Posts

New financial year business planning

New financial year = Strategy Review

It’s understandable that many businesses are focused on the numbers at this time of year.

But it’s important for all businesses to hit the new financial year with a plan — a strategy for growth and success not only for the next financial year but into the future.

This […]

7 Ways to Navigate the Changing Employment Landscape

COVID-19 has had a big impact on employment, though the impact is not yet fully understood

No doubt there will be positive outcomes, like employees leaving unrewarding jobs to pursue new challenges. Likewise, some businesses will ‘rationalise’ their workforces to better serve shareholders, customers and employees.

One thing won’t change. Most businesses will still need people […]

EOFY and the tax time countdown

End of financial year calendar and the countdown to tax time — FY22

A lot of things need to happen between the end of financial year (EOFY) and tax time. Here are the dates and deadlines to keep in mind when getting tax ready.

Key dates in June

30 […]

Protect your business with the PPSR

Personal Property Security Register (PPSR)

Registering on the PPSR is a way to let people know if personal property such as cars, goods or company assets have security interests over them.

With the difficulties that small businesses are facing from the effects of the pandemic and natural disasters, business owners are increasingly having to put […]

Reduce Your 2022 Tax

Tax planning key priorities

With the end of financial year approaching quickly, NOW is the time to discuss with us the actions you can take before 30 June 2022 to reduce your tax and grow your wealth.

Many business owners have reduced their 2022 PAYG instalments to Nil during the COVID-19 period, but now you […]

Digital and Skills Tax Boost for Small Businesses

Support for small businesses going digital and upskilling their employees

The Government is delivering $1.6 billion in tax relief

As part of the plan for a strong economy and a stronger future, the Technology Investment Boost will increase digital uptake while the Skills and Training Boost will help small business attract, retain and upskill staff.

[…]

2022/23 Federal Budget

1. Personal income tax changes

1.1 Increase to low and middle income tax offset (‘LMITO’)

The Government has announced a once-off $420 ‘cost of living tax offset’ for the 2022 income year, which will be provided in the form of an increase to the existing LMITO. This will increase the maximum LMITO benefit to $1,500 […]

Small business struggling to go green?

How digital tools can help your carbon footprint

With COP26 behind us, did we make any progress in the small business community?

We all have a role to play and, while small businesses may be facing many challenges on the home front – from Brexit fallout to Covid recovery and more – there are still […]

Managing business cash flow and income

Managing small business cash flow and income in 2022

It’s been a lean time for small businesses, and especially the families supporting them.

Xero’s small business trends report shows that 60% of small business owners are worried about their household finances running low.

So while 2022 will hopefully be a year of rebounding sales […]

2022 NSW Small Business Support Grant

Service NSW detailed guidelines for 2022 Small Business Support Grant

Key points:

The Grant is intended to assist businesses that were impacted by the Omicron wave, particularly businesses in the hospitality and entertainment industries The Grant will provide cash flow and help these businesses maintain employee-employer relationships. Available funding One-off payment covering the four-week period […]