Recent ATO guidance in relation to trusts, requires additional steps and considerations, as well as an increased focus on documentation and record-keeping.
To this end, we are now facilitating a comprehensive solution called Trust Evolve™.
https://t.co/toCkSMV3Xy
Working from home? Are you claiming your home office expenses on your tax return? The rules have changed for the 2023 Financial Year.
https://t.co/d7sP7vt6wt
Looking to sell up? Need a plan? Make sure to create a workable exit strategy, with a clear focus on driving value and delivering a solid return on your investment.
#business#sale#exitstrategy#CHNPartners
https://t.co/scNoEeuZAx
The temporary full expensing regime is here, and it may have ramifications for your business. Find out about the current rules and how you can pivot and take advantage.
#business#tax#depreciation#CHNPartners
https://t.co/l8Vml2TIDS
Understanding tax on super can be complicated. Make sure you get your ducks in a row!
Minimise your tax and make the most of super with simple strategies.
#super#superannuation#tax#CHNPartners
https://t.co/a6bma5Q6RY
Wakelin Property Advisory has become a trusted source of advice and expertise over the years, having assisted CHN Partners’ staff and clients with their property investment decisions.
For more information on their latest property report, head here - https://t.co/Bk3Q9wySDx
Got new employees? Do you know about the new choice of super rules? If you have new employees that don’t nominate a specific superfund, you may need to request their ‘stapled super fund’ details from the ATO.
#chnpartners#superannuation#super#employee
https://t.co/0rbfVZCial
Do you spend too much time on your accounts? It could be time to engage the services of a BAS agent to help you with bookkeeping and ATO reporting.
#chnpartners#business#tax#ato#BAS
https://t.co/FwEjRVxLUH
Working from home may mean you are incurring extra costs for power, internet and other work-related expenses. Are you claiming these expenses on your tax return?
#chnpartners#tax#workfromhome#ato#deduction
https://t.co/3bZjJcQjB1
New laws mean company directors need to get a unique director ID number from November 2021
Make sure you know about the new registration requirement to avoid any possible penalties.
#chnpartners#directorid#company#abn
https://t.co/B3YS84I5Ln
Single Touch Payroll Phase 2 has been postponed to January 2022. Changes will include more payroll detail and make it easier for employees to interact with Services Australia.
#chnpartners#payroll#stp#wages
https://t.co/3pLw5gp8t5
Stuck in lockdown and feeling frustrated? It could be the perfect time to do some planning. Having a plan, or just a couple of goals, can help you make better business decisions and sort out your priorities. #chnpartners#business#smallbusiness#planning
https://t.co/F3fZpfjZkK
Does your business have a disaster recovery plan? It’s important to have a watertight plan for overcoming any potential natural disasters.
#chnpartners#business#disaster#recovery
https://t.co/9bGGWKG3kJ
Almost half of all invoices are paid late and that can really impact your business. If you're tired of late payments, these 6 steps might speed things up. #chnpartners#cashflow#creditors#payment
https://t.co/g7I34lENsU
Need to rein in your expenses? Review your current costs, find the expenses that could be cut, and implement a proactive spend management program to reduce your spending.
#chnpartners#businessadvice#business#finance
https://t.co/DteyYT7jDE
Is your cost of goods sold (COGS) impacting your gross profit? Make sure you understand your goods-related expenses to drive a better profit margin on your products.
#chnpartners#business#expenses#COGS
https://t.co/4ItOw4LbKc
Stop putting off setting your small business budget! It’s a great way to eliminate wasteful spending and get to profitability faster. Setting a budget isn’t complicated but it can still help to involve an expert.
#chnpartners#budgeting#budget#business
https://t.co/4920Kcoi2u
Do you want to understand more about PAYGI and PAYGW? If you’re new to business or going to employ people, you’ll need to withhold income tax payments for employees and plan for income tax payments for your business.
#chnpartners#tax#incometax#payg
https://t.co/Teaao35HHj
Want to get in control of your business performance? Make sure to set your strategic targets, track the right numbers and monitor the important KPIs.
#chnpartners#KPI#business#businesstips#management
https://t.co/PI8vlBPSd5