20 September 2022 is the cut-off to register for your .au direct domain. The .au domain is the new, general purpose, shorter Australian domain name option. – Register your .au domain!
Register your .au domain!
read more
business owners
Business strategies to kick-start the financial year
A new financial year brings new opportunities, and there is no better way of starting the financial year then with a solid business plan. This article lists small business strategies including Insurance, Tax planning, business planning and more to help get you started. – Business strategies to kick-start the financial year.
Tips for starting your own successful business
The dream of starting your own business often stays just that, a dream. Many people have a great start up idea but get overwhelmed when they start looking into everything that is required to take their idea and turn it into a thriving business. This article outlines some tips for translating your dream into reality. – Tips for starting your own successful business.
Is Trade Finance worth the cost?
For the SMEs that deal with suppliers with either long lead times, various geographical locations or other complexities, financing the purchase of goods can be a challenge. Is Trade Finance Worth it?
FBT 2021: Tax & Employee Benefits
Fringe benefits tax (FBT) is one of Australia’s most disliked taxes because it’s cumbersome and generates a lot of paperwork. The COVID-19 lockdowns have added another layer of complexity as many work patterns and behaviours changed.
Winding-up: Simplifying small business insolvency
On 1 January 2021, new laws came into effect that introduce a new, simplified debt restructuring and liquidation framework for small business.
Refunds for Tax Losses
If your company has made a loss, you may be able to claim a tax refund for tax previously paid on profits.
Tax deductions for investing in your business
Stimulating investment is high on the Government’s agenda. To encourage spending, the 2020-21 Budget introduced a measure that allows businesses with turnover under $5bn* to immediately deduct the cost of new depreciable assets and the cost of improvements to existing assets in the first year of use. This means that an asset’s cost will be fully deductible in the year it’s installed ready for use, rather than being claimed over the asset’s life. And, there is no cap on the cost of the asset.
Tax Table Reminder
The 2020-21 personal income tax cuts announced in the Federal are now law.
JobMaker Hiring Credits: What We Know So Far
We’ve had quite a few questions about the JobMaker hiring credit announced in the 2020-21 Federal Budget. The legislation enabling the JobMaker scheme has not passed Parliament as yet and until this occurs, the JobMaker rules are not certain and may change. More details should be available soon and we’ll let you know as soon as we have some certainty.
Preventing a Tsunami of Insolvencies
The Government has stepped in to prevent a wave of insolvencies when the COVID-19 support measures run their course in December 2020.
JobKeeper: The Next Steps
The first tranche of JobKeeper ended on 27 September 2020. We look at the issues for those seeking to qualify for the second tranche of JobKeeper and for those no longer eligible.