In addition to the Australian Federal Government economic stimulus package in response to the Coronavirus, State Governments have also issued support packages to businesses which vary State by State. Queensland Government Payroll Tax Support (QLD) A payroll tax relief package is now available for all businesses which defers payroll tax for up to six months. […]
Cloud computing is not a new phenomenon. If you have an e-mail account such as Gmail or Hotmail, have ever bought something online, or have a Facebook account, you’ve used cloud computing. But cloud computing used by businesses is different. Cloud computing, at a broad level, is the provision of information technology resources as a […]
The Reserve Bank of Australia has again decided to leave the official cash rate at 2.00%. This approach was predicted by many commentators as the Reserve Bank assesses the impact of the lower Australian dollar, falling fuel prices, a volatile share market and a slowing housing market. The lower Australian dollar and resultant increase in […]
Small business owners are eligible for concessions to reduce the capital gain on business assets upon their disposal. However there are basic conditions that must be met before a taxpayer can access these concessions. These conditions are – You must be a small business entity. You will be a small business entity if you are […]
On 1 January 2017, the assets test used to determine entitlement to income support benefits, including the age pension, will change. The questions are, will this impact you? And would or should you do anything? Presently, a single homeowner can have assets of $783,500 and a couple can have $1,163,000, before they lose their pension […]
SMALL BUSINESS SUPERANNUATION CLEARING HOUSE (SBSCH) INFORMATION – A FREE SERVICE. The SBSCH is a free service managed by the ATO to allow employers to pay their superannuation contributions in one transactions and helps reduce compliance costs with the Superstream legislation. From 1 July 2015, any small business with a turnover of less than $ […]
The Board of the Reserve Bank have decided to leave the official interest rate unchanged for the month of October 2015. The official cash rate remains at the historical low of 2%. The next meeting to review interest rates is scheduled for November 3 2015.