Saving on insurance costs

The 2017 State Budget brought with it a change worthy of celebration for small businesses. The NSW small business exemption will mean that from 1 January 2018, small businesses will no longer have to pay stamp duty on certain types of insurance. The exemption applies to small businesses whose aggregated turnover is under $2 million. The types of insurance that the exemption will apply to include: Commercial vehicle insurance Commercial…  Read more

How long do I need to keep records for?

There is no such thing as a silly question, especially when it comes to record-keeping. Records are vital for both individuals and small businesses in ensuring their tax returns are prepared accurately, their figures can be backed, and the ATO won’t come chasing after them. Our clients ask us time and time again ‘How long do I need to keep records for?‘ so below we have compiled some information to…  Read more