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ABN. Cotchy Australian Bookkeeping and Accounting
Taxation

ATO reminder regarding inactive ABNs

The ATO has advised that inactive Australian Business Number’s may soon be automatically cancelled in a current review. Those who are unsure if their ABN is still active or not should get in touch with their accountant or bookkeeper.

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Gifts, Loans & Tax. Cotchy Bookkeeping and Accounting
Taxation

Overseas gifts and loans in the spotlight

The ATO has recently issued an alert on gifts or loans from overseas. The ATO is particularly concerned about schemes and arrangements designed specifically to circumvent Australian tax laws.

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Lifetime Director ID. Cotchy Bookkeeping and Accounting
Small Business

The New Lifetime Director IDs

Directors will be required to register for a unique identification number that they will keep for life, much like a tax file number under a rewrite of Australia’s business registers.

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Cotchy Checklist for Starting a New Business. Cotchy Bookkeeping and Accounting
Startup Information

Cotchy Checklist for Starting a Business

All businesses start with a skill, idea or opportunity. But you’ll need more than this to make your business successful. Planning, skills, people, time – and luck – are all important. The Cotchy startup checklist is a fantastic starting point for your business. Tick them off one at a time and make sure you are fully ready before launching into your new business.      

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5 Things your business needs. Cotchy Bookkeeping and Accounting
Startup Information

5 Key Things Your Startup Business Needs!

What are the five key things you need to have setup correctly in your business?
In your Startup business there are five key things that you are going to need to run really well and have under control. Those five things are finances, innovation, operations, marketing, and human resources. They are the key to every single business, especially a startup that is going to grow!

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5 Accounting mistakes made by Australian startups costing thousands

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