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...
Christmas Parties and Presents – and Tax

Christmas Parties and Presents – and Tax

Christmas is a great time to acknowledge and reward your employees and other associates by celebrating and giving gifts. But don’t get caught out by entertainment rules! Claiming entertainment and gifts as business expenses is not always straight-forward, as there are...