by admin | Sep 8, 2020 | Business, SMSF, Tax & Accounting
Reasons for setting up an SMSF Most people invest their Superannuation in Retail or Industry Superfunds with their employers making contributions of Super guarantee contributions and sometimes salary sacrifice. Fund managers then make investment selection on behalf of...
by admin | Sep 8, 2020 | Business, Tax & Accounting
If your business has received a grant or payment from the Australian Government or a State or Territory Government, you may need to include it in your tax return. Some grants and payments are assessable income and so need to be included in your tax return. Grants and...
by admin | Sep 8, 2020 | Business, Small Business, Tax & Accounting
An understatement is that this has certainly been a difficult year, and we are certainly seeing that many businesses have made a tax loss. A tax loss is when the total deductions you can claim, excluding gifts and donations, are greater than your total income for any...
by admin | Aug 21, 2020 | Business, Small Business
If you haven’t heard yet, changes in the small business loan guarantee by the government now allow small businesses to not just survive through the COVID-19 pandemic but to also grow the business. The $40bn small business loan guarantee, which forms part of the...
by admin | Aug 4, 2020 | Business, Tax & Accounting
Can you claim tax deductions for wage and salary you pay your employees? This is a common question that businesses, particularly those who are new, ask at the end of the Financial Year. As the Financial Year ends and you prepare for the lodgement of your tax returns,...
by admin | Aug 3, 2020 | Business, Economy
During these unprecedented times, I have had many questions from small business owners around what they can or should be doing? My answer to that is to do marketing, and then do more marketing. It will pay massive dividends down the track. It’s a bit like planting...
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