For Small Business re COVID-19
Today the government announced additional measures to assist small businesses. These measures have adjusted and added to the stimulus package announced last week. We've summarised below both the new announcements and the existing to make it easier for you to understand what applies for you. We will keep updating this as new measures are announced.
For Small Business re COVID-19
Last week the government announced a series of stimulus packages for small business designed to assist the economy in the wake of the COVID-19 virus. This bill will be in Parliament to be passed the last week in March. Assuming the bill is passed we've summarised below how it will effect small businesses.
What this means for you and your business
This years budget is all about 'getting back in the black'. Tax Offsets, instant asset write off & crack down on 'dodgy' tax payers are hot topics this year.
Time to get yourself organised for 30 June - aka end of Financial Year.
What this means for you and your business
This year's budget is all about the 'stronger and smarter economy'. Small tax concessions, more red tape, changes to R&D and a focus on infrastructure spending. The treasurer announced 5 major things that must be done:
Provide Tax Relief
Keep backing businesses to invest
Provide essential Services
Keep Australia Safe
Ensure Governments live within their means
Fringe Benefits Tax...aka FBT for short is upon us again. While some of you might not actually have to pay FBT, you still need to ensure your paperwork is in order.
Today is the last day to ensure you have everything sorted for the end of the financial year. Yep it's time to dot your i's and cross your t's. We've put together a list of everything you need to tick off so you don't miss a thing.
What this means for you & your business
Whilst the last few years have concentrated on small businesses and superannuation this years budget is much more focused on Big Banks, foreigners and welfare. Described as a "budget about making the right choices to secure the better days ahead"
Another one of those horrid 3 letter acronyms.....FBT. As if our tax system is not complicated enough already!
Only 1 more sleep till the end of Financial Year! Make sure you have all your i's dotted and t's crossed :)
30 June marks the end of the Financial Year. It's a great time to review and reflect on your previous 12 months and also review and set some targets for the next 12 months. Your pricing is one of the things you should certainly review at 30th June.
Boom! Only half way through our tax planning for 2016 and we have already saved our clients over $1.2million in tax! We love helping our clients' money work smarter for them :)
Tuesday night we had our #askgaryvee book night with our L Platers, P Platers and Black Ops clients. Here is a wrap up of the highlights.
What this means for you & your business?
Small Business, the engine room of the Australian Economy, was once again a focus of the Federal Budget delivered last night. A budget titled Jobs & Growth. So what do these benefits actually mean to you and when do they commence?
I believe the team you create, the culture you build and your leadership style determines how successful you are in business.