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 | 20 Dec 2023 | Business Operations, Business Planning, Team Developement
Recruiting employees is challenging for many businesses. Leaders need talented and loyal teams… So how are they responding to the changing recruitment landscape? Here are some recent trends. 1. Virtual Recruiting Virtual recruiting has taken hold. It was once...
by Canning Tax & Advisory | 29 Sep 2023 | Business Operations, Business Planning, Tax Compliance
1. Audit your tech stack The first step is to understand where you’re spending money now. Sometimes IT expenditure grows because of once urgent needs, one-off projects or even failed initiatives. This results in redundancies such as multiple applications doing the...
by Canning Tax & Advisory | 29 Sep 2023 | Business Operations, Business Planning, Tax Compliance
All businesses should review their expenses periodically. Prudent expense management helps ensure that valuable cash resources are used wisely. And sometimes, a business may NEED TO reduce expenses as a matter of survival. No matter what the circumstances, here are...
by Canning Tax & Advisory | 29 Sep 2023 | Business Operations, Business Planning, Tax Compliance
You’ve got a block of land that’s perfect for a subdivision. The details have all been worked out with Council, the builders, and the bank. But, one important aspect has been left out; the tax implications. Many small-scale developers often assume that their tax...
by Canning Tax & Advisory | 29 Sep 2023 | Business Operations, Business Planning, Tax Compliance
The proposed objective of superannuation released in recently released draft legislation is: ‘to preserve savings to deliver income for a dignified retirement, alongside government support, in an equitable and sustainable way.’ The significance of legislating the...
