Business

As a small business owner, staying competitive and keeping up with the latest technological advancements is crucial for success. That’s why we are excited to share two new initiatives that can help boost your small business’s growth and efficiency. The Small Business Technology Investment Boost and the Small Business Skills and Training Boost offer bonus …

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The uncapped Instant Asset Write-Off ends 30th June 2023. If you have been thinking of buying an asset for your business now is the time! But remember, you must ensure the asset is first used or installed ready for use by 30th June 2023 or you can’t claim it. As announced in the latest Federal Budget, …

INSTANT ASSET WRITE OFF – TIME IS RUNNING OUT! Read More »

The Australian Taxation Office will acquire residential investment property loan (RIPL) data from financial institutions and use this information to identify individuals who may not be correctly reporting rental property interest deductions and net capital gains.   RIPL data will be compared with claims a taxpayer makes in their rental property schedules and rental tax …

WARNING – YOU’VE BEEN WARNED!! Read More »

The annual Christmas party could cost your business a lot more than anticipated! Beware of FBT this festive season. “Smart Company” and “Not so Smart Company” invited their employees to their respective annual Christmas parties held off business premises. Both used an external event management provider. In both instances, transport to the venue from the …

The annual Christmas party could cost your business!! Read More »

The deferral date for Single Touch Payroll Phase 2 is fast approaching. All MYOB users must be compliant with Single Touch Payroll Phase 2 as of 1 January 2023. Our dynamic Bookkeeping team at Henson Lloyd are more than happy to take on this task for you, and ensure you are compliant by the deadline. …

Attention all MYOB Users! Read More »

The Cisco Kid, one of Wayne’s favourite shows from the 1960’s. Vulnerability of SME’s Small businesses frequently feel immune to cyber threats. They believe their relative obscurity keeps them beneath the radar of malign criminals. Unfortunately, this is not the case. A recent study by Cisco found that more than 50 per cent of Australian …

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