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Your Single Touch Payroll Reporting Obligation is Expanding
Single Touch Payroll (STP) is an Australian Government initiative designed to streamline employers’ reporting burdens to government agencies. STP become mandatory on 1 July…
Are you eligible for the Small Business Fees and Charges Rebate?
In a recent announcement by the NSW Government a new small business fees and charges rebates have been introduced to help small businesses recover…
Federal Budget 2021-2022: Securing Australia’s Recovery
2021/22 Federal Budget Last night the Federal Treasurer, Mr Josh Frydenberg, handed down the 2021–22 Federal Budget. The deficit of $161 billion is $52.7…
Xero acquires workforce management platform Planday
The cloud-based accounting software company Xero is a favourite among SMEs in Australia and New Zealand. Xero has a known strategy of acquiring complimentary…
How we think about our Triple Bottom Line
Climate change is considered one of the world’s most important issues and the biggest reason for climate change is the emission of greenhouse gases.…
Removal of Special Purpose from Financial Statements
In March 2020, the Australian Accounting Standards Board (AASB) issued an amending standard that removes the ability of certain for-profit private entities to prepare…
Cash is King!
Payment Times Reporting Scheme The phrase Cash is King was mentioned repeatedly in boardrooms across the country in 2020 as our Nation’s Government, Economy…
Top Tax Changes for Individuals in 2021
We are already over halfway through the 2021 financial year with June 2021 only 5 months away! Time flies when you are stuck in…
Increase in Super Guarantee from 1 July 2021
With the announcement of the 2021 Budget, changes have been made to the compulsory superannuation system implemented by the Australian government. Currently employers are…
Loss carry back regime
Various tax and income support measures are in place to support individuals and business taxpayers to weather the impact of the COVID-19 outbreak. One…