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Refunds for Tax Losses

If your company has made a loss, you may be able to claim a tax refund for tax previously paid on profits.

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Refunds for Tax Losses
( Posted in: Tax )

JobKeeper: The Next Phase

The first tranche of JobKeeper ended on 27 September 2020. We look at the issues for those seeking to qualify for the second tranche of JobKeeper and for those no longer eligible.

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JobKeeper: The Next Phase
( Posted in: Tax )

Has COVID-19 devalued your business?

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’?

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Has COVID-19 devalued your business?
( Posted in: Tax )

The Little Disaster – Structure for Success

Having the right structure can be the key difference for financial independence. Regardless of whether you are running your business or selling it, structure is everything. The New Financial Year is a great time to be looking at your business structure. The small business tax laws in Australia are very flexible and give businesses a chance to restructure and get themselves right.

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The Little Disaster – Structure for Success
( Posted in: Tax )

Increased flexibility for Parental Leave Pay for self-employed

From 1 July 2020, parents accessing the Government’s parental leave pay (PPL) scheme will have greater flexibility and options.  Targeting the self-employed and small business owners, the changes introduce a new flexible paid parental leave pay period of 30 days. Previously, new parents could apply for PPL for a continuous block of up to 18 weeks.

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Increased flexibility for Parental Leave Pay for self-employed
( Posted in: Tax )

Business owners now personally liable for GST compliance

From the start of April 2020, the tax office will be deeming directors as entirely liable for their company’s GST responsibilities.

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Business owners now personally liable for GST compliance
( Posted in: Tax )

What types of insurance should a business have?

Insurance often seems like an enormous waste of money… until you need the cover.

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What types of insurance should a business have?
( Posted in: Tax )

How to know if your worker is an employee or a contractor.

Determining whether your worker is an employee or a contractor can often be a challenging task.

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How to know if your worker is an employee or a contractor.
( Posted in: Tax )