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Insights

State Taxes and GST – Increased Audit Activity

Posted on May 26, 2014

We have noticed an increased level of audits by the ATO and State regulators. Key audit areas include payroll tax and GST.

With payroll tax, the regulators are looking for those who understate or avoid their payroll tax obligations. A few of the common problem areas are:… Click here to read more →

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How to Improve Business Cash Flow in 7 Easy Steps

Posted on May 26, 2014

Cash is important for any business, there’s no doubt about it. As a matter of fact, it is probably the most important component where business is concerned, like the saying “Revenue is vanity, Cash flow is sanity, but Cash is king.”

Cash is important for many obvious reasons such as investing in property or new infrastructure, paying for raw materials, labour and manpower, transportation and delivery.

All businesses are prone to get into trouble at some stage, and the primary thing to consider is: are you prepared for the unexpected? No matter how large or profitable a business is, if it does not take good care of its cash flow, there will ultimately be problems. It might even require a new person, new plan, a lot of money and maybe even a miracle to help the business recover.

There are many reasons why businesses fail and we’ll be highlighting some of these.… Click here to read more →

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Net Medical Expense Tax Offset phase-out now law

Posted on May 26, 2014

Tax and Superannuation Laws Amendment (2014 Measures No. 1) Bill 2014 This Bill received Royal Assent on 18 March 2014. Amongst other things, the legislation… Click here to read more →

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Will the new budget help you or hurt you?

Posted on May 14, 2014

On 13 May 2014, The Treasurer handed down the 2014-15 Federal Budget. We have highlighted below some of the measures that may directly impact you… Click here to read more →

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Project DO IT: last chance to disclose offshore income

Posted on May 8, 2014

ATO amnesty for offshore investments If you have not declared your offshore income or assets and wish to bring the cash or investments back to… Click here to read more →

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Insights
Hall Consulting Group