PayPal, eWay, Stripe, Authorize.Net, or Ezidebit: Which Is The Best For Your Business Payment Solutions?
As coronavirus has changed the way we work and live, and how Australian small businesses operate. I have revisit this post originally posted in 2016 comparing the most popular payment solutions for small businesses. Time flies, it has been more than 4 years since, the...
JobKeeper 2.0 – The New Requirements
The future of JobKeeper Between April to May 2020, JobKeeper was taken up by 920,000 organisations and around 3.5 million individuals – 30% of pre-Coronavirus private sector employment. On 21 July 2020, the Government announced an extension of the JobKeeper program to...
Homebuilder Eligibility – What Is It And How Do You Aceess
The Government has announced grants of $25,000 to encourage people to build a new home or substantially renovate their existing home. The HomeBuilder scheme targets the residential construction market by providing tax-free grants of $25,000 to eligible...
Important EOFY Actions for 2020
2019-20 has been an unusual year. This year, more than ever, we want to ensure that we help you reduce your tax exposure and minimise the risk of an audit by the regulators. This end of financial year update outlines the actions to take to do exactly that. We want to...
8 Ways to Work Effectively with Your Accountant
When you work effectively with any supplier, consultant or service provider you naturally get more ‘bang’ for your buck. Your accountant is no different. With our decades of experience, we’ve seen it all. Yes, even the good old fashioned ‘show box’. As qualified...
How Should I Choose My Business Structure And The Tax Impact
As a qualified and experienced Accountant, we really understand the importance (and differences) of each of the accounting structures a business can setup under. All entities’ types are definitely not the same and we hope this clears up some uncertainty around...
2019 End of Financial Year Checklist For Small Businesses
The future of JobKeeper Between April to May 2020, JobKeeper was taken up by 920,000 organisations and around 3.5 million individuals – 30% of pre-Coronavirus private sector employment. On 21 July 2020, the Government announced an extension of the JobKeeper program to...
2019 Budget Summary & Highlights
Well, the Federal Budget was handed down on Tuesday night 2nd April – about a month or so earlier than the usual May date. As we are a Melbourne accounting firm, I’ll focus on the impacts particularly for Victoria and to business and tax payers generally. Prime...
GST On Property Developments – The Big Changes For Developers And Purchasers
If a Bill currently before Parliament passes, from 1 July 2018, purchasers of new residential premises or new residential subdivisions will need to remit the GST on the purchase price directly to the ATO as part of the settlement process. This is a significant change...
Power And Influence – The other business influencer that can make or break you
Did a Kardashian really just wipe US $1.3bn off the share price of Snapchat? A tweet from Kylie Jenner saying “sooo does anyone else not open Snapchat anymore? Or is it just me… ugh this is so sad” is being credited as the catalyst for an 8% drop in Snap Inc’s share...
Important Dates and Tax Deadlines
2020 Tax Return
For your income between
01 July 2019 – 30 June 2020