Importance of hiring an accountant for small business The Australian Bureau of Statistics (ABS) defines a small business as a business employing fewer than 20 people. Many small business owners don’t realize that a staggering 60% of Australian small businesses fail within the first 18 months. Typically, one of the main causes is poor financial […]
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Best Accountants near me Every day more than 1000 searches accounted for the term “Accountants near me’’ in Australia. You will find tons of results on your screen. The real question is how do you find the best suitable account near you from those results? We will guide you to find the best accountant near
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PERSONAL TAXATION Personal tax rates unchanged for 2021–2022 In the Budget, the Government did not announce any personal tax rates changes, having already brought forward the Stage 2 tax rates to 1 July 2020 in the October 2020 Budget. The Stage 3 tax changes will commence from 1 July 2024, as previously legislated. The 2021–2022
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On Tuesday, 6 October 2020, Treasurer Josh Frydenberg handed down the 2020-21 Federal Budget, his 2nd Budget. He said the Budget was “all about jobs” (including creating new jobs and getting the unemployed back into work again) and getting the economy moving again. The Treasurer said “COVID-19 will see the deficit reach $213.7 billion this
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The JobKeeper Payment, which was originally due to run until 27 September 2020, will now continue to be available to eligible businesses (including the self-employed) and not-for-profits until 28 March 2021. The payment rate of $1,500 per fortnight for eligible employees and business participants will be reduced to $1,200 per fortnight from 28 September 2020
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The ATO is aware that residential rental property owners (the owners), due to COVID-19, floods, or bushfires, may be experiencing reduced income from tenants paying less or entering deferred payment plans, or travel restrictions which have affected demand for short-term rental properties. Assistant Commissioner Karen Foat explained that whatever the circumstances, the most important first
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COVID-19 – Government Stimulus Package, What It Means For You, Tips & What You Can Do ATO coronavirus administrative support A series of administrative measures to assist businesses experiencing financial difficulty as a result of the COVID-19 pandemic has been announced by the ATO. These include deferring the payment date and amounts due on Business
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JobKeeper Payment initiative: Aimed at supporting employers to retain their workforce while managing through the commercial disruption of COVID-19. The latest announcement about jobkeeper payment initiative revealed that, commencing 30 March 2020, the government will underwrite/reimburse businesses $1500 each fortnight per employee the business retains through the period. Businesses will be eligible if their turnover
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TASC provides a one-stop solution for all your needs. Our associates, Wise Financial Advisors are able to provide comprehensive financial planning services.
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Melbourne, Vic 3000
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Lilydale, Vic 3140
18 Mason Street,
Dandenong VIC 3175
