Women in STEM and Entrepreneurship grants encourage participation of girls and women in science, technology, engineering and mathematics leading to STEM education and careers. This grant opportunity provides funding to grow and expand existing projects that support women and girls regardless of their background to build STEM skills and succeed in high growth employment areas. […]
READ MORENew financial support grants for NSW, SA, WA businesses
Businesses struggling with the COVID-19 Omicron wave of the pandemic have been offered new financial support grants in NSW, SA and WA. These grants have just been announced by the three state governments and will be a very welcome cash injection for struggling small businesses. New South Wales The NSW government has announced a $1b […]
READ MORENew Year Business Ready Checklist
The beginning of the New Year is the perfect time to sit back and reflect on the year that has passed and get excited for the opportunities in the year ahead. Having clear goals set for yourself and your business provides a sense of DIRECTION, MOTIVATION and a clear FOCUS on what you are trying to […]
READ MOREThe top 4 Christmas tax questions
Every year, we are asked about the tax implications of various Christmas related gifts and activities. Here, we break down the top 4 Christmas tax questions. Staff gifts The key to Christmas presents for your team is to keep the gift spontaneous, ad hoc, and from a tax perspective, below $300 per person. $300 is […]
READ MOREATO scrutinising gifts or loans from relatives overseas
Many people in Australia receive gifts or loans from relatives overseas. As a result, it is not uncommon for the ATO to scrutinise these transactions to ensure they are genuine and not undeclared taxable income or capital gains. If you are the recipient of a financial gift or loan from overseas, it is important that […]
READ MOREDirector Identification Numbers – applications opened 1 November 2021
On 1 November, applications for Director identification (ID) numbers opened. As part of its Digital Business Plan, the government announced the full implementation of the Modernising Business Registers (MBR) program with the Director ID the first step of the program. In the coming years ASIC & the ABR will come together to join one digital […]
READ MOREWhat triggers an ATO Audit?
Many business owners wonder what triggers an ATO audit and how businesses and individuals are selected from the millions of tax payers every year. Basically, the ATO will data match and look for anomalies (“red flags”). Government data matching has never been as sophisticated as it is today. This fast paced utilisation of technology provides […]
READ MORETourism and Hospitality Hardship Grant
Queensland tourism and hospitality operators facing significant financial hardship as a result of COVID-19 travel restrictions may be eligible for the Hardship Grant. Grants of up to $100,000 are available for a range of eligible tourism and hospitality operators. The $80 million program will support these businesses to continue offering a viable product and be […]
READ MORESuper stapling – what does this mean for your business?
Super stapling commenced on 1 November. If you are in business, you will need to adjust your process for on boarding new employees because you will play a key role in the Your Future, Your Super reforms. What is super stapling? A stapled super fund is an existing super account which is linked – or […]
READ MOREGold Coast Women in Business Awards – Nominate NOW!
For many years, Walsh Accountants have had a focus on supporting women entrepreneurship and the significant contribution women make to businesses. As such, in 2016 we made the decision to partner with and sponsor the Gold Coast Women in Business Awards. We love the way these awards celebrate the extraordinary achievements of women. The Gold […]
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