On the 26th May 2020 Scott Morrison unveiled plans for the new “Job Maker” program, as part of his plans to reignite the Australian economy.
JobKeeper Payment Scheme
The JobKeeper Payment was introduced by the Australian Government as part of its economic response to the Coronavirus. The underlying idea being to maintain a positive employer-employee relationship …..
Have you purchased a business asset over $150,000?
If you’ve purchased a business depreciating asset after 12 March 2020 which costs more than $150,000, then these new accelerated depreciation measures impact you.
$150,000 instant asset write-off
If you’ve listened to the news lately, you’ll notice car sales have plummeted since the beginning of Covid-19. While the new Instant Asset Write-off legislation introduced on 12 March 2020 relates to more than cars, this is the question we’re most asked.
Have you checked your bottom line yet?
While many businesses may be experiencing a downturn in cash flow at this point in time, the business may still have an overall profit for the 2020 financial year. This only means one thing….there will be tax to pay.
Working from home? Don’t forget to get dressed!
So, you’ve been asked to work from home. How does this change both your responsibilities and your employers? Apart from the obvious of not physically being at the office, it doesn’t change the mutual obligations….
New minimum pension requirements start now!
For many retirees, the significant losses in financial markets as a result of the COVID-19 crisis are having a negative effect on the account balance of their superannuation pension or annuity. To help retirees….
Business affected by Covid-19?
The most common question we have been asked this week is ‘what options are available to help my business, staff and myself get through Covid-19’. We have been able to offer numerous options to our clients….
Common self-managed superannuation mistakes and how to avoid them
One major mistake with an SMSF is for members to take money out of the fund to pay for personal or business expenses. Often, members are unaware they’re withdrawing money….
Looking to buy an established business? Need to conduct due diligence, what is it?
Due diligence is a comprehensive appraisal, which is conducted by the buyer to establish the commercial potential of a business before final purchase.