Your business is there to serve you; not the other way around. In other words; you should never be a slave to your business. DO you find yourself on the never-ending merry go round of business, day to day, week to week and before you know it months have passed and it feels like nothing … Read more
We understand a Trust has been an amazing business structure and tax-saving vehicle over the years and many clients have them. They offer many barriers for risk protection and opportunities to reduce the amount of tax to be paid. It’s always a chance the ATO and government may look at a business structure that has … Read more
We’re excited to announce Clayton is going to be a part of this year’s Stars of the Border to raise money for Cancer. Stars of the border are like Dancing with the Stars, but it’s local business owners dancing and working to raise much-needed money for cancer. While Clayton has had family and friends be … Read more
Acknowledging the difficulty that business operators have faced, the NSW Treasurer Matt Kean has announced a package of measures to support small businesses impacted by COVID-19 over January and February 2022. Releasing the package, the NSW Treasurer said, “household balance sheets are strong at the moment, when we get out of this wave, we expect … Read more
SME lending options – Extension in time Around 80,000 loans worth around $7.3 billion have been written since the scheme commenced in March 2020. The Treasurer said the extension of the SME Recovery Loan Scheme continues the government’s ongoing support for small businesses as they continue to bounce back from the pandemic. While there is … Read more
We’re excited to introduce Business Edge Advisors! We’ve refreshed our brand with a new look and feel while retaining the same excellent award-winning service. We felt the old branding was not quite shining the light on our full service offering we provided for current and new clients. We are looking forward to continue to providing … Read more
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
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
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
