Recent Posts by teikoh

2023 Tax Obligations For Organisations

As the 2022 tax year has just ended and organisations are completing their year-end tax reports and annual payment summaries, organisations will also now be preparing for the 2023 tax year ahead. What are the tax areas in 2023 that organisations need to be aware of, and if necessary, prepare for? Four areas will be leading Australian Tax Office activity in 2023, being: (more…)...
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NOW Is The Time To Plan Ahead

It's the end of another financial year and the start of a new one. Now is the perfect time to plan ahead and set out your strategies for next year. Now is the time to write your business plan, even if you haven't done it before, because I will give you a methodology that you can follow in a step-by-step process to write your business plan. But first, let's deal with one of the most frequently asked questions I get from small business owners about business planning: "But I only have a small business - do I really need to prepare a business plan?" My wholehearted answer is always "Yes, Yes and Yes!" (more…)...
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Is Your Risk Management Framework Robust?

We have now lived in COVID world for over two years and it is situation normal. But can your organisation survive another similar hit? All organisations need to have a Risk Management Framework that includes your Risk Management Plan in place. Without one, your Board is not doing enough to be diligent in their work, and as management, you are frankly, slack in living up to your obligations to the organisation. That is a bold statement, but first, let's ensure we all understand what is Risk Management Planning. (more…)...
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Tax Time 2022!

What’s next on the agenda for the government?

With the election campaign finally over and a new government has been sworn in, many Australians will be wondering what a Labor government is likely to tackle over the next term. A helpful starting point is Labor’s election promises, which provide a useful indication of possible areas that will be targeted over the next few years. (more…)...
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OTS Management