Eligible businesses will immediately be able to deduct the cost of new depreciable assets and the cost of improvements to existing assets in the first year of use.
The Victorian Government's Business Resilience Package was announced last weekend. It will provide $3 billion in cash grants, tax relief and cash flow support to Victorian businesses.
If you are selling your business, merging, acquiring, or inviting in new investors, you need to understand the value of your business. But, to what degree does the pandemic impact on value? Should you discount or hold firm to pre COVID-19 performance on the basis that ‘we’re going to come out of it eventually’?
Business operators should have a plan in place to manage during uncertain times like these, even if your business is not directly impacted. But how do you plan for uncertainty when every assumption is subject to change?
There have been several new packages released over the weekend to support Victorian businesses impacted by this second lockdown. Find out about the "Second Wave of Stimulus" here.
Whether it is the coronavirus, fire or flood, the fact is if you are in business long enough you will almost certainly have to deal with an external impact on your business. How do you become a resilient business?
The Christmas Party Tax is a real Grinch. This is a quick guide on how to factor in (or what to avoid) when it comes to FBT on your staff Christmas Party this festive season.
The ATO is actively targeting geographic areas for special visits as part of a nationwide crackdown on the black economy. They plan on visiting over 10,000 businesses in the 2020 Financial Year.
"Cash is king", but barely half of Australian small businesses were cash flow positive in June 2019. Here's one area you can focus on to help stay out of the red.
The STP system is now mandatory for (basically) all businesses with employees! Avoid headaches and make sure you have everything running like a well-oiled machine!