There is so much confusion for business’ regarding this report. Many clients say they haven’t heard of this report although it has been around since the 2013 financial year, however it only applied to the building industry until the last financial year 2019.

During the financial year, if you have made personal superannuation contributions that you wish to claim as a tax deduction, the ATO have made it a requirement since 2018 financial year that you will need to notify your super fund at the end of the financial year.

You wanted to be an entrepreneur, you have the skills whether it be as an electrician, IT person, bookkeeper, Cleaner, Medical Doctor, Hairdresser etc.

With the ever-increasing expenses of living people are finding themselves either working a second job or starting a small sideline business to supplement their income to help pay for those bills that just keep coming in.