by Canning Tax & Advisory | 20 Feb 2023 | Business Operations, Business Planning
In a volatile market, keeping to a strategy, or let’s face it creating one, can be tough. The downside of not taking time out for your strategy is that there is a tendency to keep a short-term focus at an operational level to try and pick quick wins to generate...
by Canning Tax & Advisory | 20 Feb 2023 | Business Operations, Tax Compliance
Not being paranoid or anything but we were curious about the skills of the latest innovation to take the world by storm, ChatGPT, and its ability to work with the Australian tax system. Let’s start by saying that we were impressed. Not so much by ChatGPT’s ability to...
by Canning Tax & Advisory | 20 Feb 2023 | Business Operations, Business Planning
Let’s start with a definition of Bad Debt. Bad Debt is an amount of money a creditor must write off after a debtor defaults. Understanding and incurring bad debt is part of doing business… because there is ALWAYS a risk that payments won’t be collected,...
by Canning Tax & Advisory | 20 Feb 2023 | Business Operations, Business Planning
As Accountants we like to see highly efficient businesses… because that leads to more profit, a higher valuation and – usually – happier owners, managers and employees! Automation is one way to increase efficiency. The benefits of automation...
by Canning Tax & Advisory | 20 Feb 2023 | Business Operations, Tax Compliance
It’s that time of year again – what to do for the Christmas party for the team, customers, gifts of appreciation, etc. Here are our top tips for a generous and tax effective Christmas season: Tax & Christmas For GST registered businesses (not tax exempt)...
by Canning Tax & Advisory | 13 Dec 2022 | Business Operations, Business Planning
The Government’s ‘Secure Jobs, Better Pay’ legislation passed Parliament on 2 December 2022. We explore the issues. The Fair Work Legislation Amendment (Secure Jobs, Better Pay) Bill 2022 passed Parliament on 2 December 2020. The legislation is extensive and...
