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Tag : Small business

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Human cost of late payments

Posted on 10/07/2019 by Omnis Group

Late payments affect business from financial and operational perspective It’s an issue that’s close to our hearts and a conversation that matters. But another conversation, one that’s often lost amid Read More…

Posted in Cloud Accounting | Tagged automation, balance, best practice, business payment terms, debtors, Small business, Xero

New rules for immediate write-offs

Posted on 01/07/2019 by Omnis Group

Recent changes for immediate write-off rules Small business entity (‘SBE’) taxpayers who choose to depreciate their assets under the simplified depreciation rules are entitled to an immediate deduction with respect to Read More…

Posted in Business Accounting & Taxation | Tagged assets, deductions, depreciation, instant asset write-off, Small business

Business structure set up

Posted on 12/06/2019 by Omnis Group

Setting up a business structure If you are starting a small business you will need to work out which type of business structure to use. We explain the benefits and Read More…

Posted in Business Advisory & Strategy | Tagged ASIC, companies, Small business, structure, Trusts
cash flow

ATO cash economy

Posted on 13/05/2019 by Omnis Group

Continued focus on the cash economy ATO Assistant Commissioner Peter Holt has announced that, in the 2019/20 financial year, the ATO will be visiting a further 10,000 small businesses across Read More…

Posted in Business Accounting & Taxation | Tagged audit, Australian Tax Office ATO, benchmarks, black economy, business activity statement BAS, Cash flow, Small business

Small business instant asset write-off

Posted on 15/04/2019 by Omnis Group

Changes to the small business instant asset write-off On 29 January 2019, the Prime Minister announced that legislation will be introduced to: extend the small business instant asset write-off by Read More…

Posted in Business Accounting & Taxation | Tagged instant asset write-off, Small business
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About Us

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