Changes in annual reporting requirements for not-for-profits
From 2023-24 income year onwards, an NFP that has an active Australian business number (ABN) is required to lodge an NFP self-review return
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Arrant Accounting Solutions
May 62 min read
Your upcoming tax calendar for May and June
As we move into the business end of tax planning for 2024, here is a list of key tax dates for May and
June 2024. Be aware of your upcoming
Arrant Accounting Solutions
Apr 12 min read
Tax deductions to be denied for interest charged by the ATO
Starting 1 July 2025, deductions for ATO's GIC and SIC will be disallowed to encourage timely and accurate tax payments.
Arrant Accounting Solutions
Mar 301 min read
Directors Who Have Not Met Their Obligations
The Australian Business Registry Services (ABRS) continues to engage with directors who haven’t met their obligations, and if you are a...
Arrant Accounting Solutions
Jul 17, 20233 min read
Navigating Business Compliance in Australia: The Importance and Consequences
Running a business is no small feat, especially for small business owners who pour their hearts and souls into their ventures. We...
Arrant Accounting Solutions
Jul 7, 20232 min read
Understanding the Difference: Statutory Accounts vs. Management Accounts for Compliance and Informed
As a business owner, you are aware of the necessity to produce accounts for your company. However, it is crucial to understand the...
Arrant Accounting Solutions
Jun 9, 20232 min read
Tax Tips for small businesses 2023
Are you claiming business tax deductions correctly?
Arrant Accounting Solutions
May 17, 20231 min read
Changes to the frequency of superannuation payments
As part of the 2023-24 Federal Budget (9 May 2023), the federal government announced "payday super", which will require you to make...
Arrant Accounting Solutions
Mar 3, 20232 min read
Could outsourcing help you grow your business?
When you run a small business, the amount of work can ebb and flow. Unexpectedly busy periods can create too much work and stress for a...
Arrant Accounting Solutions
Feb 14, 20232 min read
Paid Family and Domestic Violence Leave – New Entitlement Rules
Employees of non-small business employers can now access 10 days of paid family and domestic violence leave in a 12-month period....
Arrant Accounting Solutions
Dec 15, 20222 min read
'Tis the Season
Christmas is fast approaching, and with it comes the obligatory public holidays for all businesses to navigate. Below is an outline,...
Arrant Accounting Solutions
Nov 25, 20222 min read
Christmas Parties and Presents - and Tax!
Christmas is a great time to acknowledge and reward your employees and other associates by celebrating and giving gifts. But don’t get...
Arrant Accounting Solutions
Jul 2, 20223 min read
5 Accounting Tips to Start Your New Business Off on the Right Track
When starting a new business, it's critical to get the foundation right. Your journey as a business owner will be much smoother and...
Arrant Accounting Solutions
Dec 15, 20212 min read
Do Your Employees Want to Cash Out Annual Leave? Here’s the lowdown.
Are your staff asking to cash out annual leave? There are some important rules to remember before paying out annual leave. Firstly, you...
Arrant Accounting Solutions
Nov 15, 20212 min read
When Can You Deduct Money from an Employee’s Wages?
There are only a few situations where you can lawfully deduct money from an employee’s wages. Make sure you check what’s allowed before...
Arrant Accounting Solutions
Nov 9, 20212 min read
The benefits of engaging a BAS Agent for your business
Working with a BAS agent can benefit your business more than you may realise! Many business owners starting out try to save on costs by...
Arrant Accounting Solutions
Oct 26, 20212 min read
Company Director? You’ll need a Director Identification Number
The government has initiated a new system that attaches a unique identifying number to an individual who is a company director. If you...
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