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The EOFY and tax time for small business can be challenging at the best of times, let alone during a pandemic. Here are 5 ways to make sure your business is ready for EOFY.
Despite the current economic environment, the company tax rate will reduce to 26% for small and medium businesses from 1 July 2020. The 1 July Company Tax Rate Reduction applies to base rate entities, and is here to stay for a couple of years at least. The 1 July...
There are quite a few changes in the wind that small businesses need to know about from July 1st to stay on the right side of the tax man. Small changes around company taxation, business deductions and superannuation can have a big impact on the way you run your...
The pressure COVID-19 has put on small and medium businesses is staggering. In less than a month following Australia’s new trading and social distancing laws, two-thirds of the country’s SMBs have already reported a slump in revenue, with one in ten businesses...
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 support of up to $100,000 for small business employers, and relaxes...