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The Second $66.1 bn Stimulus Package: What You Need To Know

By Business Bookkeeping Services External CFO News NFP Accounting Tax Advice & Planning

The Government yesterday released a second, far reaching $66.1 bn stimulus package that boosts income support payments, introduces targeted changes to the superannuation rules, provides cash flow sup...

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$17.6 bn Government stimulus package announcement

By Business Bookkeeping Services External CFO News Tax Advice & Planning

The Stimulus Package: What You Need To Know The Government has announced a $17.6 billion investment package to support the economy as we brace for the impact of the coronavirus. The yet to be l...

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Superannuation Guarantee Amnesty – Action required

By External CFO News Tax Advice & Planning

Legislation introducing the Superannuation Guarantee Amnesty (the amnesty) has been passed in Parliament and is awaiting Royal Assent. The amnesty provides employers with a heavy incentive to disclos...

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Christmas Parties – Tax and FBT

By External CFO News Tax Advice & Planning

It's the festive season, and it's around this time that clients often ask us if Christmas Parties for staff are tax-deductible. The short answer is that Christmas Parties are generally classified...

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60,000 Tax Cheat Tip Offs

By News Tax Advice & Planning

Tip-offs to the Australian Taxation Office (ATO) have reached an all-time high with close to 60,000 tip-offs received between June and May 2019 – almost double the number of the previous year. The ...

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Personal Income Tax Update

By News Tax Advice & Planning

WHAT ARE YOU REALLY ENTITLED TO? The recent income tax cuts that passed through Parliament do not mean everyone automatically gets $1,080 back from the Government as soon as they lodge their income ta...

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Year End Tax Planning 2019

By Business Bookkeeping Services External CFO News Tax Advice & Planning

As we approach 30 June, we thought it was timely to give our clients a refresher on some common EOFY tax planning tips, and also point out the key changes for the 2019 tax year that may impact you and...

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Why do a budget?

By Business Bookkeeping Services External CFO Lending Advice News Tax Advice & Planning

Is my business making money? Will I have enough cash to pay expenses when they are due? Will I be able to grow my business and increase my salary this year?   Like most small businesses, if y...

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Payroll Tax Reminder

By Business Bookkeeping Services External CFO News Tax Advice & Planning Xero Training

To assist you in ensuring your business understands and meets it's payroll tax obligations, this blog highlights some of the common errors and misunderstandings that are to be avoided. Contractors C...

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Key features of the Federal Budget 2019 – 2020

By Business Bookkeeping Services External CFO News Tax Advice & Planning

The 2019/2020 Federal Budget sees the Government predicting a return to a surplus of $7.1 billion. Driven by the politics of a looming election, the Government is lowering taxes and increasing spendi...