Cloud Bookkeeping Blog

How to Update Your ABN

It can be an easy oversight to forget to update the ABN details in the Australian Business Register (ABR) when your business situation or circumstances change.

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When does a contractor become an employee?

The recent High Court’s approach provides greater certainty for businesses who have properly recorded their independent contractor relationships in written contracts that accurately reflect the nature of the relationship.

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How Quickly Does Large Business Pay Small Business?

The Payment Times Reporting Scheme aims to create transparency around the payment practices of large business entities.

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SME Loan Recovery Scheme Extended to June 2022

The SME Loan Recovery Scheme has been extended for another six months It was due to expire at the end of December 2021. The extension means loans under the scheme will remain available until 30th June, 2022.

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GST on Digital Subscriptions, Goods & Services Supplied to Australia

International digital goods and services supplied to Australia may need to register for GST. How to claim GST from overseas suppliers of goods and services.

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How to get DIN (Director Identification Number)? Mandatory Application

DIN (Director Identification Number) in Australia. What is it? What does it Mean? Application Process. Who needs to apply? Why?

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BAS Agent vs Bookkeeper. What is the Difference? Responsibilities

A Bookkeeper and BAS Agent play an integral part in any business. So what is the difference and what are their responsibilities?

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Super Guarantee to Increase to 10%

The minimum percentage employers are required to pay is set to increase over time, with the next increase to 10% due on 1st July 2021. This should be considered in part, a wage increase.

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Small Business (SME) Recovery Loan Scheme

The New SME (Small & Medium Size) Recovery Loan Scheme will Begin as of 1st April 2021 through to 31st December 2021.

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Guide to Small Business Cyber Security

The small business landscape is slowly being transformed as businesses continue to use the wealth of information and resources. Cyber security become very important.

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Insolvency reform declarations due

The reforms are intended to reduce the cost of external administration for small businesses and the compliance burden for insolvency practitioners, thereby assisting more businesses to remain viable or increasing returns to creditors and employees in situations where they are not salvageable.

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Are gifts to your employees, clients, and suppliers claimable as a business expense?

For gifts such as wine, food, hampers, vouchers, etc., these are not considered to be entertainment. A gift made to a former or current client if the gift is characterised as being made for the purpose of producing future assessable income.

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How to build COVID Safe Plan for your business

A COVID Safe Plan supports a business in the protection of its staff, customers, and visitors. It also prepares for a suspected or confirmed case of coronavirus (COVID-19) in a workplace.

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