In line with the new look website, the Australian Taxation Office (ATO) have recently upgraded their small business App – have you had a look?

Available on both iTunes and Android, the App has been downloaded by more than 500,000 people (including me!), and provides a clean and modern look as well as increased functionality.

Some of the more useful features of the App include:

• ABN lookup – to verify the details of a business
• tax withheld calculator – which details the amount of tax to withhold from employee wages
• key dates – which can set reminders and alerts for tax and superannuation
• payment plan estimator – to assist you in paying off your tax debt
• report a concern – for suspected tax evasion

There’s also a new function in the App which is a business performance check tool, which can provide a snapshot of profitability, cash flow, working capital and debt serviceability and can compare the performance of a business against others in the same industry.

Take a look and let me know your thoughts…

Regards