Australian Confirms Director ID Deadline image

Australian Confirms Director ID Deadline

Current Australian directors will now be given 12 months to apply to receive their unique director identification number before fines of over $1.1 million kick in for non-compliance. Existing company directors will now be required to apply for a director identification numbe...

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20 Percent of Australians Report Experiencing Age Related Discrimination <br> image

20 Percent of Australians Report Experiencing Age Related Discrimination

Recently published research has shown that the occurrence of older workers in Australia being subjected to age related discrimination in the workplace has almost doubled in the past five years. According to the Australian Seniors Series: Ageing in the Workforce 2021 report, ...

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Signs That Your Budget Is Failing image

Signs That Your Budget Is Failing

Creating a well-structured budget is an essential part of managing your money intelligently and getting the most value out of your savings. Sadly, not all budgets are created equally and sometimes a poorly organised budget can do more harm than good, thus preventing a person ...

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Treasury Set to Increase Revenue Threshold for Charities <br> image

Treasury Set to Increase Revenue Threshold for Charities

The revenue threshold for small, medium and large charities is set to be increased. This will save over 5,000 charities the need to produce reviewed or audited financial statements. The Treasury is in the process of currently consulting on exposure draft legislation which th...

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Small Businesses Are Concerned About Having Confrontations with Unvaccinated Customers <br> image

Small Businesses Are Concerned About Having Confrontations with Unvaccinated Customers

Businesses across covid-19 ravaged parts of New South Wales and Victoria are looking forward to being able to open to more customers when the states that reach their double vaccination targets. Despite the impending exciting there is also fears of confrontations that will oc...

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Payroll Jobs Drop During The Month of August <br> image

Payroll Jobs Drop During The Month of August

As a result of covid-19 enforced lockdowns, payroll jobs across Australia dropped during the early weeks of August. The Australian Bureau of Statistics (ABS) announced that payroll jobs fell by a further 0.7 percent in the fortnight to Saturday 14th August when compared to a...

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Small Businesses Are Concerned About Having Confrontations with Unvaccinated Customers <br> image

Small Businesses Are Concerned About Having Confrontations with Unvaccinated Customers

Businesses across covid-19 ravaged parts of New South Wales and Victoria are looking forward to being able to open to more customers when the states that reach their double vaccination targets. Despite the impending exciting there is also fears of confrontations that will oc...

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Small Businesses Are Concerned About Having Confrontations with Unvaccinated Customers <br> image

Small Businesses Are Concerned About Having Confrontations with Unvaccinated Customers

Businesses across covid-19 ravaged parts of New South Wales and Victoria are looking forward to being able to open to more customers when the states that reach their double vaccination targets. Despite the impending exciting there is also fears of confrontations that will oc...

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Tips To Help Grow Your Business Quickly <br> image

Tips To Help Grow Your Business Quickly

Running a successful business takes huge amounts of time, effort and devotion. The majority of business eventually fail, here are some tips to help your business avoid becoming another statistic and ultimately go onto to achieve long term success as a business. Hire The Rig...

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Millions Of Pensioners And Jobseeker Recipients To Receive Payment Increase image

Millions Of Pensioners And Jobseeker Recipients To Receive Payment Increase

The Australian Government has announced that age pension, JobSeeker and a range of other social security payments will soon be increased. The Government has revealed that on Monday 20th September, the maximum single age pension rate will increase by $14.80 to $967.50 each fortni...

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Victorian Government Offers Tax Relief Post-Bushfire Crisis image

Victorian Government Offers Tax Relief Post-Bushfire Crisis

An excess of 175,000 business across Victoria will benefit from a four-week $2.34 billion booster package. The package is due to run until the 30th September as the state’s businesses continue to struggle with the ongoing lockdown. On Saturday 4th September, Victorian Prem...

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SME Business Conditions Reached Record Highs Prior To New Lockdowns image

SME Business Conditions Reached Record Highs Prior To New Lockdowns

According to recently published research from NAB, it has been revealed that business conditions managed to reach record highs in the weeks leading up to the new lockdowns which have been enforced across Australia. Improved trading, profitability and employment conditions acros...

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Tourism and Events Queensland Announces New Domestic Tourism Campaign Post Olympics Win image

Tourism and Events Queensland Announces New Domestic Tourism Campaign Post Olympics Win

Tourism and Events Queensland have released a new campaign to promote domestic travel within Queensland during the course of the covid-19 pandemic. The campaign was launching in the week coinciding with Brisbane being named the host of the 2032 Summer Olympics. The campa...

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Australian Consumers Determined To Shop Local During Covid-19 Pandemic  <br> image

Australian Consumers Determined To Shop Local During Covid-19 Pandemic 

The recently published Consumer Sentiment Survey published by NAB illustrates that current economic uncertainty has caused many Australians to become more cautious with their spending. Generally, the majority of Australian consumers report choosing to buy less expensive products...

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Tips For Starting A Business That Makes An Impact image

Tips For Starting A Business That Makes An Impact

If you ask a number of entrepreneurs why they decided to start a business you are assured to receive a variety of different and sometimes surprising answers. Some entrepreneurs begin their business to find a solution to a problem, some might be fed up with working for someone el...

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How Business Owners Can Remain Proactive During Lockdown <br> image

How Business Owners Can Remain Proactive During Lockdown

It is very common for small business owners to talk about how they would love to have some time to work “on their business” and not “in their business”. Although lockdowns can be frustrating and result in a large number of financial challenges, small business owners ...

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Tax Planning Checklist for Small-Business Owners <br> image

Tax Planning Checklist for Small-Business Owners

As the End of Financial Year draws closer here are some important tips to help small businesses minimise their tax position before 30th June. Superannuation If you are wanting to save some real tax money, contributing to your super fund should be one of your strategies, ...

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Consumer Sentiment Across Australia Skyrockets To 94 percent image

Consumer Sentiment Across Australia Skyrockets To 94 percent

Small Businesses in Australia are coming out on top as an unintended consequence of the covid-19 pandemic. Recently published research complied by the Australian Made Campaign has revealed that consumer sentiment across Australia has skyrocketed to support local products to ...

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Tips For Record Keeping To Increase Your Tax Refund image

Tips For Record Keeping To Increase Your Tax Refund

If you are wanting to pay less tax, following a number of very important but very simple record keeping habits could make tax time easier each year and a number of different areas in your life a lot less stress free. Recently the Australian Tax Office (ATO) has begun to crac...

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Tips for Saving Money Faster image

Tips for Saving Money Faster

To save more money, you don’t need to always make huge changes to your lifestyle. You don’t have to suddenly find a new job that pays for five times more than your currently salary. What you need to do is set a few realistic, do-able lifestyle tweaks and decide to commit to ...

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The Australian Tax Office Is Cracking Down on Ineligible Work-From-Home Claims image

The Australian Tax Office Is Cracking Down on Ineligible Work-From-Home Claims

The Australian Tax Office (ATO) wants taxpayers to be aware that there are four key ineligible work-from-home claims they will be monitoring closely as Australians look to make the most of their flexible working arrangements. The ATO has remained taxpayers that while the tem...

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The Australian Tax Office Announces New Recruitment Program for High School Leavers in Regional Areas image

The Australian Tax Office Announces New Recruitment Program for High School Leavers in Regional Areas

The Australian Tax Office (ATO) has announced a new recruitment program that gives recent high school graduates living in four regional towns an opportunity to land a 12-month job with the ATO. The program known as the “Career Kickstart Program” will be available for recent...

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Tips for Preparing and Writing A Grant Application image

Tips for Preparing and Writing A Grant Application

Whenever there is an opportunity to apply for a grant which could benefit you or your business it is super important to make sure you are organised and fully prepared before you apply. Successful grant applicants must meet the grants eligibility criteria. It should also have...

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Information About the Costing & Pricing Learning Program <br> image

Information About the Costing & Pricing Learning Program

The Curtin University Not-for-profit Initiative has teamed up with NDS to develop a practical learning program which aims to increase costing and pricing skills for disability service providers across Australia. The purpose of the program is to build knowledge and skills aro...

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Alcohol Producers Set to Receive Tax Cuts of Up To $250,000 A Year  image

Alcohol Producers Set to Receive Tax Cuts of Up To $250,000 A Year 

The federal government has announced that as part of the May 2021 Budget, Independent distillers and craft brewers across Australia will receive tax cuts to encourage them to invest more money into their businesses. The additional money saved as a result of the tax cuts will ...

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How to Claim Tax Deductions on Donations You Make to A Charity image

How to Claim Tax Deductions on Donations You Make to A Charity

Often when you donate money to a charity, your donation can be tax deductable. Tax deductible donations are a fantastic way to give your tax refund a boost while contributing to a worthy cause that is close to your heart. This is the definition of a win-win situation. It is ...

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Tips for Starting A Business During the Covid-19 Pandemic image

Tips for Starting A Business During the Covid-19 Pandemic

Millions of businesses across Australia have been financially impacted by the covid-19 pandemic. Sudden long downs and restrictions on the number of people allowed in venues has made it difficult for many businesses to remain financially viable. This means that starting a busine...

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Planning an Exit Strategy for Your Family Business image

Planning an Exit Strategy for Your Family Business

Planning and executing a successful exit strategy to either sell your family business or introduce a succession plan within your family has many challenges. Particularly in the age of covid-19 when banks have stricter borrowing conditions. Businesses at the present time are als...

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Tips for Getting A Bigger Tax Refund  image

Tips for Getting A Bigger Tax Refund 

Every year millions of Australians miss out on taking advantage of a large number of legitimate tax deductions. It is highly valuable for employees and employers alike to determine if they are getting the full tax refund that they are entitled.   Here are some tips...

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CGT and FBT Exemption Draft Legislation Released image

CGT and FBT Exemption Draft Legislation Released

The Australian Government has published two pieces of draft legislation which were originally announced in the most recent federal budget from October 2020. The first piece of legislation which has been released include measures to exempt employers from the 47 percent fringe ben...

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Advice for Practitioners Wanting to Start Their Own Laser Hair Removal Clinic  image

Advice for Practitioners Wanting to Start Their Own Laser Hair Removal Clinic 

Working for yourself can be very rewarding for individuals working in the beauty services industry. Here are some tips to help practitioners who are wanting to start their own laser hair removal clinic. Make Sure You Are Legally Certified and Obtain A “Cosmetic Possession Lic...

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Getting A Licence from The ATO To Legally Distil Alcohol in Australia image

Getting A Licence from The ATO To Legally Distil Alcohol in Australia

If you are an Australian resident who aspires to distil their own alcohol, it is essential to be aware of the fact that you are required to pay tax on the alcohol you produce. Australians are required to obtain a licence to distil alcohol which is available to obtain for free fr...

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70,700 New Jobs Were Added to The Australian Workforce in March 2021. image

70,700 New Jobs Were Added to The Australian Workforce in March 2021.

The Australian Bureau of Statistics (ABS) has announced that almost 71,000 new jobs were added to the Australian workforce between February and March 2021. The total hours worked has also returned to the same levels that were recorded prior to the covid-19 pandemic. These figur...

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Marketing Tips For Sleep Clinics Wanting To Attract More Customers image

Marketing Tips For Sleep Clinics Wanting To Attract More Customers

It super important for owners of sleep clinics to take their marketing strategy for their business seriously if they are wanting to stay engaged with their existing clients and attract a larger number of patients. Focus on creating a brand that your customers will trust and are...

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Tax Deductions for Hospitality Workers image

Tax Deductions for Hospitality Workers

The hospitality industry has been one of the hardest hit sectors during the covid-19 pandemic. To make your financial situation less difficult it is important for hospitality workers to be aware of the many tax deductions that they are entitled to thus allowing them to put a huge...

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Business Advice for New Distillers image

Business Advice for New Distillers

If you are thinking about starting or have recently established a business that specialises in distilling alcoholic spirits here are some tips to help your business become more successful. Focus on Building Your Unique Brand Creating an alcoholic beverage that tastes great i...

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Calls for Tax on Draught Beer to Be Reduced By 50 Percent image

Calls for Tax on Draught Beer to Be Reduced By 50 Percent

Pubs across Australia are requesting for the federal government to reduce the tax on draught beer to lessen the burden on inner-city venues that have been financially disrupted by the covid-19 lockdowns and restrictions since the beginning of the pandemic. There are calls being...

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The ATO Is Ramping Up Audits to Capture Unpaid Duty on Alcohol image

The ATO Is Ramping Up Audits to Capture Unpaid Duty on Alcohol

Restaurants and bottle shops can soon expect to be contacted by the Australian Tax Office (ATO) in relation to potential audit action as the tax agency aims to tighten its grip on the sale and distribution of illicit alcohol. The ATO has recently issued Taxpayer Alert TA 2020/1...

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