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 | 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...
by Canning Tax & Advisory | 14 Nov 2022 | Business Operations, Business Planning, Succession, Tax Compliance
The value of cryptocurrency assets inside Australian self managed superannuation funds (SMSFs) increased by 589.9% ($1.17bn) between June 2019 and June 2022, according to the latest ATO statistics. While cryptocurrency is a relatively small asset class at only 0.16%...
by Canning Tax & Advisory | 14 Nov 2022 | Business Operations, Business Planning, Tax Compliance
In September, amid a climate of startling interest rates, UK Chancellor Kwasi Kwarteng announced a series of tax cuts, including the reduction of the top personal income tax rate that applies to those earning more than £150,000 from 45% to 40%. Just ten days later,...
by Canning Tax & Advisory | 14 Nov 2022 | Business Operations, Business Planning
Low interest rates have been a mainstay since the global financial crisis of 2008. When the pandemic hit, Governments pushed stimulus measures through the economy and central banks reduced interest rates even further. Coming out of COVID, housing market demand was...
by Canning Tax & Advisory | 14 Nov 2022 | Business Operations, Business Planning
The Optus data breach is top of mind for a lot of Australians, particularly those who have had their data breached. For business, the breach is a timely warning on the importance of understanding what data is held on your customers (and should you hold it?), how it is...
