Recording the Cash Flow boost in Accounting Systems

Recording the Cash Flow boost in Accounting Systems

HOW TO RECORD THE CASH-FLOW BOOST IN YOUR ACCOUNTING SYSTEM March BAS lodgements will see the first credits and/or cash received for the cash-flow stimulus measures legislated by the Federal Government in relation to COVID-19. These measures reduce the amount of...
JobKeeper – Current information

JobKeeper – Current information

The Commonwealth Government has announced it will provide a historic wage subsidy to around 6 million workers who will receive a flat payment of $1,500 per fortnight through their employer before tax. The $130 billion JobKeeper payment will help keep Australians in...
Government Stimulus Package – Details

Government Stimulus Package – Details

Government Stimulus Package A more detailed explanation of all of the stimulus packages can be found at https://treasury.gov.au/coronavirus/businesses What has been announced and affects most of our client base is as follows: 1. PAYG withholding reductions and...
Wins, Wills and Bankruptcy

Wins, Wills and Bankruptcy

When someone becomes bankrupt their ‘divisible’ property vests in their trustee bankruptcy. Divisible property is generally all the bankrupt’s assets, except for certain classes (i.e. non-divisible property) being household items, tools of trade, means of transport to...