Businesses can now register for the JobMaker Hiring Credit scheme which is a new incentive administered by the Australian Taxation Office for businesses to employ additional young job seekers. Eligible employers can access the JobMaker Hiring Credit scheme for any eligible additional employees they hire between 7 October 2020 and 6 October 2021 (for a maximum …
Is an SMSF right for you? Here are 6 pros and 5 cons to consider before setting up a Self-Managed Super Fund
It’s no secret that a slowdown or contraction in economic activities happens from time to time. Many business owners reading this will have experienced the Global Financial Crisis and/or the COVID-19 outbreak. If you still have a business, you clearly made some of the right moves. Which leads to the question – what are the …
Managing your finances, savings and investments is more complex today than ever. Financial planning is crucial, but how do you choose a financial planner?
Remember Walkmans? And later, portable CD music players? And VHS video players? And fax machines? These were all once considered the very latest in technology but are now obsolete. Times sure change. And do you know what else will soon fall into this, “Remember when we used to use…” category? Desktop accounting software. By ‘desktop’ …
Read more “7 Reasons To Use A Cloud Accounting App In Your Small Business”
A cash flow forecast is a plan that shows how much money a business expects to receive in and pay out over a given period of time. If a business runs out of cash and is not able to meet its obligations such as paying suppliers, creditors and staff, it will become insolvent. It is never …
Read more “Cash Flow: Why Your Business Needs to Forecast & How to Get Started”
Telecommuting, teleworking, working from home, mobile work, remote work, flexible workplace… whatever you want to call it, it amounts to the same thing. No chats about last night’s match at the watercooler. No comparing notes about the movie you watched. And no after-work drinks. Just the work, I’m afraid. But, looking on the bright side, …
Read more “Stay productive while working from home: A 13-point essential guide”
In response to COVID-19, the government economic stimulus announced an upgrade in payroll tax relief as follows: >$10m payroll – Payment deferral option of up to six months <$10m payroll – previously three month payment waiver (effectively providing a 25% reduction in payroll tax payable which will be reconciled when annual reconciliation is lodged), now …
$10,000 grants to provide fast relief for NSW small businesses battling COVID-19 Thousands of small businesses across NSW struggling to cope with the COVID-19 shutdown will receive grants of up to $10,000 under a new assistance scheme announced today by Premier Gladys Berejiklian, Treasurer Dominic Perrottet and Minister for Finance and Small Business Damien Tudehope. The …
Read more “New Small Business Grant $10,000 to provide relief for businesses battling COVID-19”
The Federal Government has just announced a relief package for the child care and early childhood education sector (‘child care sector’). The relief package is designed to: provide free child care to around one million families; and ensure that as many of the child care sector’s 13,000 child care and early learning services as possible …
Read more “Government’s Child Care and Early Childhood Education Relief Package”