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Useful ATO web pages all business owners should bookmark

With all of the web content being thrown at us daily via email and social media, it’s hard to know what’s worth reading and what’s just rubbish! If you’re a busy business owner like me, you can’t read everything, there’s just not enough time in the day. However, as a business owner, you also know that there is information out there that you should be across, particularly in relation to taxation, GST and employing. Most of this information can be found on the Australian Taxation Office website, but again, there is a mountain of data to read there, so where do you start? To save you time, I have compiled a list of ATO links I believe will be the most useful for business owners. Take a read through and bookmark the links of interest to you.

Video Player For Web, Useful Links Word On It1. ATO YouTube channel – ato.gov.au

The ATO has it’s own YouTube channel which contains several videos about taxation, GST, running your business, BAS and lots more!

2. Small business newsroom | Small Business Newsroom

There are 2 newsletters to which you can subscribe that regularly provide information about employment issues, GST, Superannation, lodging and paying tax, fringe benefits tax and other general tax advice. The “Small Business Newsroom” is specifically for small business owners while the “Business Bulletins” is directed at medium to large businesses.

3. Small business support | After hours web chat | Contact ATO by phone

Need to discuss a taxation issue with the ATO but you’re just too busy during the day? No matter, you can now book an after hours call via the above link. Once booked, a consultant will call you back at the time you specified – a great service! For those who prefer not to talk via telephone, there is also a web chat service. I have also provided the link to telephone numbers you can call during the day if the other 2 options don’t suit you.

4. Order forms and other documents

From time to time, you may need quick access to taxation booklets, forms or other information. One of the best ways to obtain this information is by ordering it online from the ATO. The information will be sent you either via post or email depending on the product.

5. Online services

The ATO has provided the ability for business owners to connect with the ATO electronically for several years now. Business owners can log into their business portal and lodge their own BAS and other forms and can correspond securely with the ATO as required. I highly recommend that all business owners review their options in this space as the ATO is moving further and further towards online platforms and those who ignore this will get left behind. The link above provides more information about this topic.

6. 24 hour self-help services

This service allows you to call the ATO whenever you like to do any of the following:

  • Set up a payment arrangement
  • Lodge a nil activity statement
  • Verify an ABN
  • Register for fuel tax credits
  • and much more!

7. Search – sort by topic | Small business assist

Need to find some taxation information quickly? These 2 links may help. “Search” is an alphabetical listing of various topics while “Small business assist” is a service where by you type in your question and a range of websites and pages will be provided related to the information you require.

8. Dates for current financial year

Not sure when your BAS is due or when you need to pay your employees’ superannuation? This link will help – it’s a list of current key tax lodgement due dates for this financial year.

9. For Employers!

Here is a group of links for those of you who are employers or who are about to employ staff. They include information on employing for the first time, PAYG withholding (what it is and how it works), a tax withholding calculator, the log-on page to the super clearing house and the super guarantee charge statement and calculator tool (for those who have missed the quarterly super payment due date).

10. How the GST works | Claiming business deductions | Home office expenses calculator | Selling or closing your business

This group of links relate to general taxation information about topics and issues that business owners may find useful, especially the business deductions link.

11. Difficulty paying

Having trouble paying tax debt? This link provides information about how to handle this situation.

I hope this list of useful ATO links will prove helpful to you as a business owner. You could bookmark them all or simply bookmark this blog so you can access all links with one click!

As a business owner, do you find yourself using particular ATO web pages all the time? If they aren’t already listed here, please share your links below – they may just help someone else 🙂

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How to pay your bookkeeper much less

Does your bookkeeper charge you an arm and a leg for his/her services? Are you sick of receiving bookkeeping bills that make your stomach turn and steam come out of your ears? Never fear, there is a way to pay your bookkeeper much less but still ensure your accounts are kept in tip top shape! The answer lies in the concept of TIME. In short, the more time your bookkeeper has to spend on your books, the more you will pay. Obvious right? So how can you help your bookkeeper save time and in turn save you money? Here are 6 tips to get you started:

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IMHO: 3 Reasons why the GST should be broadened and the rate increased

The Goods and Service Tax (GST) in Australia is now 14 years old and it’s rate and structure have not changed since it was first implemented by the Howard-Costello Government in 2000. A debate is currently brewing among our politicians and industry groups about whether or not the GST should be broadened and/or the rate increased. I for one, am in support of both options and below are my 3 reasons for this support.

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Got a tax debt? Make a payment arrangement!

Recently one of my clients rang me because her business activity debt was very high and she was panicking because she was unable to pay the debt by the due date. I calmly told her to make a payment arrangement with the ATO so she could pay the debt by instalments. My client told me she had never heard of payment arrangements and wasn’t even aware that this payment option existed. I was surprised by this because I thought it was common knowledge. I wondered how many other business owners out there were oblivious to their tax payment options and decided that the best way to educate them would be via a blog, so here goes!

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The bookkeeping behind an asset purchase via a Chattel Mortgage

It is very common for businesses to purchase major assets such as motor vehicles via a loan. They can use a commercial bank loan but often finance is “purchased” by way of either Hire Purchase or a Chattel Mortgage. In this week’s blog we will look at a purchase via Chattel Mortgage agreement and how to post it to the accounts.

Chattel Mortgage

A Chattel Mortgage is a type of loan typically used to purchase motor vehicles or other major business equipment. It is called a “mortgage” because the financier retains the title of the item purchased until the final payment is received. There are several financial benefits of a Chattel Mortgage including:

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How to choose the right accounting software in 5 easy steps

So you’re at a point in your business journey where you think you might need accounting software. That’s great but how do you choose the software that’s right for your business? Here is an easy-to-follow five-step process to help you make an informed decision.

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5 ways to improve your cash flow

The number one things that kills most businesses is poor cash flow. Lack of money basically means that your business will struggle to function and if this continues, may even mean you have to close the doors. Luckily there are ways to improve cash flow issues. Read on to find out about 5 ways you can improve your cash flow.

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Remote bookkeeping – how does this work?

The other day a potential client rang me and said she was looking at our website and wanted to know how remote bookkeeping worked and more importantly, how it could work for her and her business. I was a little surprised by her questions because I’ve been working remotely or “telecommuting” as it’s been labelled of late, for years now as have many others. I went on to explain how I work and how my clients work with me but I got the feeling that she wasn’t entirely convinced. It made me think that there are probably others out there who don’t quite understand how bookkeeping can be done remotely so I thought I’d write a blog that would help to explain how it all works.

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20 jobs your BAS Agent can do for you!

BAS Agents are now a very important part of the tax compliance landscape. They have been floating around since 2010 when the first group of agents became registered with the Tax Practitioners Board (TPB) after the passing down of TASA 2009. TASA 2009 is legislation that makes it illegal for anyone to charge a fee for providing tax and BAS Services without first being registered. Unfortunately, who BAS Agents are and what they do, has not been widely publicised by the TPB and as a result, many business owners have either never heard of them or certainly aren’t aware of what they do. Today’s blog, therefore, is about educating business owners about what BAS Agents can do for them in terms of their tax compliance and other related tasks. To this end, I have created a list of 20 tasks BAS Agents can do for business owners, of which perhaps they may not be aware. See below:

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