Category: Small Business

Cf Debt Recovery
Small Business, Tax

Penalties will recommence: ATO restarting debt recovery action

Taxpayers defaulting on tax debts and lodgement requirements can soon expect contact from the ATO as it confirms the recommencement of its compliance actions in the wake of JobKeeper concluding.

Read more
Jk Ato Chases $172bn
Small Business, Tax

ATO chases $172bn in undeclared contractor income

The ATO has urged businesses to come clean on $172 billion worth of payments to contractors as it gets tough on non-compliance with the taxable payments reporting system.

Read more
Why Are Some Businesses Returning Jk. Image Ken (march)
Small Business

Why are some businesses returning JobKeeper?

Companies that received JobKeeper and subsequently paid dividends to shareholders and executive bonuses have come under particular scrutiny, not just by the regulators but by public opinion.

Read more
Insolvencies Rise By 61% In February. Pat
Small Business

Insolvencies rise by 61% in February

External administrations increased by 61 per cent over the last month, stirring fears that more businesses will need to close their doors once JobKeeper expires at the end of the month.

Read more
Fbt (63)
Small Business, Tax

FBT 2021: Tax & Employee Benefits

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 changed.

Read more
Untitled Design (1)
Small Business

Winding-up: Simplifying small business insolvency

On 1 January 2021, new laws came into effect that introduce a new, simplified debt restructuring and liquidation framework for small business.

Read more
Untitled Design (2)
Small Business

The Final Stage Of JobKeeper And How To Access It

The impact of COVID-19 has been felt very differently from region to region. Fortunes vary wildly between business operators subject to ongoing lockdowns and trading impediments to those benefiting from the “new normal”.

Read more
Article Image Dimensions
Small Business

The JobMaker Hiring Credit

JobMaker is a credit available to eligible businesses and non-profit entities that create new jobs. Unlike JobKeeper, JobMaker can apply to new businesses and the business does not need to satisfy a decline in turnover test to receive payments.

Read more
Purchasing Property In Trusts In Victoria
Small Business

JobMaker Hiring Credits: What We Know So Far

We’ve had quite a few questions about the JobMaker hiring credit announced in the 2020-21 Federal Budget. Here is what has been announced so far:

Read more
Untitled Design (1)
Small Business

Forecasting during a pandemic

Now, more than ever, business operators should have a plan in place to manage during uncertain times. So, how do you plan for uncertainty when every assumption is subject to change?

Read more
Untitled Design
Small Business

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?

Read more
Untitled Design
Small Business

Extended Insolvency Relief

The Australian Government introduced new bankruptcy and insolvency regulations to assist businesses and individuals who have been impacted by COVID-19 was intended to expire on 30 September 2020 but has been extended.

Read more