RSM Australia

SME Business Insights

Business Insights

Instant asset write-off increased to $30,000 – more businesses to benefit

14 May 2019
Mike Letchford
There is some good news for business on the instant asset write-off front. Both the size of business & the amount you can write off instantly as a tax deduction has been increased. While these measures are welcome, it has added a little complexity for the year.
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Superannuation & the federal election – change is on the horizon

3 May 2019
Dean Carnaby
With a federal election just weeks away and party campaigning in full swing, what changes to superannuation may be on the horizon? Coalition Win: Unscathed Superannuation
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Managing your margins in the hospitality industry

16 April 2019
The management of key cost margins is imperative for operators of café and restaurant businesses, as this industry is characterised by high sales turnover and high input costs.
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What is Single Touch Payroll and how will it affect my business

26 March 2019
Dace Harris
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Are you ready for the Modern Slavery Act?

19 March 2019
Jayesh Kapitan, Mathavan Parameswaran
On 1 January 2019, the Modern Slavery Act (Cth) (hereafter “federal Act”) came into force. What this means is that Australia, following in the UK’s footsteps, has federal legislation which requires, among other things, certain entities to report on the risks of modern slavery in their operation and supply chains.
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Modern day challenges for hospitality and tourism businesses

12 March 2019
The hospitality and tourism industry in Australia today is continuously changing, specifically with regards to the demographic profile of travellers and the technological advances of the modern world.
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Digital team at RSM meets TANDA

6 March 2019
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Single touch payroll - soon mandatory for every employer

26 February 2019
The ATO has followed through on plans to improve digitisation of tax reporting and returns, making it mandatory for all employers to use Single Touch Payroll from 1 July 2019.
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Surviving the hospitality cash flow conundrum

15 February 2019
When the music stops, will your business cope?
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What to do about the summer holiday cash flow bell curve

11 December 2018
Any local business operator in the hospitality industry will be able to relate to the summer holiday period rush. When reviewing the month to month annual profit and loss results, they can usually be displayed graphically as a significant bell-type curve.
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