Tax and the Normalisation of Cryptocurrency The Australian Taxation Office recently updated its guidance on tax and cryptocurrency. In early November, the Commonwealth Bank announced that it is now Australia’s first bank to offer customers the ability to buy, sell and hold crypto assets, directly through the CommBank app. You know when the banks come … Read more
Australia’s two largest states and the ACT are in lockdown as the Delta strain of COVID-19 takes its toll while others are standing firm on a policy of eradication. The result is a country at a policy impasse and divided by border restrictions. And, it is not just businesses in lockdown that are in crisis. … Read more
WHAT LOCKDOWN SUPPORT IS AVAILABLE TO VICTORIAN BUSINESS? Support is available if you are impacted by the Victorian lockdowns. A series of grants and top-up grants are available to support Victorian business. There are two main streams for grants in Victoria: New grants – Grants or grant extensions for businesses that previously did not qualify or … Read more
LOCKDOWN SUPPORT SUMMARY Lockdown Support Summary We understand there is a lot of support around, a lot to take in, a lot to try and understand. Below is a summary of all the various support available at the moment in one handy place. Above all reach out for help and assistance if you need it, … Read more
If you can’t work because you or someone in your household is impacted by COVID-19, support is available. There are two payments accessible to individuals: the COVID-19 Disaster Payment; and, the Pandemic Leave Disaster Payment. How to apply for support You can apply for the COVID-19 Disaster Payment and the Pandemic Leave Payment through your … Read more
If you worked from home during lockdown and spent money on work related items that were not reimbursed by your business, you might be able to claim some of these expenses as a deduction – but not everything you purchase can be claimed. The ATO has stated that it is looking very closely at work … Read more
Super guarantee rate increase to 10% On 1 July 2021, the Superannuation Guarantee (SG) rate will rise from 9.5% to 10% – the first rise since 2014. It will then steadily increase each year until it reaches 12% on 1 July 2025. The 0.5% increase does not mean that everyone gets an automatic pay increase, … Read more
2022 Federal Budget and PDF download of what’s in it for you and your family.
National licence recognition for tradies Builders, electricians, plumbers, architects, real estate agents, security guards and other workers who hold an occupational licence in their home state or territory and who want to do the same work in another state or territory will soon be automatically deemed to have the necessary licence. The Federal, State and … Read more
Where to Start? Start at the beginning and focus on yourself first. Yes, that is right, your business plan is a tool to achieve the vision and purpose of the business, but your business is a vehicle to serve you and achieve your goals. So you need to be clear on what you want in … Read more
