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Email: office@aubreypaton.com.au

Address: 17D Chester Street, Oakleigh VIC 3166

Latest Accounting News
Hot Issues
Covid-19 resources
‘HomeBuilder’ grants now available.
JobKeeper documentation ‘absolutely critical’ in ATO audit
Tax Time Checklists - Individuals; Company; Trust; Partnership; and Super Funds
ATO updates JobKeeper compliance approach
COVID-19 hotspots - tax time 2020
$150k instant asset write-off set for significant drop
Tax reform to feature heavily in PM’s JobMaker plan
Jobkeeper Fraud warning
ATO extends initial JobKeeper payment deadline
Boosting cash flow - ATO
Our website, your resources
ATO releases JobKeeper alternative test
Temporary Working from Home Expenses Rule
Minimum Pensions Halved – 2020 & 2021
More coronavirus support for landlords, commercial tenants
COVID-19: Early Childhood Education and Care Relief Package
What Covid-19 relief packages mean to you.
Now I’m working from home, what can I claim?
Global statistics plus Covid-19 updates
ATO clarifies COVID-19 rent relief concerns
Banks to defer small-business loan repayments for 6 months
Historic $130bn wage subsidy to cover 6 million workers
Stage 2 – Covid-19 stimulus package.
Covid-19 Update - Small Business
PM launches $17.6 billion virus stimulus plan
SG amnesty bill passes Parliament
ATO flags most common SMSF return mistakes
Expected GDP by country 2010 to 2100
ATO expands small business review pilot
A resource hub for our clients.
Risks when dating documents in 2020
Australian Taxation Office (ATO) debts may affect your credit rating
Statistical picture of Australia - Update
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Articles

Christmas Parties - FBT & Income Tax
FBT - Christmas Parties and Taxi Fares
Superannuation Funds Allowed to Give Guidance
Plan for the Tough Times
Significant GST Benefit for Some Property Developers
Super Fund Binding Nominations - Maybe Not

Property Trusts Redemption Suspension

Would you want to be a Car Retailer?

Record Keeping in the Electronic Environment
Always lodge your Activity Statement - even if nil
Activity Statement Variations?  Act Now
Plan for the Tough Times
Some small business people have only known good times - and that's a potential problem

Australia came out of recession in the early 1990s and the country has enjoyed solid economic growth for most of the past 15 years, but now is the time to start thinking about how your business would fare in a tougher environment.

The many warnings include interest rate rises, fallout from the sub-prime mortgage market, slowing of Australia's mineral exports, labour and fuel increases.

None of this necessarily means a privately held business should assume the worst.  It does mean you should start weather proofing your business.

In good times businesses become slack about controllable costs, because the penalty for errors is reduced by the easy sale.

The response of many businesses during the last recession was to curtail their marketing budgets.

It was not considered critical and the benefits, if any, were sometime in the future (if at all).

When the economy picked up those businesses quickly discovered they had lost ground to their competitors because they had stopped promoting their business.

Could you hire casuals instead of permanent staff, until you get a feel for where the economy is going?

Major capital expenditure and pruning of stock levels is worth considering particularly if funding it with debt.

Debt reduction is worth consideration.

Good cash management is critical to small business, and early planning in tougher times is the key to good cash management.

 

 

 



21st-November-2008