Ensuring that employee superannuation is correctly dealt with can be extremely confusing for many small businesses. One important new change to be aware of is that which has recently been put in place by the ATO. The ATO has made an adjustment with the 'choice of fund' rules which means you might need to do something extra when a new employee starts to work for you.
Read MoreAs we near the end of March 2021 and head towards 30th June, there are a number of key measures for businesses to consider particularly for entities where they use their Motor Vehicles for personal use. The provision of cars by employers to employees remains an issue that continues to create confusion for some business taxpayers.
Read MoreThe aim of the loss carry-back legislation is to provide temporary cashflow support to Australian companies that were in a tax-paying position prior to the COVID-19 pandemic, but who now find themselves in a tax-loss position as a result of the pandemic and/or through obtaining accelerated deductions for depreciation under the new instant asset write-off measures.
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Borrowing can be a great strategy, but it can also be a hindrance depending on the reason that you are borrowing. Learn the power of borrowing and when it is a good idea in the following video.
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As we move closer to the shakeup of the JobKeeper payments, our team have put together a concise summary of the many parts that business and clients need to consider. Key dates, assessment of eligibility and how your employees will be paid are all considered in this article.
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As we near the end of September, important changes will be happening for all business including Sole Traders currently receiving Jobkeeper support. Now is the time to make sure you are on track to meet all new lodgement and re-assessment obligations to ensure you continue to receive support for your business through these trying times.
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