Tax Tips for small businessess

Tax Tips for small businessess

Common Tax Deductions for Small Business There are many expenses common to most small businesses, and there are other expenses that are specific to the nature of the goods or services the business provides. Are you claiming all the tax deductions that you are entitled...
June 2020 – Planning Opportunities to Consider

June 2020 – Planning Opportunities to Consider

It is hard to believe that the end of financial year is almost upon us. Below are some important year end planning opportunities that you might like to discuss with your Tax Agent. 1. Instant asset write-off – assets purchased and ready for use between 12 March 2020 –...
8 ways to save time and money in your business

8 ways to save time and money in your business

Like everyone, business owners are always looking for ways to save time. Every minute spent on admin or fixing mistakes is a minute that could be spent on business-building work. When time really is money, it’s worth finding ways to reduce those tedious and repetitive...

Why accurate leave management is so important

Managing employee leave might seem like quite a basic task for many businesses – especially smaller ones with only a few employees – and it can be tempting to take a relaxed approach. But unless you diligently track, manage, and pay leave for every single employee,...

Contractor or Employee – What you need to know

What is the difference between a contractor and an employee and whose responsibility is it to get right? An employee works in the business and is integral to that business as rights and entitlements under the Fair Work Act 2009 as a reasonable expectation of ongoing...
JobMaker

JobMaker

The JobMaker hiring credit scheme is now open for registration. OVERVIEW The Economic Recovery Package (JobMaker Hiring Credit) Amendment Bill 2020 has been passed into law, receiving Royal Assent on 13 November. The legislation allows the Treasurer to make rules by...