By Ryan Miller
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News | Tax Advice & Planning
For many small businesses such as recruitment agencies and IT firms, the end of the financial year (EOFY) can feel overwhelming. Between payroll obligations, GST reporting, contractor payments, and managing project revenue, bookkeeping tasks can quickly pile up. As the 30 June 2026 EOFY approaches, proactive tax planning can make a significant difference to your cash flow and compliance. This...
In a time when headlines constantly highlight economic pressure, rising inflation, and soaring interest rates across Australia, it’s easy to blame these external factors for the increasing rate of business insolvencies. But is this the full picture? A deeper analysis reveals a more nuanced reality that business owners need to understand to safeguard their enterprises. The Alarming Trend in Australian...
The pandemic has been one of the most significant tests of resilience many businesses have ever faced. But one of the hard realities of business is that there are countless challenges which can test a business’ sustainability and resilience over time. Economic volatility or recession, talent shortages, higher costs and increased competition can all threaten a business’ viability. The most...
Is my business ready to outsource our accounting? There are several signs your business may be in need of an outsourced accounting services: You’re investing too much money and time into in-house accounting You’re not happy with how your accounting or bookkeeping is being handled in-house You’re on the cusp of growth and could benefit from more sophisticated financial governance...
By Ryan Miller
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External CFO | News | Tax Advice & Planning
JobMaker, the Federal Government’s most recent financial support package for Australian businesses, aims to target and lower the youth unemployment rate through bolstering wage costs of newly created jobs for the younger generations. Registrations for the federal government JobMaker credit program opened on 7 December 2020 and can be claimed from 1 February 2021 for the first period (7 October...
By Ryan Miller
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External CFO | News | Tax Advice & Planning
This is an urgent reminder for all employers that the Super Guarantee Amnesty ends on 7 September 2020. Now is the last opportunity you will have to catch up on any unpaid super without increased significant penalties applying. If you have paid the right amount of super for your employees, you don’t need to do anything further. If you are...
By Ryan Miller
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External CFO | News | Tax Advice & Planning
The Government yesterday announced the future of JobKeeper and JobSeeker along with other income support measures. We’ve created a client update to help with the changes. “We will do what is practically needed” Prime Minister Scott Morrison JobKeeper 2.0 The second tranche of the JobKeeper scheme changes the eligibility test for employers and the method and amount paid to...
By Ryan Miller
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External CFO | News | Tax Advice & Planning
Budgeting for your Business in 2020 As a result of the global pandemic last years budget most likely didn’t pan out quite as you expected and forecasting for 20/21 may seem nigh on impossible. It is more important than ever, though, to have a plan and a plan B and a plan C. So now is an excellent time to...