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Accounting Automation Software Systems
Are you still using slow, manual, old-fashioned accounting processes? Using spreadsheets, paper export reports, and lots of data entry? Or have accounting software and not use it’s automation features? Those days are behind us. We have the technology to make accounting faster, more accurate, and far more productive. It shouldn’t be…
Work out which registrations you need
When you're starting a new business, it's important to find out what registrations apply to your business to ensure you're complying with all relevant regulations. You may need to register your business for a number of tax obligations. The most common tax registrations businesses need is a tax file number…
Extraordinary Disaster Assistance Recovery Grants – South East Queensland
There are Extraordinary Disaster Assistance Recovery Grants and Disaster Assistance Loans which are now available to assist small businesses, primary producers and non-profits who were impacted by the South East Queensland rainfall and flooding events between 22 February – 7 March. What is available? Grants of up to $50,000 to eligible applicants available for…
FBT Year Ends on 31 March 2022
The Fringe Benefits Tax (FBT) year is ending on the 31st March 2022. The last thing you want is to realise in early April is that you have exceeded the threshold and find yourself with a FBT liability. Employers are required to perform a self-assessment of their FBT liability and…
Australian Government Disaster Recovery Payment
What is it? A lump sum payment to help you following the South East Queensland floods in February 2022. The Australian Government Disaster Recovery Payment can help if you’ve been significantly affected by a disaster. It’s a lump sum payment to help you if you’re in a Local Government Area…
Elder Abuse
Elder Abuse is any act carried out by someone to an older person they know and trust, such as family and friends, which causes them harm. It is a form of violence, in that many perpetrators are family members. It covers not only mental and physical abuse. It includes financial…
COVID Tests will now become tax deductible in 2022 following Government announcement
The federal government has announced it will make COVID-19 tests tax-deductible for Australian individuals and exempt from fringe benefit tax (FBT) for businesses when they are purchased for work-related purposes. This means that for every COVID-19 test you pay for in order to do your job or run your business, you will get…
Fair Work rules every farm worker on every farm entitled to take home a minimum rate of pay
Last November, the AWU secured an historic industrial win for fruit pickers by successfully arguing the Horticulture Award should be altered to ensure every worker is entitled to take home the minimum casual rate of pay, currently $25.41. Changes to the Horticulture Award will come into place on 28 April…
Accessing your Super
Getting Your Superannuation You can get your super when you retire and reach your 'preservation age' — between 55 and 60, depending on when you were born. There are special circumstances where you can access your super early. When you can get your super You can get your super when…
Working Backwards – Developing and Documenting a Business Plan
Developing and documenting a business plan is challenging, and for some it is not a guiding map, rather a document put together to satisfy a lender. Amazon use a methodology to develop product which may assist you drill down to what you really are in business for. It’s detailed in…
