Nearly 500,000 Small Business Trading Without Digitalisation

Nearly 500,000 small businesses across Australia are currently trading with little to no digitalisation measures, while 34 percent of business who have were found to be more profitable as a result.  On Tuesday 11th May MYOB published the findings of new research which discovered that 466,062 small and medium-sized businesses have been left in the […]

The Benefits of Embracing Digitalisation

The conception of digitalisation is something that thrills some business owners but at the same time frightens others just as much. If you run a business, many digitalisation options might have already been introduced into your business strategy. At the same time, you might also be hesitant to implement various elements of digitalisation. It is […]

The ATO Is Pursuing $172 Billion in Undeclared Contractor Income

The Australian Tax Office (ATO) has been tracing payments to contractors via the data from its taxable payments reporting system (TPRS). It is estimated that over 60,000 Australian business are yet to lodge TPARs for the 2019-20 financial year. The ATO has advised Australian businesses to come clean on the $172 billion worth of payments […]

Do The Assets In A Self-Managed Superannuation Fund Vest In The Trustee?

With the continued rise of Self-Managed Superannuation Funds (“SMSF”) bankruptcy trustees are frequently considering the effect bankruptcy has on the fund and if they have any interest in the fund.  A bankrupt needs to be aware that they cannot sit back and do nothing in order to protect their SMSF. SMSF and Bankruptcy SMSF’s are […]