Company Taxes in Australia
July 23, 2020
Key tax requirements for your company, and how they work In terms of business structures, expect your tax requirements as a company to be far greater. Tax on profits, any capital gains made, your goods and services rendered, employee benefits, and even your payroll are just some of the taxes you will encounter as an...
Read MoreBenefits of a Self-Managed Super Fund
July 8, 2020
Many questions are always asked by our clients such as “should I set up a Self-Managed Super Fund” or “can I benefit from a SMSF?” There’s a lot of factors to consider about super funds but to start there are 3 options available to you which include retail, industry, or Self- Managed Super Fund. It’s…
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How much does a small business accountant cost?
June 12, 2020
Why it’s important to understand small business accountant fees Whilst there are many considerations to be made in the course of running a business, the cost of accounting services for small businesses is of utmost concern. As a small business owner you should have the right to know how much you can expect to pay…
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Important Tax Tips for Australian Small Businesses in 2020
June 10, 2020
Tax filing is that time of the year when most businesses are at their wit’s end. While some businesses may lay confidently due to organised books and complete financial awareness, a lot may be under stress. Most businesses are seen scrounging for past receipts and reading up on the latest tax deductions at the last…
Read MoreProvisions by the Australian Government to Ease the COVID-19 Financial Crisis
May 12, 2020
The Coronavirus Pandemic has become a major concern for economies worldwide. It is a double edged sword which is affecting both financial as well as health status of nations. Moreover, due to the uncertainty attached, mental, physical and economical stability have all become a matter of concern. In such a bleak situation, global governments are…
Read MoreThe JobKeeper Payment
April 1, 2020
Close to the end of the working day on Monday 30 March, the Federal Government announced the introduction of a new JobKeeper Payment to assist eligible employers (and self-employed individuals) who have been impacted by the Coronavirus pandemic to continue paying their workers. The following is a broad summary of the key aspects of the…
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The Government’s Stimulus Package and What You Need to Know
March 24, 2020
The following is a broad summary of the key aspects of the Federal Government’s stimulus package set out by the Treasury and the NTAA. 1. Income support for individuals 1.1 Introducing a new Coronavirus supplement The Government has introduced the payment of a new Coronavirus Supplement of $550 per fortnight to eligible individuals receiving certain…
Read MoreVictorian Government Assistance Package To Support Local businesses And The Community
March 23, 2020
The Victorian Government released details of a $1.7 billion support package for local businesses that was prepared in coordination with the Treasury over the weekend. The Government also indicated that the Victorian 2020-21 budget will be differed in line with the Federal Government budget due to the uncertainty caused by the virus pandemic. The package…
Read MoreGovernment Stimulus to assist with Business Cashflow
March 19, 2020
With the number of Coronavirus cases growing daily, companies are becoming increasingly concerned and fearful of the damaging consequences the outbreak will have with many businesses already experiencing cash flow difficulties. With the virus now worsening and directly impacting business here in Australia most businesses are experiencing a tightening in cashflow as supply chains collapse…
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A Basic Guide to Bookkeeping for Small and Medium Businesses
March 17, 2020
Every business, no matter the size, needs effective bookkeeping. However, if yours is a small or medium business, it’s a possibility that you are a newcomer. A constructive bookkeeping process will ensure that you stay at the top of your business finances, being able to make better gains and utilise your funds in the best…
Read MoreHow to Identify Market Opportunities for Business Growth
February 21, 2020
The global economy has always been volatile, however modern day technologies and scientific advances have shortened the life cycles of various products and services, disrupting the traditional business model, and giving rise to more competition. In this scenario of constant competition and instability, it becomes all the more important to seek out fresh business opportunities…
Read MoreHow to Make this Festive Season FBT Friendly
December 6, 2019
The Christmas season is here! Festive celebrations, gifts and entertainment become common occurrences at the workplace during this time of year. However, most employers get a shock during the annual audit toward the end of the financial year, as they realise the overall cost of gifts and partying doubled up due to the Fringe Benefit…
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