Entries by Salisbury Accountants & Business Advisors

Your Financial Literacy

Accurate financial reporting

Why good financial reporting is essential and the consequences of missing the mark.

The importance of accurate, ethical financial reporting can’t be underestimated.

Business Australia recently reiterated this fact in their article Accurate Financial Reporting: 12 Must-Dos, highlighting why good financial reporting is critical to your business for a range of […]

NSW JobSaver extended

NSW expands JobSaver as lockdown is extended

The state will expand the JobSaver turnover threshold and increase maximum payments.

It aims to support Greater Sydney as the area braces for another four weeks of lockdown.

New South Wales Treasurer Dominic Perrottet has announced an expansion of the JobSaver payment, which will see the turnover eligibility […]

NSW 2021 COVID-19 micro-business grant

2021 COVID-19 micro-business grant

Applications close 18 October 2021

If you’re a micro-business (small business, sole trader or not-for-profit organisation with aggregated annual turnover between $30,000 and $75,000) impacted by the recent COVID-19 restrictions, you may be eligible to apply for a fortnightly payment of $1,500 to cover business expenses for the duration of the Greater […]

COVID-19 JobSaver payment

About the COVID-19 JobSaver payment

Program closes 18 October 2021

Various Public Health Order restrictions and COVID-19 border closures have created challenges for many businesses across New South Wales that will either be forced to close or experience reduced demand.

JobSaver will provide cash flow support to impacted businesses to help […]

2021 COVID-19 business grants

Financial assistance for NSW and Victorian businesses

Grant information is current and correct at the time of publishing. Please always check program details for application closing dates and other deadlines in the source information provided.

If you’re considering applying, we strongly encourage you to prepare your quotes and documentation in advance. Applicants often require an […]

Increase In SMSF Membership

Increase in SMSF membership receives royal assent

Treasury Laws Amendment (Self Managed Superannuation Funds) Bill 2020 received royal assent on 22 June 2021.

From 1 July 2021, self-managed super funds (SMSF) and small APRA funds (SAFs) will be able to have up to six members.

If you are considering expanding your fund, you will need to […]

Tax-free treatment of COVID-19 grants to be extended

Tax treatment of COVID-19 grants

State and territory grants issued to small businesses in response to COVID-19 will continue to be tax-free under a new bill introduced into Parliament.

Treasury Laws Amendment (COVID-19 Economic Response) Bill 2021 has now been introduced into Parliament, extending the application of the non-assessable non-exempt income status to eligible business support […]