Budget 2021: Key takeaways for SMEs and startups
-Following the 2021 Federal Budget announcement, it’s clear to see the government acknowledges small businesses’ vital role in the recovery of the Australian economy and local communities. We’re pleased to see it prioritising SMEs through announcing significant business tax relief and investment incentives for SMEs and startups. It’s the kind…
EOFY 2021 – what’s new, what’s different, and why it matters
-Being prepared for end of financial year (EOFY) and tax season is always important. However, with COVID-19 having impacted the most – if not all – of FY2021 and individuals and business owners alike across Australia needing to deal with the impact of the pandemic and associated lockdowns, tax time…
Regulatory compliance for Australian SMEs: what’s the solution?
-Most Australian small business owners will be quick to tell you that all the challenges of running an SME are hard enough, even before taking into account the fast-moving, ever-changing regulatory compliance landscape. Red tape and industry regulations are a necessary burden. But when there are bills to pay and…
2021: a guide to small business grants in Australia
-With small businesses (those with fewer than 20 employees) making up almost 98% of all Australian businesses and accounting for 35% of our GDP, it’s clear how important they are to the economy. Small business received significant funding boosts from the federal government during 2020, designed to assist those impacted…
International Accounting Day, 10 November: Top 5 reasons to love your accountant!
-Happy International Accounting Day to you and your loved ones, dependants, and negatively geared assets! We’d like to celebrate with a cake (yes, it’s deducible). But first, we’ve calculated (see what we did there?!) the top five reasons to love your accountant. They know which tax deductions you’re eligible to…
