by Canning Tax & Advisory | 21 May 2024 | Tax Compliance
The revised stage 3 tax cuts have passed Parliament and will come into effect on 1 July 2024. Before the new tax rates come into effect, check any salary sacrifice agreements to ensure that they will continue to produce the result you are after. This is general...
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 | Tax Compliance
Environmental, Social, and Governance (ESG) issues are increasingly on the agenda for business leaders. What does this mean and what actions should be taken? Here are some considerations to guide leaders on this evolving topic. In recent years, Environmental,...
by Canning Tax & Advisory | 20 Nov 2023 | Tax Compliance
What can businesses do to protect themselves against this financial fraud? Here are some guidelines. In a world of digital financial networks and online commerce, the risks of cyber fraud are greatly increased. What is cyber fraud? Cyber fraud is criminal activity...
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
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...
