The Government temporarily halved the excise and excise equivalent customs duty rates for petrol, diesel, and all other petroleum-based products (except aviation fuels) for 6 months from 30 March 2022 until 28 September 2022. This has caused a reduction in fuel tax credit rates. During this 6 month period, businesses using fuel in heavy vehicles … Read more
In November 2021, I was nominated to be a part of Stars of the Border Dance for Cancer, it would be a fun journey to give back to my Albury Wodonga community. I thought it would be a great charity event to be a part of and connect with different people. It was all that and … Read more
This is a safe, ballot box friendly Budget as expected with a focus on jobs, cost of living, home ownership, and health. Key initiatives include: A 6 month, 50% reduction in fuel excise with effect from midnight Budget night A $420 cost of living tax offset for low and middle-income earners from 1 July 2022 … Read more
Welcome to Small Business Month for our NSW businesses. Each year it gets a new theme for Small Business Month and this year it is ‘Rebuild – Recharge – Renew’. We’re on board this year as a Collaboration partner with the NSW gov and excited to be taking part. Our sessions and many others are … 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
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
