If you’re not too sure whether your Christmas event or gift ideas are Fringe Benefit Tax (FBT) exempt, then take a look at some of the points made here to get a general idea.
Avoiding mistakes results in your refund being processed faster so that you are able to benefit in whatever way you wish from the cash injection into your pocket.
The Single Touch Payroll (STP) Phase 2 reporting is due to begin in January 2022. If you own a business that employs any number of staff, then you need to ensure that you are ready for the roll out of this phase and that you have all documentation in order. Changes are to be made to the way that you…
Recipients of the COVID-19 Disaster Payments will therefore be able to take home more than they previously did with the JobKeeper wage subsidies, because this was taxed.
Applications for the 2021 COVID-19 Business Support Grants opened at 12pm (midday), 16 August 2021. All eligible businesses who apply for a grant during the 3-month application period will receive fundin
The JobKeeper Payment support ended on the 31st March, so it might be expected that small businesses are starting to feel the pressure after a few months without this innovative response by the Australian government to the Covid-19 pandemic effects on this country and its economy.
Eligibility criteria: The grant provides support to employing small and medium businesses across Queensland impacted by the South East Queensland lockdown that commenced on 31 July 2021. Your business doesn’t have to be located in South East Queensland, but you must have experienced at least a 30% reduction in turnover as a result of the lockdown. How to apply: You…
Considering your cyber-security budget has become more critical than ever as many businesses make a transition into an online platform or even dedicate themselves to going fully remote. This will come with a whole host of novel trials that you should try to be ready for. In order to get the ball rolling for you and your IT team, here…
Focus on areas in your business that are steadily growing and giving you that confidence to shift from covid conditions to post covid conditions.
Those affected by changes will be small businesses with closely held payees, micro-businesses that employ very small numbers of staff and those with seasonal employees. These businesses now need to declare the wages of all employees on or before the payment date, not quarterly as was previously expected, and they need to do so by July 1st 2021.