An increase in hacker-related crime – targeted at Google Android users – has caused concern, with many hackers now using consumer apps to glean personal information and generate financial gain. 472 per cent of new viruses designed to attack Android gadgets have been detected in the past four months. This is an alarming rate, especially…
The Australian Taxation Office has released information regarding their annual updates to small business benchmarking, with data from the 2009 financial year. These include the following: The addition of new industries to small business benchmarking – including landscape construction, motor vehicle retail, panel beating and smash repairers, lawn mowing and garden services, tattooing services and…
Businesses that fail to declare or report all their cash transactions will be exposed this financial year when the ATO commences their crack down on the cash economy. An estimated 110,000 taxpayers who are suspected of participating in the cash economy will be contacted by mail in efforts to deal with under-reported or omitted income,…
Intellectual property (IP) owned by a business, including unique inventions, designs, logos, documents and processes that you or your business have developed, can be just as important for generating revenue as property and staff. The free online business tool ‘Intellectual Property Explorer’ was developed to help owners identify and protect their IP assests. Users are…
From 1 December 2011, the Federal Government’s excise or customs duty will apply to gaseous fuels used for transport purposes. As a result of these changes, the ATO will be offering fuel tax credits to any business which acquires, manufactures or imports duty paid gaseous fuels for use in eligible business activities. Tax credits will apply…