Second Stimulus Package
Supporting Australian workers and business In a continued effort to support Australian businesses through the impact of the COVID19 pandemic the government has further stimulus
Supporting Australian workers and business In a continued effort to support Australian businesses through the impact of the COVID19 pandemic the government has further stimulus
To Our Valued Clients, During this incredibly challenging time, we want to assure you that we are taking steps to safeguard this firm, so we
Eligibility For The Scheme The Government has announced a $17.6 billion investment package to support the economy as we brace for the impact of the
Written By Jacob Henson: The 2019/2020 South Australian Budget has been announced and Treasurer Rob Lucas has proposed several changes to the Land Tax legislation.
Written by Jayson Palomaria: The financial reporting requirement for large proprietary companies to lodge their annual audited financial reports was introduced back in 1995 aimed
The 2019 financial year is quickly drawing to a close and we believe it is important that all our clients are informed of changes to the
Written by Emily Baulderstone: Have you been taking part in the cryptocurrency market in recent years? If so, are you aware of the tax consequences
30th June 2019 is rapidly approaching, so now is the time for business owners to talk to their Accountants to look at tax planning. Tax
Written by Henry Brennan: Parliament has introduced new laws designed to protect Australia members’ superannuation savings from erosion. The reform aims to achieve this by
On the 2 April 2019, Treasurer Josh Frydenberg handed down his maiden budget. In what was clearly an election year budget, the Treasurer announced significant
Written by Nick Fedele: During the last Fringe Benefits Tax (FBT) year, the Australian Taxation Office (ATO) released guidance outlining their compliance approach when determining
Since the introduction of the Australian Charities and Not-for-profits Commission (ACNC) in December 2012 we often receive queries from confused clients on their reporting obligations
From 1 January 2019, businesses with annual taxable Australia wide wages of up to $1.5 million are not required to pay payroll tax, and the
The technology available to us today means that business activities can be performed from just about anywhere. Some of Australia’s most successful and well- known
We are seeing increased audit activity in regards to the Fringe Benefits Tax treatment of luxury cars held in entities. The ATO has a national
Written by Sarah Riccio: What is a Fringe Benefit A fringe benefit is a ‘payment’ to an employee provided in a different form to salary
Written by Robert Lennox: The end of September brings us to the end of the first quarter of the current financial year. Many of us
Written by Stephanie Hulme: Single Touch Payroll (STP) is a government initiative to streamline reporting requirements for businesses. If you employ 20 or more employees,
Written by Nick Fedele: In general, the running costs incurred for a motor vehicle are deductible in the proportion that it is used for work
Written by Adam Taylor: There may be times when cash flow is tight and paying your tax bills on time may be difficult. In times
Written by Sarah Riccio: Most small business owners tend to look at the Profit and Loss Statement for financial data about their business but when
Written by Nick Fedele: Are you thinking of renting a room in your home through Airbnb or becoming an Uber driver to earn additional income?
Written by Emily Baulderstone: Under Australian Tax Law, income derived by an individual who is considered to be an Australian resident for tax purposes is
1) Make sure you are not holding more stock than you need Holding more stock than you need is never a good idea. Excess stock
Poor performing products or services can be a serious detriment to your business, diverting valuable resources and finances from more successful ventures and pulling down
Many business owners think you need to increase sales to make more money. But often this is the more difficult path. A minimal increase to
There are two types of accounting methods accrual and cash accounting. Which type your company uses can have a major impact on the total revenue
One of the most common questions we get asked is “Am I making enough money” or to put it another way “How much profit should
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