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Expert Advice
Under laws introduced in 2019, the Australian Taxation Office (ATO) is now issuing warning notices to businesses with tax debts above $100,000 that are now 90 days or more overdue. Business owners have 28 days to engage with the ATO to discuss a payment arrangement or face having the debt disclosed to credit agencies. While it may seem like a...
News
Beyond the masks and tests, it has been a challenging 12 months for those on the front line of health, and while there has been a lot of praise and support for hospital workers, medical practice owners have also been doing it tough. Usually owned and run by the general practitioners who work in them, general practices have been hit...
Expert Advice
With a COVID-19 vaccine on the horizon and Canberra businesses finding their feet, a post-pandemic ‘new normal’ is finally becoming a reality. Financial advisers say the new business landscape will require some adjustments, including developing strategies for managing cashflow and profitability – especially businesses that have been supported by JobKeeper, which is due to end in March. RSM in Canberra...
Accounting
Having to declare bankruptcy is a scary proposition for many. And while no one ever wants to find themselves in a situation where there’s no other alternative, sometimes life’s events simply make it inescapable. Unfortunately, small business owners make up a high percentage of those who end up filing for bankruptcy or personal insolvency in Canberra. Poor cash flow, bad...