You’re busy, business is hectic, and a few things have fallen behind, so the next thing that enters your head is what happens if I pay an employee’s super late? Although it’s not the best situation to place yourself or your business in, there are some solutions. To find out more, continue reading below or…
When it comes to estate planning – do you have everything in order? In this latest blog, Confidential Tax & Business Services outline the importance of everything you should consider when discussing and planning your estate. To find out more, continue reading below or get in touch with CTBS by phoning us on 07 3267…
It has been a tough time in Australia recently and with the spirit of the country high, many have chipped in and made financial contributions – so are are bush fire donations tax deductible? To find out more about the tax implications of bush fire donations, continue reading below or get in touch with Confidential…
If the end of the financial year rolls around and you start to panic searching for all your paperwork, the following advice may be just what you need. Confidential Tax & Business Services on Brisbane’s northside have compiled 3 tips for getting your finances in order before tax time. To find out more continue reading…
In this short blog, CTBS Director, Tim Wilshire shares how important it is to have Income Protection, Sickness and Accident Insurance. AT CTBS we can’t emphasise enough how important having income protection insurance is. It can play a very important part in a individual’s cashflow – if they were to have an accident outside the…
In this short blog, CTBS Director Tim Wilshire shares why every North Brisbane small business needs Single Touch Payroll (STP) in 2019 – and 3 easy steps to get ready for this change! What is Single Touch Payroll? Single Touch Payroll is a Government initiative that will change the way you report on your payroll…
CTBS was proud to be a supporter of the 5th Annual Brisbane City Apex Charity Golf Day held on August 3, 2018 with our very own Tim Wilshire, the Charity Golf Coordinator. Held at the Keperra Country Golf Club and raising funds for four important not-for-profit organisations – the Leukaemia Foundation, Royal Guide Dogs of…
The Government has extended the $20,000 immediate write-off for small businesses to 30 June 2019. All entities carrying on a business with an aggregated turnover of less than $25 million are eligible for this small business concession. Small business entities can also apply the simplified depreciation rules, which include: Depreciating assets valued at less than…
Under the taxable payments reporting system (TPRS), businesses are required to report payments they make to contractors to the ATO. This was introduced to improve tax compliance in the building and construction industry. As part of the 2017/18 Federal Budget, the Government announced that it would extend the TPRS to the cleaning and courier industries,…
Bitcoin trading is new. What happens with Bitcoin and your tax return? ATO Provides guidance on Cryptocurrencies Bitcoin is a global digital currency that was created to provide an alternative, online payment system that operates independently of a central bank. Bitcoins can be mined but are most commonly acquired through a broker or bitcoin exchange.…