Capitaleyes Latest Accounting News

It’s common for small businesses to struggle when understanding their financial data.  Cash flow needs and a Profit and Loss statement are analysed more often a business owner and so, understood better.  
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The ATO is reminding businesses to lodge their tax payable payment annual report by 28 August after issuing around $9 million in penalties in the five years to 2023.  
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The lower risk profile of small practices means they should not face the same scrutiny as larger ones, the NTAA says.
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  The Tax Office will acquire property management records to clamp down on taxpayers misreporting rental income and deductions.
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The Australian Securities and Investments Commission (ASIC) has issued a scam alert warning consumers that there has been an recent increase in the use of ASIC’s logo in social media scams. ASIC’s warning to consumers covers three main areas of concern.
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The new financial year has begun, and with it have come some important changes to superannuation from 1 July 2024. With these changes coming into effect, it’s a good time to give your super a check-up.
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Travellers who mix business and pleasure will face increased scrutiny as the Tax Office cracks down on work-related expenses.  
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The June quarter inflation data is likely to see the RBA keep rates on hold next week, economists predicted.
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An industry body warns strong take-up will only continue if the generous tax break remains.  
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Casual employment is set to change again after Amendments to the Amendments to the Fair Work Act 2009 (Cth).
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Having good working relationships with your suppliers is vital to ensure your business runs smoothly.
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If you run a business for any length of time, you will likely get involved with disagreements and disputes with your associates, whether they be customers, employees, suppliers or competitors.
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