by Davie Mach | Oct 19, 2023 | News, Small Businesses, Tax Planning
Are Division 7A loans bad? This query has echoed louder in the financial corridors with the recent uptick in interest rates. This article unpacks the intricacies and ramifications of Division 7A loans, shedding light on their real impact amidst evolving financial...
by Davie Mach | May 22, 2023 | News, Small Businesses
As the ink dries on the freshly announced Federal Budget for 2023–24, many small business owners across Australia are likely finding themselves knee-deep in complex financial jargon, trying to decipher what these changes mean for their operations. It’s no...
by Sean Yee | Aug 9, 2021 | News
last updated 09/08/2021 Everything you need to know about the July 2021 NSW COVID-19 Grants With the latest lockdown restrictions extended for another two weeks, the New South Wales government has introduced a few new support measures on 15th July 2021 for both...
by Davie Mach | Oct 9, 2020 | Tax Planning, News, Small Business Handbook
With claims that the 2020-21 federal budget is the most significant budget in decades, it’s crucial to understand how it will affect you and where you can save. This year’s budget has a heavy focus on encouraging spending on multiple levels, as well as a range of...
by Davie Mach | Aug 18, 2020 | Small Business Handbook, Accounting, News
The ATO has announced that it will be actively reviewing entitlements by conducting cashflow boost audits and JobKeeper audits. At our accounting firm, we’ve seen this happen with several clients despite meeting eligible obligations, which has signalled that the ATO...
by Davie Mach | Aug 18, 2020 | Small Business Handbook, Accounting, News
JobKeeper audits will form a big focus for the ATO as JobKeeper 1.0 comes to an end. The ATO has assigned 3,000 staff to the review process of JobKeeper and Cashflow Boost with many accountants (including ourselves) expecting there to be some significant requests to...
