Business
Step by step procedure to grant applications
June 19, 2020 | Business Given recent circumstances, grants are being utilised more and more due to the unchartered waters we all are navigating. Grants can be a complex and daunting process for anyone going through it for the first time. These grants are effective for cashflow issues, strategic project implementation and internal approvals for…
New $10k grant from the Queensland government open 1 July.
June 17, 2020 | Business Great news! A second round of the $10k Queensland Government COVID-19 Adaptation grant has been announced. This grant is designed to assist business owners in their recovery from the pandemic. When are applications opening? The government will be accepting applications for the $10k grant on 1 July 2020.…
2020 end of financial year checklist.
June 16, 2020 | Business, Tax, Tips and Tricks We are now into June, which means another financial year is fast approaching. 2020 has certainly been a hectic time for all businesses with bushfires, floods, and COVID-19. Fortunately, the government stimulus measures have proven very effective but are wildly time-consuming in ensuring all the applications…
What are capital works deductions?
June 12, 2020 | Business Understanding tax depreciation lingo can sometimes be confusing but, as an investor, it’s important to have a good understanding of the depreciation deductions you can claim to ensure you’re always getting the most out of your investment property. As outlined by the Australian Taxation Office there are two categories that…
Extension to the $150k Instant Asset Writeoff
June 10, 2020 | Accounting, Business, Tax A few months ago, the Government announced that to assist with the recovery from the economic impact of Coronavirus, they have increased the instant asset write-off threshold from $30k to $150k for businesses making up to $500 million per year. This was originally limited to assets purchased or…
2020 Business Tax Planning Strategies
June 9, 2020 | Accounting, Business, Tax With the impact of COVID-19 on your business, whether directly or indirectly, tax planning for 2020 is essential. It is critical that you take every opportunity to optimise your tax and financial position before the 30 June 2020 deadline, even if your business turnover has decreased. With the government’s response to…
Is your workplace ready for you to go back to the office?
May 19, 2020 | Business Many of us have been working from home for well over 6 weeks. While we have been settling in and getting our jobs done (for the most part), most are wondering when we will return to work at the office. With the Government’s road map having been released recently that…
What has changed after 20 years with GST?
May 12, 2020 | Accounting, Business, Tax 2020 marks the 20th anniversary of the implementation of the Goods and Services Tax, or GST as it is more commonly known. GST is a 10% tax applied to most goods and services (as the name suggests) and whilst it was a big deal when it was introduced,…
6 Mobile Apps Helping Small Business Owners Thrive
May 1, 2020 | Business The right app can make almost any task easier, and this extends to running a small business too. With business owners often having to do a wide range of tasks with barely enough time to complete them all, having a great app to help out may just make things run…
How To Find A Great Business Idea
So, you want to join the exciting world of small business, be your own boss and shape your own career? All it takes is a great idea and you can get started. The trick is to find this great idea and run with it. Some ideas are crazy, and others are boring, but they still work. There are…