A number of business support packages have been announced with the recent NSW/Sydney lockdown. We have put together a summary and detail around what is available. Read more…
The snap lockdown in Victoria has resulted in many businesses being impacted and, consequently, support packages being offered and updated.
For your information we have put together an overview of two Circuit Breaker Support Packages:
- Business Costs Assistance Program - Round Two
- Licensed Hospitality Venue Fund 2021
There are a couple of significant matters that we feel need to be pointed out to all employers as we get close to the new financial year.
With a background of a faster economic recovery than had been expected and with record high iron ore prices, Josh Frydenberg presented his 2021/22 budget with not a sign of austerity in sight.
Government spending aimed at continuing to drive the economic recovery and reducing the unemployment rate to below 5% seemed to be a central strategy.
However, like our last year's update we wanted to just specifically focus on the business taxation announcements and changes to superannuation that we felt would most likely impact our clients.
As we approach 30 June 2021, reviewing your superannuation funds and understanding the super contribution rules can provide valuable benefits when undertaking tax planning. Read more…
Whilst the pandemic has had a negative impact on the Australian economy generally, what we are seeing from many of our clients are quite strong results for the financial year. Industries like transport and logistics and building and construction have generally fared quite well. Many of our primary producer clients have had exceptional years.
So tax planning this year will be as important as ever.
Thankfully there are a few quite positive actions that businesses can undertake to help manage the taxation outcomes. I have categorised the measures into three broad categories – Savings, Investing or Timing measures. Read more…
Life is meant to be lived! Our longest serving employee, Michele Nesich, is a shining example of just that!
While many of you will have met Michele during her 40 years with us, we asked her to share a bit more about herself.
Here's what she said
A number of Grants and Programs are currently available for small and farm businesses and commercial landlords. Below is a summary of:
- Small Business Fees & Charges Rebate (NSW)
- Rural Finance - Farm Safety Rebate Scheme (Victoria)
- COVID-19 VIC Commercial Landlord Hardship Fund Read more…
If your business has employees (including the directors of the company or trustee company) then you should consider whether any fringe benefits have been provided to them. Read more…
In a business world where the definition of 'normal' is in constant flux, the need for accuracy & timeliness in financial information has never been more important. A well-resourced and skilled finance team is crucial to ensuring the key decision makers of your organisation are armed with the strategic information they need to navigate through the uncertainty of the modern business environment. Read more…