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RADA Annual Day and Award – 2022

Date: September 13, 2022
Categories: Corporate, Team
Our event started off with Lamp lighting symbolizing abundance, prosperity, and knowledge in the spirit of all women. Gunalan, an active member of our Dance & Music club called Bendigo beats, welcomed us with a nice song setting the tone for the program.  Our CEO, Jonah Stephen, ...
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ATO Updates (September 2022)

Date: September 12, 2022
Categories: Monthly Update
Grants received by small businesses and primary producers by Cyclone Seroja (April 2021) are non-assessable and non-exempt income. It applies to grants paid in 2021-2022 and later income years.Treasury has released draft legislation, and the Government of Australia has agreed to amend Australian dom ...
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Director Identification Number (director ID)

Date: September 12, 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). It is a unique 15-digit identifier that directors apply for once and keep forever.The following provides some useful further information.As a director o ...
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How to keep rental property records ready for Tax returns?

Date: September 12, 2022
Categories: Financial Planning
Keep records of both income and expenses relating to your rental property.Records of rental expenses must be in English or be readily translatable into English and include the:name of the supplieramount of the expensenature of the goods or servicesdate the expense was incurreddate of the document.If ...
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Business Advisory Services

Date: September 12, 2022
Categories: Business Service
Business needs advisory services at all stage of their growth. Small, and medium accounting firms can provide advisory services to their client beyond their regular compliance and other regulatory requirements.In general, more accounting firms have created or are interested in creating a more divers ...
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STP Phase 2 reporting

Date: September 12, 2022
Categories: Bookkeeping
Introduction:The official start of STP Phase 2 was 1 January 2022. The introduction of the STP Phase 2 was delayed until 1 October 2022. The government requires you to accept STP Phase 2, there is no choice.STP Phase 2:It is the latest version of existing STP reporting. The payrun ha ...
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Superannuation Death Benefits

Date: August 9, 2022
Categories: Superannuation
In order to ensure that the right assets go to the right beneficiaries, you need to sort out your estate plans regardless of the size of your superannuation benefits. You will need to get holistic estate planning advice and have arrangements in place to review your estate plans regularly.The rules o ...
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How ASIC regulates Insurance?

Date: August 8, 2022
Categories: Financial Planning
Resolving problems with insurance companiesThere are three steps you can take to resolve issues with your insurance company:Contact the insurer - Explain the issue to them by phone, in person, or in writing.Make a formal complaint - If you are not happy with their response or if the problem c ...
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Bookkeeping for Cryptocurrency

Date: August 8, 2022
Categories: Bookkeeping
The best way to do the bookkeeping for Cryptocurrency is to record every transaction related to Cryptocurrency. This will look like a very long process, but it will reduce our time while reporting. Record Cryptocurrency: Debit your cash account if you are selling it for currency. Create a new cryp ...
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Business Viability Assessment

Date: August 8, 2022
Categories: Business Service
Inflation in Australia is the highest it has been since the early 1990s. The Australian economy is expected to continue to grow this year, too, so with this highest inflation in place, it’s important to assess the viability of the business.Business viability refers to a situation in which a busine ...
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