MJ Accountants | Business, Accounting & Taxation Services Coffs Harbour NSW

Understanding the company, its operations, and the hazards associated with those operations:

Directors must understand all of the areas of operations of their company as well as a knowledge of and understanding of the hazards caused by their business' operations.

Directors need to rely on senior management to provide them with the information they need to comply with their duties.

Under the new WHS Act, directors of companies have increased duties they are expected to comply with.

These new duties place a higher level of responsibility on directors to be involved in the health and safety systems that are implemented within their company.

How to Win Clients 

In his latest book, What Do Accounting Clients Really Want?, author James Evangelidis identifies some key criteria in winning new clients that is applicable across the spectrum of financial services.

1. Be energetic: Show your client passion and enthusiasm. People like to engage with people who exude energy and show a bit of spark.

Introduction

The education tax refund (ETR) helps eligible families and independent students meet the cost of primary and secondary school education.

You can claim the ETR for education expenses you incur while your child attends primary or secondary school.

Families and approved care organisations can claim 50% of their eligible educational expenses if either of the following apply:

• they were entitled to receive family tax benefit (FTB) Part A for the child

The Australian Taxation Office will this month contact more than 650 contractors it believes might have wrongly assessed themselves as conducting a personal services business, as part of a broader crackdown on contractors. 

The letters follow warnings from the Tax Office that it would be using information from labour hire firms and auditing to improve contractor compliance through the 2012 financial year.