Author: Ken Burk
Has COVID-19 devalued your business?
If you are selling your business, merging, acquiring, or inviting in new investors, you need to understand the value of your business. But, to what degree does the pandemic impact on value?
$3bn Victorian Business Support Package: What we know so far
Victorian Government has announced two new support packages delivering over $3 billion in “cash grants, tax relief and cashflow support.”
$2.5bn JobTrainer package: What you need to know
The Government has announced the $2.5bn JobTrainer package to retrain, upskill and open new job opportunities.
The ATO’s targets when sniffing out JobKeeper fraud
The ATO is looking carefully at businesses who have made adjustments to their circumstances in an attempt to track down businesses trying to abuse the system.
How to enrol and administer JobKeeper
The government has now finally released details on this and the process for those businesses that have employees. It consists of a number of steps to enrol for and then administer JobKeeper.
What types of insurance should a business have?
Insurance often seems like an enormous waste of money… until you need the cover.
Warning About Distributions To Non-Resident Beneficiaries
The ATO’s recently released interpretation will have a significant negative impact for some.
All online accommodation providers now required to charge GST
Previously, offshore sellers of Australian commercial accommodation had been exempt from the rule.
What Tax Deductions Can Be Claimed For A Business?
Saving as much tax as possible is one way to give your business a greater chance of success.
What Tax Concessions Are Available For Small Businesses?
Depending on your specific circumstances, these may or may not be relevant for you.
The $11.1bn Small Business Tax Shortfall
The tax gap estimates the difference between the tax collected and the amount that would have been collected if everyone was fully compliant with the law.
Are Phones And Internet Considered A Fringe Benefit?
Generally, this scenario is labelled as an ‘expense payment fringe benefit’.