How to sell your business
We’re often asked about the best way to sell a business. While every sale is different, there are two key components; structuring the transaction and positioning it in the market. Both elements are important and…
COVID-19 Vaccinations and your Workplace
The first COVID-19 vaccination in Australia rolled out on 21 February 2021 preceded by a wave of protests. With the rollout comes a thorny question for employers about individual rights, workplace health and safety, and…
Fringe Benefits Tax 2021
Fringe benefits tax (FBT) is one of Australia’s most disliked taxes because it’s cumbersome and generates a lot of paperwork. The COVID-19 lockdowns have added another layer of complexity as many work patterns and behaviours…
The COVID Productivity Gap
A recent article published in the Harvard Business Review by Bain & Co suggests that the pandemic has widened the productivity gap between top-performing companies and others, stating, “Some have remained remarkably productive during the…
Business Support Packages: Circuit Breaker Action
Following the recent Circuit Breaker Action, the State Government announced a specific business support package to provide financial support for eligible businesses. The $143 million package includes four key initiatives including: Business Costs Assistance Program:…
What’s in a business name?
Are you thinking about starting a new business? Then you will need a business name. But what’s in a business name and how do you get it right? We’ve compiled a list of tips to…
JobMaker Explained
We’ve had quite a few questions about the JobMaker hiring credit announced in the 2020-21 Federal Budget. The legislation enabling the JobMaker scheme passed Parliament in mid-November without changes. What is JobMaker? JobMaker is a…
Tax deductions for investing in your business
Stimulating investment is high on the Government’s agenda. To encourage spending, the 2020-21 Budget introduced a measure that allows businesses with turnover under $5bn* to immediately deduct the cost of new depreciable assets and the…
Road to Recovery: Budget 2020-21 Overview
The 2020-21 Federal Budget is a road to recovery paved with cash. Key initiatives include: Personal income tax cuts from 1 July 2020 A $4 billion ‘JobMaker’ Hiring Credit to encourage businesses to take on…
$3bn support package for Victorian businesses
The Victorian Government has announced two new support packages delivering over $3 billion in cash grants, tax relief and cashflow support. Some of the $3 billion appear to be in the form of deferrals (not…
