Federal Budget 2020 Snapshot

Federal Budget 2020 Snapshot

The government handed down a budget earlier this week specifically designed to pull Australia out of the Covid19-led recession. According to Treasurer Josh Frydenberg. “The global economic environment remains uncertain with the impact of this crisis to be felt for...
Business Survival and Adaptation Package

Business Survival and Adaptation Package

Support for Covid-restricted businesses in VictoriaThe Victorian Government is investing $3 billion to help businesses impacted by ongoing restrictions and prepare for COVID Normal business.$3 billion in cash grants, tax relief and cashflow support will be delivered...
JobKeeper 2.0 – Passes Parliament!

JobKeeper 2.0 – Passes Parliament!

JobKeeper 2.0 legislation (worth about $32 billion) has now passed both houses of Parliament, and is now law (subject to the formality of Royal Assent). This legislation extends the government’s wage subsidy program by six months to 28 March 2021 and ensures those not...
Top 10 FAQ by Companies Filing Tax Returns for the First Time

Top 10 FAQ by Companies Filing Tax Returns for the First Time

Starting your business and running a company can be daunting, especially when you have limited accounting experience. However, armed with some basic knowledge and by employing the services of a user-friendly accountant, running your business and paying taxes can be a breeze. An accountant is a powerful ally, and can help you navigate the financial minefield, including the dreaded Australian Tax office (ATO)!

JobKeeper Wage Subsidy Update

JobKeeper Wage Subsidy Update

With the end of the financial year just around the corner we highlight below the main points worth considering this tax time. It is worth noting that we would always recommend sitting with your tax adviser who would be best positioned to advise on a tax strategy for your individual business.

30 June 2020 Tax Tips – For Businesses

30 June 2020 Tax Tips – For Businesses

With the end of the financial year just around the corner we highlight below the main points worth considering this tax time. It is worth noting that we would always recommend sitting with your tax adviser who would be best positioned to advise on a tax strategy for your individual business.

Court Ruling on Casual Entitlements

Court Ruling on Casual Entitlements

In a landmark ruling on Wednesday, the Federal Court confirmed a casual mining worker employed by labour-hire firm WorkPac was entitled to paid leave — a decision that could drastically change payroll costs for many firms.The Australian Industry Group was quick to...
Innovation and Leading Industries in a Recession

Innovation and Leading Industries in a Recession

Your Survival Guide This article is about highlighting what’s possible and what to do going into the very likely recession ahead. It’s about what we do as leaders to ensure we’re leading our business and our people effectively. It’s about creating businesses that...
Managing Cash Burnout

Managing Cash Burnout

During this time of crisis, we must slow the cash burn. The income that you’ll be generating is no longer there or is non-existent, so it is important to understand your cash flow.And even with restrictions being lifted in phases, it’s prudent to be able to protect...
Make Informed Decisions with Your Recession Response Plan

Make Informed Decisions with Your Recession Response Plan

Sadly, COVID has shaken so many businesses who have not had a chance to put a recession response plan in place: Contracts cancelled, increased staff attrition, sales way off target!What will happen in the future; how the government will react and what the new normal...