Apply for your Director ID

Company Director? You’ll need a Director Identification Number from now on

What is a Director Identification Number? During 2021, the government initiated a new system that attaches a unique identifying number to an individual who is a company director. A director has one number permanently attached to them, and this is … Read More

Your Q4 2022 Deadlines for the Diary

Your Q4 2022 Deadlines for the Diary Have you got all your March quarter obligations under control? Soon enough, we’ll be into the last quarter of the financial year, often a busier time for small businesses. We’ve highlighted some upcoming … Read More

super guarantee to rise

Super Guarantee Rate Rises in July to 10.5%

The superannuation guarantee statutory rate has remained at 9.5% since July 2014. However, plans have been in place for some years now, to increase the rate to 12% incrementally. In July 2022, the rate will rise to 10.5%. From then … Read More

Getting Started in Business

Business tips: Getting your operations up and running

If you are ‘pressing go’ on your new business, what are the key elements to have in place before you begin trading? The complexity of your operational model will vary greatly, depending on the kind of business you’re setting up. … Read More

Get a slice of the action - Retail boom

Retail’s online boom: Are you getting a slice of the action?

In 2021, retail e-commerce sales amounted to approximately 4.9 trillion U.S. dollars worldwide, according to research by Statistica. At the same time spending at physical stores has dropped. While that was strongly influenced by Covid restrictions and distancing measures, the … Read More

Ascend Solutions Farm Accounting

Farm Accounting – 10 tips for success

Farming businesses have unique accounting needs. The specific challenges you face in running a successful and thriving farm, require tailored business advice that goes beyond simply tax and accounting needs. Not many other businesses rely on living produce and have … Read More

Hiring Employees for your Startup Business

When setting up your new venture, the people you hire may well become the most important assets in your business. They’re your trusted workforce, the face of your new brand and the people you’ve entrusted with getting your business idea … Read More

Offering Salary Incentives to Staff

Are you thinking about offering incentives to staff in the form of salary packages? Sometimes the terms ‘salary sacrifice’ and ‘salary packaging’ are used interchangeably, but there are differences between the two. A salary sacrifice is when the employee chooses … Read More

Ascend Solutions ASIC Agent

Has your ABN been cancelled without your knowledge?

Is your ABN still active? The ATO has brought in an automated cancellation notification service for potentially inactive Australian Business Numbers (ABNs). If you haven’t had any business activity or are behind in getting your activity statements lodged, the ATO … Read More

Understanding the Basics of Business Taxes

Understanding the Basics of Business Taxes Different business structures pay taxes in different ways. Although there are many taxes that a business might be affected by, the main ones are goods and services tax, income tax, pay as you go … Read More