Golden Signatures: The Power of Solvency Declarations
Golden Signatures: Why Solvency Declarations Aren’t Just Paperwork Every year, company directors receive a solvency resolution to pass. Many brush it off as just another formality. But this golden slip of paper carries serious legal weight—and can either protect or expose directors depending on how it’s handled. What Is a Solvency Resolution? A solvency resolution […]
The Key Role of Tax Planning: Take Charge Now
Turn Tax Time into a Golden Opportunity with Smart Tax Planning When it comes to tax time, many business owners feel overwhelmed. But with professional tax planning services, you can turn this challenge into a golden opportunity. At DJ Grigg Financial, we believe smart, proactive tax planning isn’t just for the end of the financial […]
Strike Gold Varying PAYG Instalments
Strike Gold with Varying PAYG Instalments: A Smart Move for Business Owners Running a business is like mining for gold—you work hard, adapt, and aim for a gleaming reward at year’s end. For Australian business owners, managing cash flow is vital to success. One golden opportunity to achieve this is by varying your Pay As […]
Automating Bank Reconciliations – How and Why?
The Gold Standard for Efficiency: Automating Bank Reconciliations Keeping your business finances in order is essential. But let’s be honest—manual bank reconciliation is a tedious process. It’s like panning for gold, sifting through endless transactions to find a match. The good news? Automation can turn this time-consuming task into a seamless process, saving you hours […]
Contractor or Employee – Find the Right Fit
Contractor or Employee: Making the Right Choice for Your Business Determining whether to engage a worker as a contractor or an employee is crucial for Australian businesses. It’s not just a legal requirement; it shapes working relationships, impacts employer obligations, and ensures fairness for workers. But how do you make the right decision? Let’s break […]
ATO Targets Late BAS with Monthly GST Reporting
ATO Crackdown: Non-Compliant Businesses Face Monthly GST Reporting from ATO More frequent BAS, bigger bookkeeping bills — why staying compliant with monthly GST reporting is now the gold standard for small business. ATO Gets Tough on Late BAS Lodgers The Australian Taxation Office (ATO) is sharpening its focus on businesses that fall behind on their […]
Tax on Superannuation 101
Understanding the Basics: Tax on Superannuation Superannuation is the golden ticket to a secure retirement, but understanding how it’s taxed can feel overwhelming. The good news? The Australian super system is designed to be tax-efficient, helping you maximise your savings over time. Let’s break it down into simple terms so you can make informed financial […]
FBT Return – To Lodge or not to Lodge?
Should You Lodge an FBT Return? The Golden Rule for Staying ATO Compliant Fringe Benefits Tax (FBT) might not be top of mind for every business owner, but overlooking it can lead to costly mistakes. Lodging an FBT return isn’t just about compliance—it’s a safeguard for your business. So, should you lodge an FBT return, […]
Fringe Benefits Tax (FBT) 2025
Fringe Benefits Tax (FBT) 2025 The Fringe Benefits Tax (FBT) year ends on 31 March. We’ve outlined the hot spots for employers and employees. Important FBT issues FBT Exemption for Electric Cars Employers that provide employees with the use of eligible electric vehicles (EVs) can potentially qualify for an FBT exemption. This should normally be […]
Protect Your Business from Payment Redirection Scams
A Costly Mistake: The Rise of Payment Redirection Scams Scammers are getting smarter, and businesses are paying the price. Payment redirection scams cost Australian businesses millions every year. In 2022 alone, payment redirection scams cost Australian businesses $224 million, with small and micro-business losses increasing by 95% from the previous year. A recent Western Australian […]