cash flow Archives - Page 3 of 4 - Salisbury Accountants

NSW small business COVID-19 support grant

May 11, 2020/in Business Advice, COVID-19 Resources /by Salisbury Accountants & Business Advisors

NSW Government has introduced a COVID-19 support grant, worth up to $10,000, for eligible NSW small business owners

The application for the grant is currently open, and eligible businesses can possibly receive funding within five days of application.

This grant supports the operation of businesses highly impacted by the COVID-19 pandemic following the NSW Public […]

Managing (and Getting Help) Through a Business Crisis

May 6, 2020/in Business Advice, COVID-19 Resources /by Salisbury Accountants & Business Advisors

Recent global events have tested the mettle of management and boards everywhere

Some businesses will emerge stronger and, sadly, some will cease to exist in their current form.

Skilled leaders have a better chance of navigating adverse conditions so let’s look closely at some of those skills.

Getting a Quick Understanding of the Problem

Usually, […]

Accelerated depreciation Stimulus package

May 4, 2020/in COVID-19 Resources, Tax Planning /by Salisbury Accountants & Business Advisors

The government has announced that business with less than $500m in turnover will receive accelerated depreciation deductions for new assets up to 30 June 2021.

This accelerated depreciation is available for assets in the first year of deductions for the asset, and will be 50% of the installed cost of the asset, with the remainder […]

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Small and medium business employers to receive cash flow relief

April 22, 2020/in COVID-19 Resources, Grants /by Salisbury Accountants & Business Advisors

Small and medium businesses will be entitled to a “credit” for PAYG tax withheld on their March and June quarter activity statements.

This updated Government Coronavirus Stimulus Package will be delivered tax-free in the form of a grant.

The reduction of cash outflows is designed to assist employers in keeping their staff.

As per the […]

COVID-19 Cash Flow Boost

April 21, 2020/in COVID-19 Resources /by Salisbury Accountants & Business Advisors

Boosting Cash Flow for Employers

Cash Flow Boost not to be offset against existing tax debt in some situations.

The Tax Office has announced that the cash flow boosts will be applied to reduce liabilities arising from the same activity statement but will not be offset against existing BAS debt but rather refunded to you.

[…]

2020 Tax planning

April 14, 2020/in Tax Planning /by Salisbury Accountants & Business Advisors

Reduce your 2020 tax

With the end of financial year approaching quickly, now is the time to discuss with us the actions you can take before 30 June 2020 to reduce your tax and access additional cash flow.

For 2020, key priorities are likely to include:

Maximise Federal and State Government Stimulus Payments Deferring […]

Fringe Benefits Tax 2020

April 6, 2020/in Tax Planning /by Salisbury Accountants & Business Advisors

What every employer needs to know about fringe benefits

On 31 March 2020, the Fringe Benefits Tax (FBT) year ends. With the ever-increasing budget deficits, the ATO will be reviewing whether all employers who should be paying FBT are, and that they are paying the right amount.

To help you meet your fringe benefits obligations, […]

Update on COVID-19 business assistance

March 26, 2020/in Business Advice, COVID-19 Resources /by Salisbury Accountants & Business Advisors

Action required: update on COVID-19 assistance for your business

Things have changed significantly around Australia with the recent announcements of enforced closing of some businesses and other restrictions imposed by the Governments to stop the spread of COVID-19.

It is going to be a very tough time for all of us business owners over the […]

Economic Stimulus Package

March 13, 2020/in Business Advice /by Salisbury Accountants & Business Advisors

Coronavirus Economic Stimulus Package

The Government has announced a $17.6 billion economic plan to keep Australians in jobs, keep businesses in business and support households and the economy as the world deals with the significant challenges posed by the spread of the coronavirus.

The targeted stimulus package is focused on keeping Australians in jobs and […]

Use-of-cash draft rules released

November 18, 2019/in Accounting /by Salisbury Accountants & Business Advisors

Draft rules supporting new currency restriction legislation released by Treasury

The legislation bans the use of cash for some transactions of more than $10,000, and has just been passed by the House of Representatives.

The Currency (Restrictions […]

Posts

The application for the grant is currently open, and eligible businesses can possibly receive funding within five days of application.

Some businesses will emerge stronger and, sadly, some will cease to exist in their current form.

Getting a Quick Understanding of the Problem

This accelerated depreciation is available for assets in the first year of deductions for the asset, and will be 50% of the installed cost of the asset, with the remainder […] Read more

This updated Government Coronavirus Stimulus Package will be delivered tax-free in the form of a grant.

Cash Flow Boost not to be offset against existing tax debt in some situations.

With the end of financial year approaching quickly, now is the time to discuss with us the actions you can take before 30 June 2020 to reduce your tax and access additional cash flow.

On 31 March 2020, the Fringe Benefits Tax (FBT) year ends. With the ever-increasing budget deficits, the ATO will be reviewing whether all employers who should be paying FBT are, and that they are paying the right amount.

Things have changed significantly around Australia with the recent announcements of enforced closing of some businesses and other restrictions imposed by the Governments to stop the spread of COVID-19.

The Government has announced a $17.6 billion economic plan to keep Australians in jobs, keep businesses in business and support households and the economy as the world deals with the significant challenges posed by the spread of the coronavirus.

The legislation bans the use of cash for some transactions of more than $10,000, and has just been passed by the House of Representatives.

This accelerated depreciation is available for assets in the first year of deductions for the asset, and will be 50% of the installed cost of the asset, with the remainder […]

Read more