Blog
The 2022 Small Business Support Program
Feb 23, 2022
The 2022 Small Business Support Program is designed to help businesses survive the immediate impact of the Omicron COVID-19 strain. It is for the month of February 2022 only. Eligible employing businesses and not-for-profit organisations will receive 20% of their...
Extension to temporary full expensing measures for businesses
Feb 16, 2022
Federal Parliament has passed legislation to extend the temporary full expensing measure introduced in the 2020-21 budget by a further 12 months. Rather than ending on 30 June 2022, eligible businesses will now be able to take advantage of the incentive until 30 June...
Improvements to the superannuation system
Feb 16, 2022
Federal Parliament has recently passed legislation that will implement a number of measures which will improve the flexibility and equity of the superannuation system, assist first home buyers, and also reduce costs and complexity for self-managed superannuation...
Need more money in retirement?
Feb 11, 2022
If you’re a retiree and the current rise in cost of living and inflationary pressures are starting to bite, don’t turn to high interest loans, if you meet certain eligibility criteria, you may be able to access the Home Equity Access Scheme (previously known as the...
Tax debts may affect business credit score
Feb 11, 2022
If your business has had issues paying your tax debt due to the ongoing effects and uncertainty surrounding the COVID-19 pandemic, remember that the best option is to engage with the ATO to manage those debts. Failure to get in touch with the ATO to come to an...
SMSFs investing in crypto-assets
Feb 11, 2022
Current record low deposit rates and volatility in stock markets around the world has motivated many retirees to seek alternative asset classes to either protect their investments or get a higher return. In conjunction with these sentiments, there has been a...
COVID-19 vaccination rewards: tax implications
Feb 11, 2022
With most of Australia and the world still in the grips of the COVID-19 pandemic, many businesses, both public and private, are offering rewards and incentives for their employees to get vaccinated and/or get the booster dose. Depending on the type of reward or...
NSW Business Support Package 2022
Feb 2, 2022
On Sunday, the NSW Government announced a $1bn business support package including: The Small Business Support Package The NSW Small Business Support package provides eligible employing businesses with a lump sum payment of 20% of weekly payroll, up to a...
Special Disaster Grants – NSW Severe Weather & Flooding November 2021
Jan 27, 2022
Author: New South Wales Government. Article can be found here. The NSW and Australian Governments have announced additional assistance measures to support primary producers who have been impacted by the floods and severe weather that occurred during November and...
Why do you need a Strong myGovID?
Jan 21, 2022
10 January 2022 Author: Australian Government. Article can be found here. To access government online services on behalf of a business or entity, you need a myGovID. Your myGovID is your digital identity for government services. Strong identity strength with face...
Changes to the SME recovery loan scheme
Jan 21, 2022
As the omicron wave hits large parts of the country, many small to medium businesses may be feeling the pain. If your small to medium business is in need of some financial support, there is still time to apply for the government’s SME Recovery Loan Scheme. The end...
IP insurance in super: beware of offsets
Jan 21, 2022
Insurance within super is usually the most cost effective way for an individual to cover themselves in the event of a mishap. Most super funds typically offer three types of insurance for their members consisting of life cover, total and permanent disability (TPD) and...