Outdated business systems can cost millions from what has been seen in a recent study by Forrester. As most people carry out their business on-premises in Australia, the benefit of modern technologies and solutions are missed out. The study finds…
We know times are tough, and we all may need a little bit of extra help. In this global pandemic the NSW Government and the Australian Government will provide financial assistance and support if you have been impacted by COVID-19…
You might provide your employees with benefits other than their salary or wages in your business. Non-cash benefits provided to employees or associates of employees are fringe benefits. This is different to when you pay money to your employees. Where…
As we approach the end of the tax year, it is important to become adjusted with any new taxation changes coming about from various factors, especially COVID19. This will help to maximise your tax efficiency for the outgoing tax year…
When you sell property as part of your business, you must pay GST(Goods and Services Tax). The GST you are obliged to pay can be calculated through the process of margin scheme, which can only be applied if the sale…
As we all know, the Business Portal and electronic superannuation audit tool (eSAT) are going to be discontinued soon, it’s high time for your business to switch to online services. SMG can assist you in smoothly switching over to the…
The Australian Taxation Office (ATO) will now be moving from paper to electronic lodgement of activity statements. It has been recently announced that taxpayers will need to lodge their activity statements electronically and their paper activity statements will no longer…
Whether it’s regarding a startup or a small business or an established firm, bookkeeping becomes an important and a routine task to be attended to. SMG offers you convenient bookkeeping services with reduced time and flexible control options. Our team…
The Australian taxation system is a mix of direct and indirect taxes charged by both the Commonwealth and State governments, depending on the type of tax. Income tax is the most important form of taxation in Australia, collected by the…
Accounting is one of the most important functions of any business or organization. It is not just about entering data into an accounting system. There are many legal aspects which need to be considered while making books of accounts for…