Tax

Over the past few years, the ATO has been investing in more sophisticated, data-matching software. As a result, there has been a record number of tax audits and reviews. Lodgements are now cross-referenced against information from a wide range of government organisations, including Centrelink, WorkCover, Department of Transport, banks and other financial institutions. Should any of the information not match, the software will flag the return for investigation and a possible review or audit.

At Illumin8

We are huge advocators of small business owners having a team around them to encourage, challenge and for accountability purposes. We often encourage our clients to form an advisory board to help provide strategic advice to the management of their corporation, organisation, or foundation.

Your Business

The ATO have released new tax tables that will take effect next week – whether you pay wages or receive a regular wage, here are some tips to get you ready for the changes. It’s been a turbulent few months behind the scenes since the Australian Government’s budget announcements back in May, with many of them finally being introduced to parliament late last month.

At Illumin8

Being a VCE student means deadlines, assignments, emails, and a lot of expectations from a lot of different people.

Your Business

There is absolutely no denying it – social media has changed the way businesses communicate. And, as with cloud technology, whilst some are eager to stay ahead of the game, others lag behind, often kicking and screaming.

Superannuation

If you weren’t already confused by the budget for superannuation, it just keeps getting better and better with more changes and alterations being proposed. Here’s to hoping that the Government finally make up their minds and we can get to the important task of tax planning.

Your Business

The silly season is upon us! Another year has flown by and as we approach Christmas, our attention often turns towards rewarding hard-working staff. With that in mind, here are a few key considerations and reminders for small businesses

Xero

Do you love Xero & Receipt Bank? Like a meat pie and tomato sauce? If so, I bet you didn’t think things could get even better. Not to use an old cliché, but wait, there’s more!

Your Business

As a business, one of illumin8’s core values is seeking shared experiences. This can manifest itself in many different ways. Whether it be meeting with our clients regularly, communicating valuable information,

At Illumin8

I started something last year where I changed my desktop background to 10 goals I wanted to accomplish that I could fit into the SMART criteria. Now I didn’t accomplish all of them, but I do believe I got more done than

At Illumin8

It’s been a big start to the year for illumin8! Not only have we launched our new ‘lightening the load’ initiative, but we’re excited to welcome two new additions to our team.

Lifestyle

We’re living in a time when many people are feeling increasing pressure. Whether it be financial strains, fear of terrorism, rising house prices or global warming, there’s seemingly no shortage of anxiety and fear for the future.

Personal Finances

The property market is still booming in Victoria. As such, we see many clients looking to capitalise on the soaring value of the major asset they hold – the family home.

At Illumin8

Being the second intern at illumin8 meant I had big shoes to fill.