For many business owners and individuals, this year’s tax return is going to be like no other. The Covid-19 lockdown and collapse in revenue for some businesses meant that they had to find strategies in a hurry to ensure their … Read More
A major part of the Government’s response to the Coronavirus (or ‘COVID-19’) pandemic is the ‘JobKeeper Payment’ Scheme. The JobKeeper Payment is a wage subsidy that will be paid through the tax system (i.e., it will be administered by the … Read More
The ‘cents per kilometre’ method broadly allows an individual taxpayer to claim up to a maximum of 5,000 business kilometres per car, per year without the need to keep any written evidence (e.g., receipts) of car expenses. Importantly, taxpayers making … Read More
Tradies may be feeling a bit overwhelmed trying to wade through all the information the QBCC has on their website about how to stay compliant with your licence conditions. Therefore, it’s important that you know when you could be breaking … Read More
When the average consumer thinks about building works they often imagine cranes on big commercial building sites in the city, where a new highrise grows from a huge hole in the ground with trucks ferrying steel and concrete to and … Read More
Imagine this: Your business sales and activities are going gangbusters, but at the end of the fortnight there is no money in the bank to pay your staff. If you’ve been there you would know how stressful a situation this … Read More
You’ll hear me talking about numbers a lot, I guess I can’t help it, being an Accountant and Financial Planner. In my article “Net Profit is King” I talked about the importance of setting healthy profit margins for your business. … Read More