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NSW COVID-19 Relief Package for Small Business
As you may have heard the NSW Government announced a number of relief measures on 13 July 2021, including a number of measures to assist NSW businesses. The key business relief measures are summarised as follows: • Business Grants
Superannuation Guarantee Increase
The Superannuation Guarantee, or SG for short, is an employer’s regular payment to an employee’s super fund. It is currently set at 9.5% of ordinary earnings. The minimum percentage that businesses must pay will gradually grow, with the next
Family Assistance Payments
If you receive Child Care Subsidy and Family Tax Benefit payments from Services Australia, you must lodge your 2019–20 Individual tax returns by 30 June 2021. Lodgment deferrals with the ATO do not alter this requirement. If you are
Avoid extra tax with a Trust Distribution Resolution before 30 June 2021
In the lead-up to 30 June 2021, we want you to be aware that you need to complete your trust distribution resolutions before 30 June. Why? To avoid paying extra tax of up to 47% of Trust profits. How
The Value of Cashflow Forecasting During a Crisis
Projecting your cashflow pipeline forwards during a crisis is vital. To be able to navigate the future path of your cashflow, you need to start forecasting – so you can map out your financial position over the coming months
Key points in the Federal Budget 2021-2022
The Federal Budget 2021-22 has many announcements and proposals aimed at economic recovery and includes investment in jobs, essential services, business incentives and tax cuts. Budget Highlights for Business Temporary full expensing measures extended until 30 June 2023 – eligible