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How to stay on the ATO’s nice list this Christmas

December 7, 2021

Things that should be on your radar this month

Director IDs were introduced in November – we wrote about how to apply for one here

The ATO is now chasing up tax debts again in Victoria, NSW and the ACT after a period of leniency during Covid-19 outbreaks and lockdowns

16 key trends that will drive small business in 2022, according to Forbes

Is your business naughty or nice? Find out what tax issues you need to be aware of when it comes to Christmas parties and gifts for staff

Good news for small businesses: SMEs are set to save $5 billion in taxes over two years according to Treasurer Josh Frydenberg

Tech to help streamline your business

Hiver – if you use Gmail for business and have multiple inboxes or send recurring emails then this add-on is a must and will help you nail your customer service

Scribe – ace your team and client onboarding processes by automatically creating step-by-step guides for business-critical processes or for client how-to's in seconds

Clickup – more than just a task manager, this app helps teams big and small to co-ordinate people, projects, and everything in between

The highs + and lows – of small business life

+ Thanks to you all we were able to raise more than $3,300 for Movember. This cause hits close to home and we truly appreciate all the support – let's keep the important mental health conversations going

+ We were thrilled to have the opportunity to chat with entrepreneur and Beyond Blue keynote speaker Tim Hoopmann about how small business owners are faring since the pandemic, and the support that’s available to help them manage their stress

– Our Facebook ads weren't doing as well as we hoped so we gave them a total design overhaul, and are looking forward to being able to compare the results. For everything that doesn't go to plan there's always a lesson to learn

Try these ideas this month

Quick tips: 26 productivity hacks to maximise your work productivity

Longer read: Have you got a cash flow forecast? As we come to the end of 2021, now's the perfect time to forecast your cash flow for next year – review when your cash flow was tight this year, and plan ahead for it. Let us know if you need help (and PS, a budget is not a cash flow forecast!)

Listen to this: Harder, better, faster, *shorter*– how the four day work week is helping build retention, productivity and creativity

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That's just our two pennies' worth. Stay safe this holiday season!

- Liam and Amy, co-founders of Project Alfred
(changing the way people think about accounting)

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