![Director Identification Numbers are now required](https://oconnellsobm.com.au/wp-content/uploads/2021/04/business-meeting-director-identification-number-1080x675.jpg)
![Director Identification Numbers are now required](https://oconnellsobm.com.au/wp-content/uploads/2021/04/business-meeting-director-identification-number-1080x675.jpg)
![Introducing our new digital signing platform](https://oconnellsobm.com.au/wp-content/uploads/2021/11/shutterstock_1291369006.jpg)
Introducing our new digital signing platform
If you’re an existing client of ours, you’d know that we’ve been utilising digital signing for several years. One of our highest priorities is sharing electronic documentation for signature as securely as possible – which is why we have decided to...![Odometer Readings – 30 June](https://oconnellsobm.com.au/wp-content/uploads/2019/07/Odometer-Reading-Declarations-1080x675.jpg)
Odometer Readings – 30 June
To enable a claim for motor vehicle expenses via the “log book” method, odometer readings need to be recorded as at 30 June. If you are self employed, or an employee in your own right, and the vehicle you drive has less than 1-tonne carrying capacity, please submit...![Director Identification Numbers are now required](https://oconnellsobm.com.au/wp-content/uploads/2021/04/business-meeting-director-identification-number-1080x675.jpg)
Director Identification Numbers: The what, why, who, when, and how
On 15 April 2021, the Commissioner of Taxation issued a legislative instrument “Corporations Director Identification Number Data Standard 2021”, that brings the implementation of Director Identification Numbers one step closer. This legislative instrument is part of...![Looking for a different way to reward your team this Christmas?](https://oconnellsobm.com.au/wp-content/uploads/2019/12/Christmas-Presents-For-Employees-1080x675.jpg)
Looking for a different way to reward your team this Christmas?
We have all had that feeling…tearing open the brightly coloured paper…the first glance…the feeling of disappointment…the feigning of surprise and delight…the deep down thought of “what am I going to do with this?” Gift giving can be a tricky thing – both when you are...![When was the last time you reviewed your wage protocols?](https://oconnellsobm.com.au/wp-content/uploads/2020/10/Small-Business-Employee-Wages-1080x675.jpg)
When was the last time you reviewed your wage protocols?
If you’re in Queensland, you may have seen last month that the Government passed legislation making it a criminal offence for employers to knowingly underpay their staff. Directors and business owners can face jail time.If you have employees, it’s...![Tools to get your HR house in order](https://oconnellsobm.com.au/wp-content/uploads/2019/12/Team-Meeting-1080x675.jpg)
Tools to get your HR house in order
Whether it’s ensuring you’re keeping up with Australia’s complex HR and workplace laws, or that you’re giving your team the guidance and mentor-ship they need to grow themselves, and your business – working with people presents a myriad of challenges, and...![Turning your mind to the next financial year and what you want to achieve?](https://oconnellsobm.com.au/wp-content/uploads/2019/12/Goal-setting-1080x675.jpg)
Turning your mind to the next financial year and what you want to achieve?
Here are some questions to mull over to help get you started identifying where you may need to direct your efforts and focus your attention over the coming 12 months. If you could wave a magic wand – what would you change? What’s the pebble in your shoe? What’s...![Odometer Readings – 30 June](https://oconnellsobm.com.au/wp-content/uploads/2019/07/Odometer-Reading-Declarations-1080x675.jpg)
Odometer Readings for the FBT Tax year
Odometer readings need to be recorded as at 31 March each year for all motor vehicles supplied by an employer i.e. a company, trust or partnership etc, to an employee including a director or trustee. No odometer record is required as at 31 March for vehicles owned by...![Odometer Readings – 30 June](https://oconnellsobm.com.au/wp-content/uploads/2019/07/Odometer-Reading-Declarations-1080x675.jpg)
Tax Tip Saving Fringe Benefits Tax Costs
Thinking of purchasing a motor vehicle? If you are contemplating the purchase of a motor vehicle within the next few months then the timing of this purchase may have more tax consequences than you anticipated. If the following facts apply to you then you should...![4 Simple words to get what you want](https://oconnellsobm.com.au/wp-content/uploads/2019/12/Business-Planning-1080x675.png)
4 Simple words to get what you want
For many of us, January is a time for reflection, goal setting and planning. With 2020 underway, a priority for us in the first month of the year is conducting planning/performance reviews with our team. It’s a rewarding exercise helping team members look forward and...![Top 3 tips to avoid the FBT Grinch this festive season!](https://oconnellsobm.com.au/wp-content/uploads/2018/12/gift-giving-1-1080x675.jpg)