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Director Identification Number (DIN) and its purpose
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Director Identification Number (DIN) and its Purpose

Date: May 6, 2022
Categories: Superannuation
You may have heard about the new rules which require directors of Australian companies to obtain a Director Identification Number (director ID). The new requirement to obtain a director ID also applies to individuals who have an SMSF with a corporate trustee, which is why we wanted to bring this new ...
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Artificial Intelligence and its impact on the Accountancy profession
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Artificial Intelligence and its impact on the Accountancy profession

Date: May 6, 2022
Categories: Business Service
Many of us believe that Artificial intelligence can completely change how one accountant works in the future. Still, the accountant and bookkeeper remain an essential part of the accountancy profession because the Digital tool can promote efficiency but won’t replace the profession.In 2015 the UK ...
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ATO Updates (May 2022)

Date: May 6, 2022
Categories: Monthly Update
FBT thresholds for year 2022-23Record keeping exemption – Increased from $8,923 to $9,181Benchmark Interest Rate – 4.52% unchanged FBT - Living Away from Home Allowance (LAFHA) – Reasonable amount for Meals for the Year 2022-231 Adult - $2892 Adults - $4343 Adults - $5791 Ad ...
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Why Expense Tracking is important for Small business?
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Why Expense Tracking is important for Small Business?

Date: May 6, 2022
Categories: Bookkeeping
At the beginning of a small business, paying a subscription fee for an expense tracker may not be feasible. In this case, small businesses can use an excel dashboard template to track their expenses. While the tracking will be manual, you will be on top of your finances.Why do you need Excel Dash ...
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