Instant asset write-off December extension
Extending the instant asset write-off The Government has announced that it will extend the $150,000 instant asset write-off for six months to 31 December 2020. Australian businesses with annual turnover of less than $500 million will be able to take advantage of this extended timeframe to invest in assets to support their business as the […]
Working together during COVID-19 – UPDATE
Working together during COVID-19 to focus on personal health and safety Firstly we hope that you are all well……..what a few weeks we have all endured! With the changing landscape due to COVID-19, we are all under pressure and face anxious days and nights as we work through what we can and can’t do. As […]
Coronavirus Economic Stimulus Package UPDATE
Supporting Australian workers and business The Commonwealth Government has released the second stage of its stimulus plan to cushion the economic impact of the coronavirus and help build a bridge to recovery. A total of $189 billion is being injected into the economy by all arms of Government in order to keep Australians in work […]
2020 Business Resolutions
Being accountable, sticking to plans and kicking goals I don’t know about you but running your own business can be a very lonely place. Very rarely do we have a support network around us that really understands the issues that arise, the things that keep us awake at night which consequently affects the relationships we […]
Disclosure of business tax debts
Taxation Administration (Tax Debt Information Disclosure) Declaration 2019 Following the enactment of legislation in late 2019, the ATO can disclose certain business tax debt information to external credit reporting bureaus. This information will primarily be used when issuing external creditworthiness reports in relation to relevant businesses, effectively treating tax debts in a similar manner to […]
From the desk of Justin Flavel
I am a bit of a cricket tragic And, like a lot of Aussies, I was glued to the television on “that” Sunday as Australia were beaten by a plucky England a Headingley. Right before me one man was changing the course of the game and ultimately changing history whilst going down in cricket folklore. […]
Numbers should tell a story
Money is a tricky topic for a lot of business owners There’s the matter of how to account for it, how to present it and, of course, how to raise it. In this day and age where accounting has been made a lot easier and financial information more transparent, how should business owners approach their […]
Driver-based forecasting
Connect the Dots from Driver to Success Build accurate, responsive forecasts using key business drivers It’s easy to build forecasts based on key business drivers if you know how. We help you to choose the inputs that drive your business activity – from price and quantity, through to billable hours, head-count or even days worked. […]
ABN applications
Changes to ABN application process The ATO has made changes to the Australian Business Number (ABN) application process to help safeguard its integrity. The recent changes focus on: identifying people going through the application process multiple times confirming entitlement and helping people understand their obligations where there may be some doubt ensuring only those who […]
Cashless society
Is cash set to become a thing of the past? Some financial professionals are predicting Australians could be living in a cashless society in less than a decade. What does the potential death of cash mean for you personally and for Australian society as a whole? We explore the current trends in consumer payment behaviour […]
