by Peter S | Oct 9, 2020 | NBC News
1. Personal income tax changes 1.1 Changes to personal income tax rates The Government has announced that it will bring forward changes to the personal income tax rates that were due to apply from 1 July 2022, so that these changes now apply from 1 July 2020 (i.e.,...
by Peter S | Aug 24, 2020 | NBC News
Hospitality Industry, Bars, Café, Restaurant taxes Accounting for Stock Most Small/Medium Enterprise(SME) businesses’ account for stock or inventory on a periodic basis. That is, they do a physical stock-take and record inventory levels and then generally value that...
by Peter S | May 12, 2020 | NBC News
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...
by Peter S | Apr 3, 2020 | NBC News
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...
by Peter S | Mar 27, 2020 | NBC News
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...
