Thinking of a big Christmas party/gift? Think again!

With the silly season fast approaching and the annual Christmas party up and coming, we wanted to bring to your attention some of the tax consequences during the festive period. Along with income tax and GST, there is Fringe Benefits Tax (FBT) to consider and often gets overlooked when providing numerous benefits to employees. FBT […]

Director ID

Director Identification Number A Director Identification Number (Director ID) is a unique identifier that a director applies for once, which then remains with them forever. It is a 15 digit identifier to ensure the verification of a director’s identity with the Australian Government. If you are a director of any company, you will need to […]

Stapled Super Funds

Attention all Employers: Stapled Super Funds From 1 November 2021, if a new employee comes on board and doesn’t choose a superfund, you may need to contact the ATO to request their ‘Stapled Super Fund’ details. Directly from the ATO: ‘A stapled super fund is an existing super account which is linked, or ‘stapled’, to […]

Premier Electrical Services (WA)

“Since making the long overdue switch to Connolly & Assoc we have gained a fountain of experience, know-how and expertise to navigate our business growth in a healthy and sustainable manner. Their fantastic team, headed by Tony has helped light a fire in our belly and we are already seeing the rewards after just 6 […]

Electricity rebate

business electrical rebate

The WA Government has recently announced another stimulus for small businesses here in WA. A $500 electricity credit is available to eligible businesses and charities for use of commercial premises, including mixed-use with residential property. Unlike the automated credit issued to businesses during COVID last year, an application must be completed and lodged with the […]

INSTANT ASSET WRITE OFF INCREASED TO $150K

Growing a business perth 150k tax write off

One of the governments forgotten stimulus package offerings has gone unnoticed and yet presents some great opportunities. OK so the new asset write off has gone from $30K to $150K. The reason we’ve not paid much attention is that who is going to spend $150K on CAPITAL EQUIPMENT today or in the near UNCERTAIN FUTURE? […]

Superannuation Guarantee Amnesty

market for your business

Have you paid all of your SGC (superannuation) for all of your employees for all time? The ATO has discovered a large problem with employers not paying employees appropriately and as a result SGC has not been paid. Additionally some employers have not been remitting the correct SGC. This is treated as theft and as […]

The End of AUSKEY, and the introduction of myGovID

MygovID Introduction

It is not that daunting! From the end of March 2020, AUSKEY will no longer be available to access government online services such as the Business Portal. There is currently a lot of confusion regarding these government platforms and identification methods. This article will serve as a guide on how to get your myGovID, and […]

Warning – Workers Compensation Responsibilities.

business success workers compensation

Do you have a valid workers compensation policy? With Single Touch Payroll now in full effect, the ATO aren’t the only government body who are monitoring your business’s payroll data. It was Workcover WA who recently audited a family businesses STP declared wage data, in regards to Workers Compensation compliance. The business employed two minor […]