Businesses Can Expect Faster Payments and Savings When Compulsory E-Invoicing Starts In NSW
Businesses across New South Wales can expect to see quicker savings and payment times once mandatory e-invoicing is introduced for all government agencies across the state on 1st January 2022. It will it will bring a host of other benefits for small and medium businesses when sending and receiving invoices to the government. The implementation […]
Queensland State Government Announces 30,000 Tourism Vouchers to Spend on The Gold Coast
In a bid to attract more local tourists back to one of Queensland’s most popular tourism destinations, The Palaszczuk has launched 30,000 tourism vouchers worth $100 each, to be redeemed by tourists when they visit the Gold Coast. The purpose of the initiative is to help businesses recover from the impacts of the covid-19 pandemic […]
Common Tax Deductions Available for Sale Professionals
There are a number of common tax deductions available for sale professionals. It is important that you are aware of what you are eligible to claim so that you can get the most out of your tax return. Whether you are a real-estate agent, car sales person or sales rep, working in sales can […]
Tax Advice For Uber Drivers In Australia
Uber has become a popular way for Australians to earn additional income. However, drivers can find themselves potentially getting into serious tax related problems unless they do it right. The concept of being an Uber driver is unique and gives drivers a flexible opportunity to earn additional income for anyone who owns a good quality […]
Tax Deductions For Truck Drivers
Spending long periods of time away from your home can be expensive for many truck drivers. Thankfully there are plenty of expenses that can be claimed as a truck driver tax deduction on your annual tax return. As you are likely to expect, maintenance and repairs of your vehicle as well as running costs can be […]
The End Of JobKeeper Has Cost 56,000 Jobs To Date
Newly released data from Single Touch Payroll has revealed that 56,000 workers who were previously on JobKeeper have lost their jobs. This is an increase in 16,000 which is up from the figures of 40,000 jobs from the data published two weeks ago. “The data suggested that up to 40,000 former JobKeeper workers lost employment […]
46 Percent of Small Business Owners Admit to Mental Health Problems
Research published by MYOB has shown that 46 percent of small and medium sized business owners believe that running their own business has directly contributed to feelings of depression or anxiety. Furthermore, another 26 percent ranked mental health as an “immediate” problem in their daily life and workplace. These figures illustrate that the pandemic is taking […]
Tips for Avoiding Confusion Over JobKeeper Payments at Tax Time This Year
Australian businesses and their workers who benefited from the federal governments JobKeeper wage subsidy will now have to navigate what it all means at tax time. On top of this, many individuals who withdrew their superannuation during the covid-19 pandemic to support themselves financially might also be unsure of their requirements at tax time too. […]
Small Businesses Save $8.9 Billion Through Recommendations from Advisers
Throughout the covid-19 pandemic, Australian small businesses have sought the advice of accountants and bookkeepers to help overcome the many challenges they have been dealt with during one of the most unpredictable times of human history. Recent research illustrates that $36.4 billion was injected into the small business sector through grants, investment guidance, or other […]
The Australian Government Is Planning More Insolvency Reforms
Small businesses across Australia that operate via a trust will now be considered for further protection, as the federal government contemplates further insolvency reforms as part of the May 2021 federal budget. On Monday 3rd May, the Treasury announced that the Australian Government will be holding a consultation regarding how trusts are currently being treated […]
