by Canning Tax & Advisory | 14 Nov 2022 | Business Operations, Business Planning
Sometimes business leaders need to fundamentally change the way things are done in order to grow profit, or just to survive. This is termed ‘Business Reengineering’. What is Business Reengineering? Business Reengineering usually means eliminating activities or...
by Canning Tax & Advisory | 14 Nov 2022 | Business Operations, Tax Compliance
Queensland backs down on Australia wide land tax assessment The Queensland Government has backed away from an amendment that would have seen the land tax rate for investment property in Queensland assessed on the value of the investor’s Australia wide land holdings...
by Canning Tax & Advisory | 14 Nov 2022 | Business Operations, Tax Compliance
The deadline for existing directors of Australian companies to obtain a Director Identification Number is 30 November 2022. All directors of a company, registered Australian body, registered foreign company or Aboriginal and Torres Strait Islander corporation (ATSI)...
by Canning Tax & Advisory | 14 Nov 2022 | Business Operations, Business Planning, Tax Compliance
Sportspeople, media personalities, celebrities and ‘insta’ influencers beware. The ATO has taken a U-turn on how fame and image should be taxed. If you’re famous and make an income from your fame and image, the way the ATO believes you should be taxed on the income...
by Canning Tax & Advisory | 30 Sep 2022 | Business Operations
In some ways, managing a business is not so difficult, at least from a financial perspective. By attracting more customers or selling more to existing customers, you grow revenue. You also try to ensure that revenue greatly exceeds expenses – in which case profits are...
