The ATO has just released Tax Determination TD 2015/16 announcing the car limit for 2015/2016. The car limit remains unchanged at $57 466. This limit is relevant for working out the depreciation and GST claims on cars. Note it is not relevant for the purposes of Luxury Car Tax; which is a separate threshold. GST […]

SuperStream Deadline Extended

If you handle payroll and superannuation, the ATO has just announced that it has extended the deadline for larger businesses to comply with SuperStream. Employers with 20 or more employees were required to be SuperStream compliant by 1 July 2015.  However the ATO has now extended this deadline for employers who are not ready by four […]

Inventory Managment: Critical for business success

What is Inventory Management? Inventory management is the process of efficiently overseeing the constant flow of units into and our of an existing inventory. It is a ubiquitous part of retail business. But few business owners understand its critical importance. In any business or organisation, all functions are interlinked and connected to each other and […]