A subcontractor statement refers to the written contracts that subcontractors provide to their principal contractor. These statements apply to a specified period of subcontracted work. As the principal contractor, you need to be careful about complying with the statutory requirements of these statements. Subcontractors declare through their subcontractor statements that they have met their Worker’s Compensation, Payroll Tax, and Remuneration … Read More
Dext: formerly known as Receipt Bank
As you may know, Receipt Bank recently announced their rebrand. Now known as Dext, the new name is a fusion of two words: the dexterity that accountants and bookkeepers bring to their client’s challenges and the next generation attitude that so many have. So, what does this mean for you? Jess Heapy, our ReceiptBank (Dext) 2020 Up and Coming Accountant, talks … Read More
Efficiency in business
A wise man once said, “Don’t confuse being busy with being productive – they’re not necessarily related.” There’s a lot you can do as a business owner. But the reality is, you can’t do everything. We often see business owners wearing multiple hats to fulfil different roles within their business at one time or another. But for your business to be an efficient, well-oiled machine, … Read More
2021 Fuel Tax Credit Rate Changes
Earlier this month, the Australian Taxation Office announced a slight increase to fuel tax credit rates in line with fuel excise indexation. Fuel tax credits rates change regularly so it’s important to check the rates each time you do your business activity statement (BAS), but this month, Kurt discusses the most recent changes that came into effect on February 1. … Read More
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