DFK Crosbie Blog
Taxpayers are responsible for safely storing a written backup copy of their tax record in case the original electronic form becomes inaccessible or unreadable.
In the event that your records have been damaged or destroyed, there are a number of ways you can reconstruct them. Where the tax records are accidentally lost or destroyed from... more
Are you thinking about a business partnership? Joining forces with someone else to start a business or take it to the next level could be a dream come true — or a nightmare. We discuss some of the important things you need to consider.
Business partnerships are a lot like marriage
I always... more
Without taking a step back and looking at the bigger picture, hospitality venues are powerless to adapt strategic plans that will boost revenue or respond to customer requests flexibly. While this is true across the working world, it applies most readily to the hospitality industry. Customer... more
Superannuation does not have to be time consuming or difficult.
Do the five-step super check to help sort out and grow your super.
Managing a self-managed super fund (SMSF) in the event a trustee passes can be a difficult and complicated process.
While succession planning may not be one of the first responsibilities which comes to mind when managing a SMSF, it can ensure the funds stability for remaining members as well as providing certainty and peace of... more
It’s known by a variety of names, such as the black economy, or even the cash or hidden economy. It is when people or businesses deliberately hide income to avoid paying the right amount of tax or superannuation. One of the ways they do this is by not recording or reporting all their cash income or electronic transactions.
Do you have your new Single Touch Payroll system sorted out and running smoothly?
No doubt, there were plenty of people in our industry who weren’t exactly thrilled at the prospect of yet another regulation to adhere to as of 1 July 2019. Single Touch Payroll (or STP) is a significant change, especially if your business isn’t... more
Medical practitioners, more so than business owners in other industries, are time poor. That makes outsourcing to specialists an important part of running a successful practice.
Many business owners choose to partner with an accounting firm rather than hiring in-house.
One vital element of operations... more
To date the majority of digital innovation in hospitality businesses, including hotels, pubs and clubs, has come in consumer-facing functions - customer service, administration, travel. In fact 64% of hotel guests said it was extremely/very important for hotels to continue investing in new technology to enhance the customer experience,... more