by Canning Tax & Advisory | 11 Sep 2024 | Business Operations, Business Planning, Tax Compliance
It’s essential that any income earned from sharing economy platforms such as Airbnb, Stayz, Uber, etc., is declared in your tax return. Since 1 July 2023, the platforms delivering ride-sourcing, taxi travel, and short-term accommodation (under 90 days), have been...
by Canning Tax & Advisory | 21 May 2024 | Business Operations, Business Planning, Team Developement
A fresh approach to goal-setting can bring the best results. Here are 5 methods to help set sensible and relevant goals, while increasing the chances of success. Most leaders acknowledge the value of setting goals and measuring their progress. But many of those...
by Canning Tax & Advisory | 21 May 2024 | Business Operations, Business Planning, Tax Compliance
Tax is part of doing business… but being prepared helps leaders know they’re compliant, not paying too much and will avoid unpleasant surprises. Here are some best practices to guide leaders and their Accountants. Here are some guidelines to help business leaders...
by Canning Tax & Advisory | 21 May 2024 | Business Operations, Business Planning, Tax Compliance
Late last year, thousands of taxpayers and their agents were advised by the Australian Taxation Office (ATO) that they had an outstanding historical tax debt. The only problem was, many had no idea that the tax debt existed. The ATO can only release a taxpayer from a...
by Canning Tax & Advisory | 21 May 2024 | Business Operations, Tax Compliance
It’s not uncommon for business owners to pour their money into a business to get it up and running and to sustain it until it can survive on its own. A recent case highlights the dangers of taking money out of a company without carefully considering the tax...
by Canning Tax & Advisory | 21 May 2024 | Business Operations
There are many things to juggle as a business leader… but setting aside time to examine the financial health of the business is a smart move. We recommend leaders conduct a periodic ‘self-audit’ to track performance in five important areas. Busy leaders need to...
