Taking on an Employee The recent ATO Small Business Fix-it Squad on “Making it easier to take on an Employee” was finalised in July. The ATO are now developing a strategy to progress the following priority recommendations:   ·  A whole of government...

ATO Lodgement Deferral – You still have to pay on time Issue When a lodgement deferral for an activity statement is granted by the ATO, the payment is not automatically deferred. How does the Business Owner/BAS Agent know what to pay until they complete the BAS?...

 How will SuperStream benefit Employers       These changes have a range of potential benefits for employers, including: the opportunity to use a single channel when dealing with super funds, regardless of how many funds your employees contribute to...

Budget Highlights – Not legislation YET! Budget News 2015   Company tax rate cut to 28.5% from 01/07/2015 for small business with a turnover of less than $2 million. Sole-trader business income from un-incorporated business with a turnover of less than $2...

Is it that time of year already? The end of financial year is fast approaching and that means getting all your paperwork ready.   Before End of Year – Review Business Progress Review Profit & Loss to end March/April – Check with your trusted...

ICB is pleased to announce that the ATO and Government have listened. We have lobbied for some time that if the ATO requires you to check the ABN and GST status of your suppliers then they HAVE to state unequivocally that you are allowed to rely on it. We quote the...