Under the JobKeeper Payment, businesses impacted by the Coronavirus will be able to access a subsidy from the Government to continue paying their employees. Affected employers will be able to claim a fortnightly payment of $1,500 per eligible employee from 30 March 2020, for a maximum period of 6...
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Scott Morrison has just announced an updated support package to assist small business and households. Small and medium business cash payments This measure will be available to businesses with turnover under $50 million that employ workers. There will be two phases: Firstly, employers are set to receive a first...
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The Morrison Government has announced measures to try and stabilise the Australian economy. It was announced a $17.6 billion economic plan would assist in keeping Australians in jobs and support small business and households alike. Changes to the instant asset write-off threshold The instant asset write-off threshold has been...
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Misquoting jobs can mean you are already on the backfoot before picking up any tools. Having a consistent estimation procedure in place is just good business. Most plumbers would prefer to pass on a project and lay on a beach somewhere, than to under quote the job and work...
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This is a reminder to plumbers that your 2019 Taxable Payments Annual Report (TPAR) needs to be lodged with the ATO by 28 August 2019. Do you need to prepare a TPAR? You will need to lodge a TPAR if you have made payments to any contractors for work...
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New legislation is now in place for the expanded instant asset write-off. In particular, businesses with a turnover less than $50 million can claim immediate deduction on depreciating assets purchased and first used or installed ready for use up to $30,000 each from 7.30pm (AEDT) on 2 April 2019...
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In a world where it seems that most adults don’t get enough sleep, it’s easy to think that chronic sleep deprivation is normal. Well, it’s not. Unfortunately, lack of sleep can cause a host of problems, including moodiness and poor judgment. When you are an entrepreneur, you can’t afford...
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Single Touch Payroll (STP) was introduced on 1st July 2018 for all businesses with 20 or more staff. The Bill to extend STP reporting requirements so they apply to ALL employers, regardless of the number of employees, has now passed the Senate and will be Law. This means STP...
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Prime Minister Scott Morrison pledged yesterday to increase the small business instant asset write-off to $25,000 from $20,000.
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Young entrepreneurs these days have many options when it comes to starting a business venture. There are several opportunities online when it comes to business platforms and e-commerce, meaning anyone with a clear vision and the drive to work hard can turn their dream into a reality. Whether you...
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