Things to watch out for in 2018

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