$1,500 JobKeeper subsidy to keep staff employed

By | March 31st, 2020|Uncategorised|

  Date ·         From 30 March 2020 for six months ·         For employees employed at and from 1 March 2020 ·         First payments in first week of May 2020 Applies to Based on comparable periods: ·         Employers <$1 bn that have experienced a downturn of more than 30% ·         Employers >$1bn that have experienced a [...]

The Second $66.1 bn Stimulus Package: What You Need To Know

By | March 26th, 2020|Uncategorised|

The Government yesterday released a second, far reaching $66.1 bn stimulus package that boosts income support payments, introduces targeted changes to the superannuation rules, provides cash flow support of up to $100,000 for small business employers, and relaxes corporate insolvency laws.   The Prime Minister has warned that there are no “quick solutions” and that [...]

The Stimulus Package Related to Coronavirus: What You Need To Know

By | March 17th, 2020|Uncategorised|

The Government has announced a $17.6 billion investment package to support the economy as we brace for the impact of the coronavirus.   The yet to be legislated four part package focuses on business investment, sustaining employers and driving cash into the economy.   For business Business investment Increase and extension of the instant asset [...]

8 Ways to Work Effectively with Your Accountant

By | July 12th, 2019|Uncategorised|

When you work effectively with any supplier, consultant or service provider you naturally get more ‘bang’ for your buck.  Your accountant is no different.  With our decades of experience, we’ve seen it all.  Yes, even the good old fashioned ‘show box’.  As qualified accountants, we can value-add beyond preparing tax returns and accounting statements if [...]

How Should I Choose My Business Structure And The Tax Impact

By | June 4th, 2019|Accounting|

As a qualified and experienced Accountant, we really understand the importance (and differences) of each of the accounting structures a business can setup under.   All entities’ types are definitely not the same and we hope this clears up some uncertainty around accounting structures which are commonly used in businesses.  Sole Traders These are by far [...]

2019 End of Financial Year Checklist For Small Businesses

By | May 8th, 2019|Accounting|

I know many of you are wondering where that first half of the year went.  Already we are approaching the end of financial year and everything that involves it.  I wanted to get in early with this article to give you as much time as possible to prepare.  We do see some clients who leave [...]

2019 Budget Summary & Highlights

By | April 8th, 2019|Financials|

Well, the Federal Budget was handed down on Tuesday night 2nd April – about a month or so earlier than the usual May date.  As we are a Melbourne accounting firm, I’ll focus on the impacts particularly for Victoria and to business and tax payers generally.  Prime Minister Scott Morrison stated this as “the first [...]

GST On Property Developments – The Big Changes For Developers And Purchasers

By | March 9th, 2018|Accounting|

If a Bill currently before Parliament passes, from 1 July 2018, purchasers of new residential premises or new residential subdivisions will need to remit the GST on the purchase price directly to the ATO as part of the settlement process. This is a significant change from how GST is currently managed with the developer collecting [...]

Power And Influence – The other business influencer that can make or break you

By | March 5th, 2018|Business Marketing, Start-Ups|

Did a Kardashian really just wipe US $1.3bn off the share price of Snapchat? A tweet from Kylie Jenner saying “sooo does anyone else not open Snapchat anymore? Or is it just me… ugh this is so sad” is being credited as the catalyst for an 8% drop in Snap Inc’s share price. While the [...]

The ATO’s FBT Hot Spots 2018

By | February 28th, 2018|Accounting, Business Tax Return|

The Fringe Benefits Tax (FBT) year ends on 31 March. We’ve outlined the key hot spots for employers and employees. Motor Vehicles – using the company car outside of work Just because your business buys a motor vehicle and it is used as a work vehicle, that alone does not mean that the car is [...]