Posts

Are you taking data security seriously?

You’ve heard it all before: change your passwords, make them difficult to guess … blah, blah, blah.

But it’s well past the time for us all to take data security seriously. Cyber criminals are targeting Tasmanians and their businesses of all types and sizes. If you’re not looking after your and your customers’ data you could well be the next victim.

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FBT on portable electronic devices in 2017

The FBT exemption for small business employers providing work-related portable electronic devices to employees has been expanded in the 2017 FBT year (that is, from 1 April 2016).

Under the old rules, FBT exemption does not apply to multiple portable electronic devices provided to an employee in the same FBT year, where those multiple items have “substantially identical functions”. This “one device” limit still applies to employers that are not small businesses.

However, small business employers (that is businesses with an aggregated annual turnover of less than $2 million) can now access the exemption for more than one work-related portable electronic device, even where the devices do have “substantially identical functions” (such as the functions of a tablet and a laptop).

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Xero improves bulk changes to invoice reminders

Last week Xero released an enhancement to their invoice reminders. The release allows you to bulk-select groups of invoices to switch reminders on or off from the main Invoicing list.

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8 smart ways to manage your debtors for business success

Getting paid on time is critical to managing your small business’ cash flow. And, let’s face it, cash flow is critical to your business’ survival. Paying suppliers and salaries, investing in infrastructure and growth – if you don’t have the cash your business is in trouble.

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Tax and online fraud: protect yourself and your business

Since July this year, scams targeting both individual and business taxpayers have been running rife.

From fake Tax Office “delayed return” or “proof of identity” emails to telephone calls conveying similar requests, taxpayers have had to keep their guard up.  So how can individuals and businesses protect themselves from online fraud and crime?

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Victim of TFN identity theft? The taxman can help

Identity theft is such a threat nowadays that the Tax Office has set up a Client Identity Support Centre (find it here) to help taxpayers who have had their identities stolen or misused.

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How can your business claim website costs?

Your business can claim website development and maintenance costs under various tax rules.

As a business owner you probably know by now that you need a website; whether to display your credibility, ensure you are accessible, target a wider audience, showcase your work or transact with your customers. Since most consumers now search online before making a purchase decision, a professional-looking site is important.

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Single Touch Payroll questions answered: Have your say

When the Single Touch Payroll initiative was first floated at the end of 2014, it was touted as a tool that would eliminate several red-tape producing processes and do away with the need for many reporting demands presently dumped on small business owners.

It is called “single touch” because the interactive online tool is intended to fulfil all business reporting obligations (payment summaries, superannuation contributions, pay-as-you-go withholding and so on) “at the touch of a single button” the government announcement said.

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Single Touch Payroll put on back burner: Relief for many small businesses

Since the announcement of Single Touch Payroll (STP) late in 2014, the government says it has been working closely with both software developers and businesses to help it understand the affects the initiative will have in the real world.

Feedback to date has informed government that the proposed start date of July 2016 will simply not be achievable, especially for small and medium sized businesses. There were also concerns regarding resulting cash flow issues.

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10 technology mistakes your small business might be making (and how to avoid them)

While technology can streamline business processes, it can also create major problems. Technology and working-life website, Lifehacker, has come up with what it says are 10 of the most common mistakes, in no particular order, that small businesses make in IT. Thankfully, it also suggests how to avoid them!

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