Tax Refunds and Returns in Australia: Why Is It Too Low?
It's that time of year again. You've filed your taxes and are eagerly awaiting your tax refund. But when the refund arrives, it's much lower than you expected. Why is…
DIN—What It Is, Why You Need It, and How to Obtain It
As part of the 2020 Budget Digital Business Plan, the Australian government wants to implement the Modernising Business Registers program. In this program, the ABRS (Australian Business Registry Services) was…
Audit Requirements of Not-For-Profits: What You Need to Know
Not-for-profit businesses are businesses that are set up for a social or environmental cause rather than to make a profit. They are usually registered as charities, and there are over…
TAX SAVING STRATEGIES
TAX SAVING STRATEGIES Even with the final day of the financial year to go, traditionally, year-end tax planning for small businesses is based around two simple concepts (i.e.,…
Jobkeeper Payment Alternate test – Update 4
JobKeeper Alternative Turnover Tests The ATO has now determined alternative tests for various businesses in relation to the fall in turnover where there is not an appropriate relevant comparison period.…
JobKeeper Guidance – Update 3
JobKeeper Guidance and Payment Further information has now been released by Treasury to clarify the comparison period is for either; any monthly period from March 2020 to the end of…
Claiming your Home Office Expenses
You may now be working from home more than ever and you will be incurring costs of working from home, outlined below are various details as to what you can…
JobKeeper Payments Update 2
JobKeeper In the third and largest economic stimulus package up to 6 million workers are set to be eligible for the $130 billion wage subsidy, known as the JobKeeper payment.…
Commercial Tenancy Relief
On 7th April 2020, the Government announced SME Commercial Leasing Principles During CoVid 19 that is to be implemented between landlords and tenants through the COVID-19 crisis. Throughout the pandemic…
Five (5) Steps to get you “over the bridge” and survive the Recession
Just understand this is going to be tough, and when it gets tough you either dive, survive or thrive. It is our mission to ensure you thrive once the crisis…
