Insights
Insights & Updates
Tax, compliance and business advisory updates from the TNFG team — practical, plain-English, and specific to running a business in the Macedon Ranges.
Gisborne Small BusinessUnderstanding Your Business Series - 5 Effective Strategies to Reduce Your Business Overheads
5 Effective Strategies to Reduce Your Business Overheads Running a business invariably involves incurring various expenses or 'spend'. Regardless of whether your Gisborne or Macedon Ranges business is well-established or a burgeoning start-up, there will be costs, overheads, and supplier bills that
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Are You Ready? BAS & Super Payments are Due Soon
BAS & Super Payments are due soon! Goodbye summer break (can we call it summer in Gisborne??), hello to your business' first obligations of 2024... ⏰Your December quarter activity statement is due 28th February 2024 regardless of whether you lodge with an agent or yourself. ⏰ Your 1 October- 31 Dece
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Navigating the Latest Payroll Tax Updates for Your Medical Practice
Payroll Tax Updates for Medical Practices Revenue authorities in Queensland, South Australia, Victoria and NSW issued harmonised rulings that may subject many medical practices to payroll tax on practitioner payments. The rulings implied that payroll tax is likely to apply to payments made by medica
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Understanding Your Business SeriesUnderstanding Your Business Series - Plain English guide to cashflow
Plain English guide to cashflow What is cashflow? Cashflow refers to the movement of money into and out of your business over a specific period. In the most basic terms, cashflow is the process of cash moving out of the business (cash outflows), and cash coming into the business (cash inflows). The
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Gisborne Small BusinessDon't Miss a Beat: Important Tax Dates to Remember for November and December
Key dates for November & December With the year end approaching and businesses preparing for the holiday season it is important to keep your tax obligations in check and managing your workflow keeping the Christmas shutdown periods in mind. In order for you to be across your tax obligations, below a
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Tax Deductions Tips & TricksEverything You Need to Know About the ATO Agent Nomination Process
Because you are a new client, or your existing service arrangement with us has changed, you will need to nominate us as your official agent with the ATO - so that we can efficiently manage your tax and super affairs.
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Tax Deductions Tips & TricksUnpaid Taxes and Credit Reporting Agencies: ATO's Warning
Credit Reporting Agencies Be aware, the ATO is sounding the alarm about potential disclosure to CRAs (Credit Reporting Agencies). Learn what steps you need to take to prevent any adverse effects.
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Are You Prepared? Upcoming ATO Obligations for the Month Ahead
September BAS If you are lodging your own quarterly activity statement you need to lodge and pay by the 28th of October. If you lodge using our registered agent electronic services you will have until the 25th of November to lodge and pay 😉 Have you allocated all bank transactions to the correct ac
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Understanding Your Business SeriesUnderstanding Your Business Series - Reading A Profit and Loss Statement
. The
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Your upcoming tax calendar for September and October
In order for you to be across all your tax obligations, we have summarised all the key compliance dates coming up in September and October for you to diarise. We can't stress this enough - make sure these lodgements are up to date to avoid any interest and penalties. If you have questions or need he
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Claiming your bonus deduction for technology investment in the 2022–23 tax return
The small business technology investment boost wrapped up on 30 June 2023. For your 2022–23 tax return, we will be working with you to ensure you get the full bonus deduction that you are entitled to. Work through your next steps here. A bonus deduction may be available in this upcoming tax return f
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Gisborne firm changes everything for the better
, on our recent demerger and subsequent changes in technology and systems. This was such a great feature we wanted to share it with you but also highlight a few things. Firstly, unlike other accounting practices, at The Neill Family Group we don't just talk the talk when it comes to improving your b
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