A brief summary of the Australian Federal Budget 2018 - 2019.

The holiday rush can be your most profitable time of the year so long as your small business is set up for success in the Christmas period. 

The holiday period is the perfect time to declutter your documents but avoid throwing out those essentials you need to keep. 

A breach in your security systems or failure to backup could jeopardise your business’ productivity and profitability. 

The Christmas party is a joyous event, but it is also a work-sponsored function, and you have a duty of care to provide to your staff on the night. 

Avoid leaving your business’ future in the dark by understanding your rights when your lease is up for renewal. 

The holiday season is an opportunity to reward your employees for their hard work throughout the year; however, it is important to be aware of the tax implications involved. 

Letting your employees work from home can boost productivity levels and job satisfaction, but it also opens your business up to new risks that must be covered by your insurance policy. 

From 4 October 2018, the Government has banned taxpayers from using electronic sales suppression tools (ESST) in all activities that relate to their Australian tax obligations. 

Businesses are eligible for the small business capital gains tax (CGT) concessions, provided they satisfy several conditions that are common to all concessions.