Top business & contractor tips, ideas and news in the industry.
These articles help and inform small businesses and contractors by providing the best hand-picked tips, trends and news to maximise their potential.
Everything You Need to Know About the 2020-21 Australian Federal Budget
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...
An Accountant’s Tips on Dealing with Cashflow Boost Audits
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...
JobKeeper Audits: How to Deal with the ATO
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...
Small Business Recovery Grant | Box Bulletin July 2020
As the NSW Government progressively lifts the restrictions on movement and business trading, this means businesses can now reopen. If you're a small business or not-for-profit that has experienced a decline in turnover, you could be eligible for this Small Business...
Have You Underpaid Super? Things to Know About the Superannuation Guarantee Amnesty
The Superannuation Guarantee Amnesty has been officially passed as law on 6 March 2020. With the introduction of Single Touch Payroll and several other increase reporting capabilities, the ATO has increased visibility in identifying any employers who have underpaid...
The $25,000 HomeBuilder Scheme
The Federal Government has announced that it will be offering eligible Australian $25,000 to build or substantially renovate their homes known as the HomeBuilder scheme. The measure is expected to cost $680m. To find out more about the other government stimulus...
JobKeeper 2.0 Resources Page
Last updated: 2 October 2020 JobKeeper 2.0 The Federal Government is set to extend JobKeeper for an additional six months until March 2021 but there will be reduced payments and retesting of eligibility after the current JobKeeper scheme runs out in September. This...
COVID-19 Small Business Resources Page
Last updated: 14 May 2020 This page will serve as a collation of resources that can assist small businesses and contractors based in Australia who are affected by the COVID-19 pandemic. Due to the uncertain length of the pandemic, we highly recommend you review all of...
When Should You Setup a Company? | Box Bulletin February 2020
Hopefully, things are in full swing by now with the festive season over! We've been back at work and going hard at it with the team to try and produce more great and unique content for you while also trying to run a professional services business too (it's tricky!)....
The Major Differences Between Chartered Accountants and Accountants
Trying to find out the difference between Chartered Accountants and Accountants? When you're looking for an accountant for your business, you'll inevitably run into accounting firms that spout about how they have Chartered Accountants. But what exactly is a Chartered...
Announcement: “Knowing Your Numbers” Workshop
I'm excited to announce that I'll be partnering with South-West Entrepreneurial Hub (SWEH) in conjunction with Fairfield City Council and DAWN Network for an intimate workshop on "Knowing Your Numbers". Details Topic: 'Knowing Your Numbers' Date: 3rd February 2020...
