MNY Group 2019 December Newsletter – E-invoicing is on its way

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MNY- December -2019

In December we have included Business & Accounting Topics including:

1.E-invoicing is on its way
Along with a more automated exchange and processing of invoices, e-invoicing also promises reduced payment times and better cash flow.

2.Personal services income explained
The personal services income (PSI) rules apply to income that is earned mainly from the personal efforts or skills of a person. It does not matter whether the income is earned by the individual in their own name or through an entity such as a business. The rules do not apply to income earned from being an employee.

3.CGT concessions: Does your business qualify?
Wondering if you are eligible to claim the small business CGT concessions can be setted by answering a few basic questions.

4.If you are in business, you need to know about the PPSR
There is a simple step that many businesses can take to better manage the risk that can attach to certain assets.

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