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Introduction: ATO Bridging the Debt Gap The ATO’S post-Covid money grab Following our article posted 24th May 2022, here is an update of what we are seeing and hearing about the ATO and its new targets for 2022-2023. The ATO has made it known that the pandemic-era leniency is coming to an end – the ATO’s position is that “the COVID pandemic is over"!  Well, life must be back to normal then, right? We all know this is not true and the struggle for small businesses will be felt for some time to come. However, the pressure is on for the Government to replenish the coffers and part of their plan is to ramp up pressure on tax compliance areas.
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Cash Flow Tips With only 135 days until Christmas some of you may be planning office Christmas parties, while others may be concerned about their impending Christmas Cashflow. We have therefore put together some cashflow tips to help your business avoid the Christmas Cashflow Chasm over the December to February months when we all look to take a well-earned break.  What may cause a cash flow crunch over the festive period?
During December and January many businesses experience a slow period directly impacting on their cashflow. Many businesses see their sales and customers dramatically slow over the holiday period, some carry out planned shutdowns and for those who remain open, they operate on skeleton staff! How to set up your Director ID Directors are now required to register for a unique identification number that they will keep for life. What is a director ID? A director ID is a 15 digit identification number that, once issued, will remain with that director for life regardless of whether they stop being a director, change companies, change their name, or move overseas.  Directors are now required to register for a unique identification number that they will keep for life.
What is a director ID? A director ID is a 15 digit identification number that, once issued, will remain with that director for life regardless of whether they stop being a director, change companies, change their name, or move overseas. Don’t get caught out! There are changes in the domain space that require the attention of every business owner who has a .com and/or .com.au in their website or email domain name. For those of you with an existing .au domain (.com.au/.net.au) you will be given priority until the 20th September 2022.  If you don’t register for your exact name match by the cut-off date, the domain will become available to the general public!
Below is a step-by-step guide to participate in the Priority Allocation Process. |
AuthorHansens is a team of accounting professionals that love what we do. The observations and opinions in the articles written here, aim to challenge, inspire and provoke change into making your business better! Archives
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