$2.5bn JobTrainer Package
The Government has announced the $2.5bn JobTrainer package to retrain, upskill and open new job opportunities. An additional 340,700 training places will be created to provide no or low cost courses into sectors with job…
Coronavirus: Business Survival Guide
The coronavirus (COVID-19) presents a significant threat to our health but is now also impacting businesses across the world. The containment of the pandemic is already resulting in dramatic fluctuations in supply and demand, labour…
PPT supports local start-up businesses
Getting your business up and running can be a real challenge. Acknowledging this, start-up incubator Runway Ballarat provides fledgling businesses with support to fast-track and scale growth. The Incubator Program also connects entrepreneurs with quality…
ATO sends STP warning to non-compliant employers
The Australian Taxation Office (ATO) has revealed how it is going to use Single Touch Payroll (STP) data, acting as a warning to non-compliant employers. ATO Deputy Commissioner James O’Halloran indicated that the office is…
ATO ramps up small business visits
Last month, the ATO released statistics showing small business is responsible for 12.5% ($11.1 billion) of the total estimated ‘tax gap’. These new figures give visibility to tax compliance issues within the small business sector…
8 ways to improve business cashflow
Are you always chasing late payments? Then don’t despair, there are plenty of things you can do to get your clients to pay on time. Here’s are 8 things you can try to improve your…
Tax Time: Are you in the ATO’s sights?
A consistent theme this tax time is overclaiming and under-reporting. With the Australian Taxation Office (ATO) getting more and more sophisticated in its data matching approaches, taxpayers can expect greater scrutiny where their claims are…
$30K Instant Asset Write-Off Reminder
Are you considering buying a new asset for your business? Recently the Federal Government increased the instant asset write-off threshold to $30,000 and extended the initiative to 30 June 2020. So if you purchase a…
Tax Rate Reduction for Small Businesses
Small business is still a vote winner with the Government and Opposition teaming up to accelerate tax cuts for the sector by 5 years impacting on an estimated 3.3 million businesses. Parliament recently passed legislation…
Top Small Business $20K Deduction Questions
In a recent speech, Small Business Minister Bruce Bilson stated that a lot of his time talking about the $20,000 immediate deduction for small business was convincing people it was not a hand out. “I…
