For Business:
- Cyber security
- Accounting systems and add-ons providing more automation
- Changes to small business tax rates
- The Small Business instant asset write-off threshold of $20,000 is currently due to stop on 30 June 2018
- More data moving on-line
- Baby Boomers selling or closing businesses
- Interest rates to rise – getting a loan may be harder
- Less use of cash – more use of ‘Block-chain’ type technologies and digital currencies
- More remote workers
And for employers:
- Changes to Small Business Superannuation Clearing House
- New penalty rates in some Awards
- Changes to 457 Visas
- More ATO paper forms being moved to mygov
- Single Touch Payroll
Contact us if you need more information 02 9555 2395