With the share market decimated, the banning of public events with more than 500 people and recommendations of self-isolation, it is inevitable that small businesses will be affected by the impact of COVID-19. So how is the coronavirus affecting businesses and what can you do to prepare for the impact? Employees As a hugely important […]
READ MOREResearch and Development
Business owners are constantly faced with the challenge of gaining competitive advantage over their competition. Developing their unique advantage may mean survival for some or a way to stay on top of competition for others.
READ MOREHow to Maximise your R&D Claim
You have identified that your business activities are eligible for the Research and Development (R&D) Tax incentive and you have registered the activity with Innovation Australia. So it’s straight forward to make a claim now, right? Unfortunately not. With the ATO focusing on R&D with increased compliance and audit focus, there are important rules that […]
READ MOREAre you Eligible for the R&D Tax Incentive?
The Research and Development (R&D) Tax Incentive registration deadline for those companies with a 30 June 2019 year end is rapidly approaching with the statutory deadline for lodging an application for the year ended 30 June 2019 being 30 April 2020. Eligibility Criteria for R&D Tax Incentive You can only benefit from the program if your initiatives […]
READ MORECrypto – Creditable or Kryptonite?
Low interest rates, government instability, flat bank stocks and threatened changes to franking credits have led to SMSF’s starting to look at chasing the higher returns of crypto-currency. So, is cryptocurrency a bubble waiting to burst or is it the future? Is Crypto a currency? The ATO has released several papers on crypto-currency and has […]
READ MOREFree Fair Work Health Check for QLD Businesses
WHEN WAS THE LAST TIME YOU LOOKED AT YOUR WORKPLACE POLICIES? If you’re concerned about your business’ policies, would you be interested in a free fair work health check? Last year, Fair Work issued penalties for over $4.4 million and conducted over 1,000 proactive investigations into Australian businesses. Don’t suffer the penalties, fines or pay-back […]
READ MOREEscape Fund – so you can always afford to leave domestic violence
This is an article that shouldn’t have to be written but with another incidence of devastating domestic violence on the news, it highlights the importance of having the money & resources to escape an abusive relationship. Let us start by reiterating; your safety is number one priority and no amount of saving is worth staying […]
READ MORER&D Tax Incentive Lodgement Date Looming
Don’t miss out on claiming the R&D Tax Incentive! If you are an eligible company with a 30 June income year, the deadline to lodge with AusIndustry is 30th April 2020 If you are planning to claim the Incentive and have not yet commenced the claim process, please contact Gavin Austin of our office on […]
READ MOREAustralian Bushfires – Summary of initiatives to help individuals affected
The ongoing devastating bushfires that has ravaged south eastern Australia will leave an everlasting scar on the Australian landscape. Below is a brief summary of initiatives that could help address some of the tax issues that the fires have caused. Australian Bushfires – Kangaroo hopping in front of flames in NSW. Photo credit: news.com.au Tax […]
READ MOREQLD Govt. Highly Specialized Equipment Grant
This program provides targeted assistance for small and medium business that demonstrate high-growth and employment aspirations. The fund will enable successful applicants to purchase and implement specialized equipment to help them seize growth opportunities. Funding of up to $50,000 (excluding GST) is available for eligible businesses to purchase and implement highly specialized equipment. These purchases […]
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