The Federal Budget was handed down on the 9 May 2023, outlining a number of changes that impact businesses, tax & superannuation. Check out this months edition of Tax Matter to see how this budget might affect you and your business.

In this month's edition of Business and Profit Matters we look at ESST's (Electronic Sales Suppression Tools) used to manipulate sales records and avoid paying tax. Did you know that it’s not only accepting cash-in-hand payments that businesses might use to avoid paying additional taxes? The Australian Taxation Office has warned businesses that may be doing the wrong thing (intentionally or unintentionally) after a series of raids on businesses concerning ESSTs. We also look at how your business can access Small Business Tax Concessions, Record Keeping questions we're often asked and more.

In our first Business and Profit Matters newsletter for 2023 we take a look at Mental Well-Being Tips For Employers and how employers can bring mental well-being and health to the forefront of your organisation’s culture to ensure your staff are at their most productive and supported and what you need to know about the Industrial Relations Reforms, the bill passed in December 2022 and and targets closing the gender pay gap, expanding multi-employer bargaining and bringing in flexible rostering rights

The end of the year might be the time that you look for ways in which to say thank you to your hardworking employees, especially after the ongoing business challenges that may have emerged over the past 12 months we take a look at the FBT implications for your business. While the Federal Budget For 2022-2023 did not provide a buffet of announcements, there were some key measures announced of interest to businesses and individuals. We also look at charitable donations and other tax benefits available for donations besides a straightforward deduction.

In the October edition of Business & Profit Matters we look at Consequences of Not Having A DIN When Setting Up A Company. We also take a look at the information we need to complete your BAS as well as OHS requirements for staff working from home and privacy requirements for your customer data.

In this issue RTB Accounting Group takes a look at Wage Theft: Financial Crime Or Payroll Mistake? Public discourse around wage theft generally devolves into accusations of big businesses ripping their employees off intentionally, but many other instances of the crime occurring are inadvertent, due to the complexity of Australia’s payrolling system. We also investigate How Could Your Business Handle Mounting Costs As Interest Rates Rise and What’s New This Financial Year For Superannuation & Your Business?