Michelle

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So far Michelle Little has created 53 blog entries.

Economic stimulus package

This week the Morrison Government announced a $17.6 billion economic stimulus package to support Australian businesses as we are dealing with the significant challenges posed by the spread of the coronavirus. The package has four components: Supporting business investment Providing cash flow assistance to help businesses Targeted support for the most severely affected sectors, regions [...]

2020-03-18T13:13:12+08:00March 18th, 2020|

Coronavirus – How will this affect my small business?

The Coronavirus outbreak in China, which is now spreading throughout the world, has forced millions of people to stay at home and not travel which will have an obvious knock-on impact on the economy here in Australia. While the full financial impact of the outbreak on global business is still revealing itself let’s take a [...]

2020-03-15T14:31:02+08:00March 4th, 2020|

Superannuation obligations & you – the ATO is watching

With the roll-out of Single Touch Payroll (STP) now finalised for many employers, it’s never been a more important time to ensure that you’re complying with your employee obligations. The Australian Taxation Office (ATO) now have more information than ever before including detailed records of payments made to employees in real time. Given we consistently [...]

2020-02-19T15:15:21+08:00February 19th, 2020|

Tax sting on Australian Expatriates Main Residence

The re-introduced legislation to remove the Capital Gains Tax (CGT) main residence exemption for foreign residents has been passed by the Parliament on 5 December 2019 and is now awaiting Royal Assent. Let’s look at how this may affect you. The proposed legislation was originally introduced by the Government in February 2018 but had lapsed [...]

2020-02-04T14:16:58+08:00February 4th, 2020|

Does my Startup really need a Bookkeeper?

The straight answer? YES! One of the first things on your Startup list should be to hire an experienced Bookkeeper. An NCABooks Bookkeeper will not only provide these baseline services (bookkeeping, software advice) you require all year round, but so much more! They will help you reduce risk such as employment risk and ATO risk, [...]

2019-11-27T13:35:45+08:00November 27th, 2019|

Improving cash flow: How to get paid faster

  Maintaining positive cash flow can be challenging for small businesses, whether you’re just starting out or have been running your company for years. The difficulty often comes down to waiting for clients to pay their invoices. One or two chronic late payers cost valuable time and money when you have to chase them down; [...]

2019-11-13T15:00:20+08:00November 13th, 2019|

Contractor or Employee? – getting it wrong can cost you

  It is a common oversight by many business owners in that they believe that engaging a contractor automatically means that they are not responsible for paying any super entitlements or withholding tax. This isn’t necessarily correct, and in fact the ATO and the Office of State Revenue looks closely at the true relationship between [...]

2019-10-17T14:59:23+08:00October 17th, 2019|