Cessnock Business e-News Monitor – Issue 79, 14 February 2017

Are you saving enough money for retirement?

Is your retirement fund growing? MYOB survey found that a whopping third of small business owners surveyed are not putting enough money into their personal superannuation and may not have the funds to retire comfortably. The survey also found that many small business owners are counting on selling their business to help fund retirement. Does this sound like you? Retirement is an expensive part of our lives at a point where we no … Read More

Scam Alert!

Do you know who has access to your sensitive financial information? Thieves do not need much information. They need only your name, date of birth, address, myGov details or tax file number. Once they have it they can access your bank account, your credit card and your superannuation. Your details can also be sold on the black market, take over your business or create fake businesses in your name (think of Jason Bateman’s character in … Read More

The ATO is making BAS simpler!

Are you a new business registering for GST? If so, you can choose the simpler BAS option.   The ATO are offering new small businesses a simplified version of BAS.   Some small businesses can start using this new BAS now, ahead of the full implementation of July 1st 2017.   To start reporting GST using the simpler BAS, you need to have: Started your business and registered for GST on or after 19 January 2017. … Read More

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