EOFY 2021: Tax and cash flow planning

The end of the financial year is an important time to consider a number of tax planning initiatives to help minimise your tax liability and increase any potential refund. Timing is a traditional hallmark of tax planning, so keep in …

Tax deductions for bad debts

April 2021 has become a closely observed month with many of the government’s COVID-19 economic supports coming away. As with the wind down of any stimulus, there’ll be inevitable business casualties, …

FBT: Small Business Concessions

If you own a small business still recovering from the COVID-19 economic downturn, remember that you can take advantage of Fringe Benefits Tax (FBT) concessions to lower the amount of FBT you need to …

FBT: A quick guide

While income tax and company tax seem to be front of mind for most businesses, Fringe Benefits Tax (FBT) is also applicable when employers provide certain benefits to their employees or associates of employees (usually family member …

Tax impact of multiple jobs

It’s not uncommon these days for people to have more than one job and employer, or even a mix of wages and contract income, as a way of maintaining their preferred lifestyle. But what are the tax implications of this? …

How to sell your business

We’re often asked the best way to sell a business. There are two key components at play in the sale of a business; 1) structuring the transaction and 2) positioning the business to the market. Both elements are important and can sig …

JobKeeper 2.2: from 04 January 2021

With the second extension period of the JobKeeper scheme taking effect from 04 January 2021, it's timely to review the key dates in relation to the end of JobKeeper 2.1 and the start of JobKeeper 2.2. …

Can your business take advantage of JobMaker?

If your business is thinking of hiring new staff, now is the time, the Government will pay employers a subsidy of sorts for each eligible young worker employed over the next 12 months. …

Remember when term deposit interest rates meant something

Cash plays a significant role in our lives. It provides stability and reassurance, liquidity, flexibility and comes with a government guarantee of up to $250,000 for bank deposits. …

JobKeeper: what's changing

Businesses receiving JobKeeper payments need to be aware of recent changes which extend the eligibility of the program, meaning more of your employees may be eligible. Employee eligibility has been changed …