If you’re considering applying, ...

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