Fuel tax credit rate
Changes made to the Fuel Tax Credit system (FTC) on 1 July have to potential to significantly impact FTC entitlements for many SMEs.
Businesses that have a fleet of more than one vehicle will need to familiarise themselves with the changes to avoid paying too much tax.
The biggest change is that fuel used in off-road activities, [...](read more)
Super can to improve cashflow for SMEs
Experienced SME owners can reduce their outgoing costs by restructuring their wage programs to include the Transition to Retirement Pension.
The Income Tax Act allows for eligible SME owners to reduce wages and leave extra cashflow in the business through a mechanism called the Transition to Retirement Pension. This enables a portion of income to be [...](read more)
Family business dividend rules
A decision by the ATO to clam down on dividen access share arrangements is is adding to the pressure the ATO is currently putting on family businesses. The tax office has started paying more attention to family groups within the last couple of months, which means those SME’s have had to spend more time on [...](read more)
What Public Relations experts know
1. Establish a company blog
Having a corporate blog is a definite plus for companies of all sizes. A blog is an effective tool for small companies because it gives them a global stage from which to tell their brand story, add value and connect with customers and partners; large companies can benefit from a blog [...](read more)