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Business Resilience Package
Business Resilience

Business Resilience Package

  • November 9, 2020
  • by Daniel
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To help your business navigate through these extremely difficult times, the Government has provided some financial assistance with their recently announced ‘Business Resilience Package’. Due to the Victorian Government’s Stage 3 & Stage 4 Restrictions put in place to combat…

2020/21 Federal Budget
Budget Sumamry

2020/21 Federal Budget

  • November 9, 2020
  • by Daniel
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1. Personal income tax changes 1.1 Changes to personal income tax rates The Government has announced that it will bring forward changes to the personal income tax rates that were due to apply from 1 July 2022, so that these…

JobKeeper Payment Scheme Fact Sheet
JobKeeper

JobKeeper Payment Scheme Fact Sheet

  • November 9, 2020
  • by Daniel
  • No Comments

The JobKeeper Payment is a scheme, administered by the Australian Taxation Office (ATO), aimed at supporting businesses and not-for-profit organisations significantly affected by COVID-19, to help keep more Australians in jobs. Whilst it was originally due to run until 27…

ECONOMIC RESPONSE TO THE CORONAVIRUS
Covid Update

ECONOMIC RESPONSE TO THE CORONAVIRUS

  • March 18, 2020
  • by Daniel
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This assistance will support businesses to manage cash flow challenges and help businesses retain their employees. These two measures are designed to support employing small and medium enterprises and to improve business confidence. In addition, the wage subsidy for apprentices…

STP AND SUPERANNUATION GUARANTEE
STP Superannuation Guarantee

STP AND SUPERANNUATION GUARANTEE

  • December 14, 2019
  • by Daniel
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In a presentation at the Australian Institute of Superannuation Trustees Chairs Forum, the ATO’s Deputy Commissioner confirmed that as a result of STP, the ATO now has an “unprecedented level of visibility” of super information.

$30000 INSTANT WRITE OFF
Asset Write Off

$30000 INSTANT WRITE OFF

  • October 5, 2019
  • by Daniel
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The ATO is reminding businesses that are looking to expand or improve their business and thinking of buying new or second hand assets, that medium sized businesses with a turnover up to $50 million (but at least $10 million) are…

USES OF FINANCIAL REPORTS

USES OF FINANCIAL REPORTS

  • August 1, 2019
  • by Daniel
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Financial statements may be used by different stakeholders for a multitude of purposes. Owners and managers require financial statements to make important business decisions affecting its continued operations. Financial analysis is then performed on these statements, providing management with a more…