January 14, 2021 December 2020 JobKeeper The monthly declaration for December is now available. The Tax Office has extended the lodgment due date for this to 28 January 2021. If you have not already done so, you should ensure that you complete your declaration by then. JobKeeper Extension 2 In addition, businesses need to review their eligibility […]
January 11, 2021 Today is the official “Clean off your desk Day” I’m known around our office as the Tidy Desk bully. My emails and reminders to “have a little tidy up” haunt the team and to be honest I’m ignored most of the time! I was brought up with the message “tidy desk tidy mind” instilled into […]
December 24, 2020 Like everyone, business owners are always looking for ways to save time. Every minute spent on admin or fixing mistakes is a minute that could be spent on business-building work. When time really is money, it’s worth finding ways to reduce those tedious and repetitive tasks – and technology is the answer. Better billing – Billing […]
December 23, 2020 Applications are now open for Round 2 of the Manufacturing Modernisation Fund, which provides co-funding grants of between $100,000 and $1 million to small to medium manufacturing enterprises with up to 199 employees. The grant supports manufacturers by co-funding capital investments and associated reskilling to: adopt new technologies encourage innovation become more productive and competitive […]
December 4, 2020 Christmas is a great time to acknowledge and reward your employees and other associates by celebrating and giving gifts. But don’t get caught out by entertainment rules! Claiming entertainment and gifts as business expenses is not always straight-forward, as there are implications for GST, income tax and fringe benefits tax (FBT). Is it Entertainment? Entertainment […]
December 2, 2020 The Government has announced a temporary measure to allow businesses to claim an immediate deduction for the full cost of eligible capital assets. Businesses with an aggregated annual turnover up to $5 billion can now deduct the full cost of eligible assets that are acquired and first used by 30 June 2022. This method is […]
November 27, 2020 It’s the most wonderful time of the year! You may be wondering where this year has gone and not quite ready for the silly season, but the supermarkets have been stocking fruit mince pies and Christmas decorations for a while now. How do you best prepare for the festive season? See our top tips for […]
November 6, 2020 Do you consistently find yourself in a position where you’re overwhelmed with what is going on in your business? We have found that many businesses find themselves in such situations because they are so busy running the business and don’t have the tools to improve efficiency. The million-dollar question we get asked is how do […]
October 30, 2020 What is the difference between a contractor and an employee and whose responsibility is it to get right? An employee works in the business and is integral to that business has rights and entitlements under the Fair Work Act 2009 has a reasonable expectation of ongoing work, agreed hours and duties is covered by the […]
October 29, 2020 This time last year, you might have been pondering Christmas bonuses or booking your summer holiday, but with a completely different business landscape in front of us, your head is no doubt filled with different questions. I’ve decided to restructure. What’s the best way to do this? Restructuring is never easy but if it’s necessary […]