Team area
HOSPITALITY AND
TOURISM
Experienced accounting and advisory support for Gold Coast tourism, accommodation, hotel and hospitality businesses.
Tourism and Hospitality Accounting Services Gold Coast
Running a tourism or hospitality business on the Gold Coast is rewarding, but it can also be relentless. Visitor demand can shift with the seasons, weather, school holidays, event calendars and broader economic conditions.
Walsh Accountants has supported Gold Coast businesses since 1976, providing practical accounting and advisory support for operators across the tourism and hospitality sector. We understand that tourism businesses do not run on a simple month-to-month rhythm. A strong peak season can hide weak margins, off-season cash gaps or labour costs that are difficult to see until they start affecting your bottom line.
Our tourism and hospitality accounting services are designed to give you clearer visibility over your numbers, stronger reporting and practical advice that helps you make better decisions throughout the year. We help you understand what is happening in your business and plan for what comes next.
- Tourism operators and visitor experience businesses
- Tour, activity and entertainment operators
- Holiday accommodation and short-term accommodation providers
- Management rights operators
- Hotels, motels and accommodation businesses
- Restaurants, bars, taverns, cafés, and fast-food franchises
- Takeaway shops, food vans and hospitality venues
Our Awards
Award Winning Gold Coast Tourism Accountants with +50 Years Experience in the Industry
The Challenges We Solve:
Cash Flow Gaps
Strong weekend trade, but nothing left by Tuesday? We give you rolling visibility, so shortfalls never surprise you.
Growing Pains
Opening a second venue and losing visibility across both? We structure your business, so growth doesn't create chaos.
Labour Costs Hiding in Your Margins
Is your roster costing you more than you realise? We implement regular weekly, fortnightly or monthly reporting to bring costs back on track.
Exit Planning
No clear succession or sale strategy in sight? We help you build toward a profitable exit on your terms.
Compliance Pressure
BAS and payroll deadlines piling up? We handle the obligations so you can focus on the floor.
Our Hospitality and Tourism Accounting Services
Our tourism and hospitality accounting services cover the full picture, from day-to-day compliance through to strategic business advisory. We work with Gold Coast operators who need more than annual tax support. They need timely reporting, cash flow visibility, practical advice and a team that understands the realities of operating in the visitor economy.
- For tourism operators, this may include budgeting around seasonal demand, reviewing tour or experience profitability, planning for equipment purchases, managing tax obligations or preparing financial information for lending and growth.
- For accommodation, hotel and management rights businesses, our hotel accounting and advisory support can help with reporting, cash flow, lease reviews, business structuring, due diligence and planning for sale or succession.
Tax and Compliance Services
- Accounting, Taxation and Compliance
- Cloud Accounting/ Bookkeeping Set Up and Training
- BAS/ IAS Lodgements
- Bookkeeping and Payroll
- Financial Lease Review
- Tax Planning
- Accommodation, hotel and tourism business reporting
Business Advisory Services
- Business Planning to Determine Start-up & Ongoing Costs
- Budget and Cashflow Forecasting Including Breakeven Analysis
- Strategic Planning and Goal Setting
- Establishing Key Performance Indicator’s Based on Personal Goals and Industry Benchmarking
- Business Succession Planning
- Business Structuring Advice and Asset Protection
- Due Diligence on Business Purchase
- Hospitality Advisory Services
Case Study: Gold Coast Restaurant Owners Navigating Growth
When a Gold Coast husband-and-wife team opened their second restaurant in Broadbeach, strong weekend trade wasn’t translating into available cash and labour costs were creeping up across both locations.
Cash flow visibility. We introduced a rolling cash flow forecast to help the owners see what was coming before pressure built. This gave the business a clearer view of peak-season income, off-season shortfalls and the timing of major expenses.
Labour cost control. We reviewed key operating costs and created simple reporting around labour, supplier costs, booking volumes and profitability. This helped the owners understand which services, periods and customer segments were contributing most strongly to the business.
Business structure. We reviewed the business structure and provided advice to support future growth, risk management and long-term planning. With clearer reporting and stronger financial systems in place, the owners were able to make decisions with more confidence.
Twelve months later, both venues are trading profitably, reporting is significantly clearer, and the owners are already planning a third location. This is what practical tourism and hospitality accounting looks like in action: clearer numbers, stronger planning and advice that supports the way your business actually operates.
Specialist Hospitality and Tourism Accountants
Our Gold Coast tourism and hospitality accountants work with operators who need practical, commercially minded advice. We understand that visitor economy businesses face unique pressures, from seasonal cash flow and staffing through to accommodation performance, venue profitability, tax obligations and long-term succession planning.
Igor Mitrovic | Manager, Walsh Accountants, Gold Coast
Igor Mitrovic is a Chartered Accountant with over seven years of experience working with tourism and hospitality businesses on the Gold Coast. Igor takes a hands-on approach with his clients, acting as a trusted adviser across both their business and personal tax affairs.
Igor’s areas of expertise include business structuring, tax planning, accounting and business advice. For tourism, accommodation and hospitality operators, Igor helps translate financial information into practical decisions around cash flow, structure, growth and long-term planning.
If you’d like to discuss how Igor can help your Gold Coast hospitality business, contact Walsh Accountants today.
Martin D’Souza | Accountant, Walsh Accountants, Gold Coast
Martin D’Souza is an accountant with a passion for helping Gold Coast tourism and hospitality businesses understand the story behind their numbers. Martin believes that when a business is dealing with seasonal demand, tight margins, staff pressure and daily operational demands, having a clear picture of your financial position is essential.
Working closely with Walsh Accountants’ experienced tourism and hospitality team, Martin helps operators cut through the noise of day-to-day trading to uncover the insights that drive smarter business decisions.
Find out how our tourism and hospitality accounting services can help you improve cash flow visibility, strengthen reporting and make more confident decisions in your business.
News from this team
Your venue is full on weekends. The reviews are good. Revenue is up. So why does it feel like there’s never quite enough left at the end of the month? This is the question we hear most from Gold Coast hospitality operators. Busy doesn’t always mean profitable. And profitable on the surface doesn’t always mean protected underneath. For many owners, the […]
News, Business & Entrepreneurial Support, Focus Advisory, Hospitality and Tourism, Women in Business
The Fair Work Commission has determined that a Philippines based “independent contractor” was an employee unfairly dismissed by her Australian employer. You may be curious how a foreign national living in the Philippines, who had an ‘independent contractors’ agreement with an Australian company, could be classified as an Australian employee by the Fair Work Commission? […]
News, Business & Entrepreneurial Support, Focus Advisory, Hospitality and Tourism, Women in Business
Although you may hate to admit it, the holiday season is almost upon us. Depending on the industry that you are operate in, the holiday season may either present you with a range of advantages, or challenges (or both!). Businesses often encounter unique cash flow challenges over the holiday period due to the seasonal nature […]
Business & Entrepreneurial Support, Walsh Property, Focus Advisory, Walsh Health, Hospitality and Tourism, Women in Business, Corporate and International Tax, Making your Numbers Talk, Business Growth Resources
In today’s dynamic business landscape, understanding the intricate relationship between profit, cash flow, and overall business value is paramount. While many business owners can decipher profit and loss statements, the gap between profit and cash flow often remains a mystery. This article serves as a guide for business owners seeking to harness the power of […]
News, Business & Entrepreneurial Support, Walsh Property, Walsh Health, Hospitality and Tourism, Women in Business, Making your Numbers Talk, Business Growth Resources
What are Key Performance Indicators (KPIs)? Key Performance Indicators (KPIs) are quantifiable metrics used to evaluate the success of an organisation in achieving its objectives. These metrics are tailored to specific goals and objectives and help businesses gauge their progress towards reaching these targets. KPIs provide valuable insights into various aspects of business performance, such […]
News, Business & Entrepreneurial Support, Focus Advisory, Hospitality and Tourism, Women in Business
What is Fringe Benefits Tax (FBT) Fringe Benefits Tax (FBT) is a tax levied by the Australian government on certain benefits provided by employers to their employees, their employees’ family members, or other associates in connection with employment. These benefits are separate from an employee’s salary or wages and can include perks such as the […]
News, Business & Entrepreneurial Support, Focus Advisory, Hospitality and Tourism, Women in Business
As the holiday season approaches, business owners often grapple with a pressing question: “How can I maintain cash flow during the Christmas and New Year period?” The ability to manage cash flow effectively during the festive season is fundamental and can significantly impact your business success going into the new year. In this comprehensive article, […]
News, Business & Entrepreneurial Support, Walsh Property, Focus Advisory, Walsh Health, Hospitality and Tourism, Women in Business
Stay ahead of the competition in today’s dynamic business landscape by gaining a comprehensive understanding of industry trends, performance benchmarks, and best practices. Our Industry Benchmarking Report empowers you to assess your business against the industry standard, providing a clear picture of where you stand. What will you discover with our Industry Benchmark report? Discover […]
News, Complex Individuals, Business & Entrepreneurial Support, Walsh Property, Focus Advisory, Walsh Health, Hospitality and Tourism, Women in Business
In the dynamic landscape of business, owners frequently face challenges that require them to adapt and evolve. It is crucial to recognise the trigger points that indicate the need for a review of the business structure, and to be proactive in seeking professional guidance. By engaging in such discussions, business owners can understand the potential […]
News, Complex Individuals, Business & Entrepreneurial Support, Walsh Property, Focus Advisory, Walsh Health, Hospitality and Tourism, Women in Business
Let’s be honest, no one enjoys paying tax – and you should never pay more than you have to. This is why smart tax planning strategies are so important! As we approach the end of another tax year, it’s time to take a proactive approach to managing your taxes. In this article we will share […]
News, Business & Entrepreneurial Support, Walsh Property, Walsh Health, Hospitality and Tourism, Women in Business
Treasurer Jim Chalmers delivered his second budget for the Labor Government. The Treasurer’s second budget since Labor took office, it is heavily targeted at addressing the rising cost of living and boosting welfare, all while still aiming for balance, trying to avoid contributing to inflationary pressures, and to continue to foster economic growth and a […]
News, Business & Entrepreneurial Support, Focus Advisory, Walsh Health, Hospitality and Tourism, Women in Business
As a business owner, you must assess whether you are obligated to report FBT for your employees. FBT, or Fringe Benefits Tax, is a tax that is levied on non-cash benefits that employers provide to their employees in addition to their salary or wages. We have received notice from the ATO they are beginning to […]
News, Business & Entrepreneurial Support, Walsh Property, Walsh Health, Hospitality and Tourism, Women in Business, Making your Numbers Talk
In today’s fast-paced business environment, business owners are constantly seeking ways to optimise their operations, reduce their operating costs, and maximise their profits. While profitability is undoubtedly an important metric, it is not the only one that matters. As businesses navigate increasingly complex supply chains, rising costs, and ongoing financial stress and pressure, now more […]
News, Business & Entrepreneurial Support, Hospitality and Tourism, Government Grants, Women in Business
Are you looking to replace or upgrade existing equipment to improve energy efficiency and reduce costs? Then the federal government’s Energy Efficiency Grant is for YOU! Grants are available between $10,000 to $25,000 to cover up to 100% of eligible project expenditure. Are you eligible? You can apply now if you: Are an eligible entity Have […]
News, Business & Entrepreneurial Support, Walsh Property, Focus Advisory, Walsh Health, Hospitality and Tourism, Women in Business
With the instant asset write off scheme set to expire on 30 June 2023, business owners have very little time left to purchase assets to claim the full deduction this financial year. What is the instant asset write-off? The instant asset write-off is a tax deduction that allows businesses to claim an immediate deduction for the […]
News, Business & Entrepreneurial Support, Walsh Property, Focus Advisory, Walsh Health, Hospitality and Tourism, Women in Business
At Walsh Accountants, our team are committed to elevating your understanding of numbers to help you manage and grow your business. Use these 8 practical accounting tips to run your business seamlessly. 8 top tips to understand and connect with your numbers Using reporting tools (such as Xero, MYOB, etc. or Business Insights and Dashboard reporting […]
News, Business & Entrepreneurial Support, Walsh Property, Focus Advisory, Walsh Health, Hospitality and Tourism, Women in Business
Now is the perfect time to set goals for your business to make 2023 your most successful year yet! 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 achieve for the year ahead. In this checklist you will find: […]
News, Complex Individuals, Business & Entrepreneurial Support, Walsh Property, Focus Advisory, Walsh Health, Hospitality and Tourism, Women in Business
Thanks to new amendments and legislation passed in October 2022, Queensland small businesses looking to restructure by transferring assets from a sole trader, partnership or discretionary trust structure to a company structure can continue to access either a full or partial duty exemption on the transfer. This makes business restructures not so taxing on business […]
News, Business & Entrepreneurial Support, Walsh Property, Walsh Health, Hospitality and Tourism, Government Grants, Women in Business
The Queensland Government Business Basics Grants Program is opening for round 4. The Business Basics grants program provides support to businesses to increase core skills and adopt best practice. Your business may be eligible to receive a single up-front fixed grant payment of $5,000 (excluding GST). This support includes funded activities in 5 priorities: Training and coaching (business development, marketing, […]
News, Business & Entrepreneurial Support, Walsh Property, Focus Advisory, Walsh Health, Hospitality and Tourism, Women in Business
The RBA has lifted the cash rate over consecutive months. That leaves us to ask a very important question – How high will interest rates go? Earlier, Reserve Bank Governor Philip Lowe told the Australian Strategic Business Forum that “…we’re going through a process now of steadily increasing interest rates, and there’s more of that […]
News, SMSF Division, Complex Individuals, Business & Entrepreneurial Support, Walsh Property, Focus Advisory, Walsh Health, Hospitality and Tourism, Women in Business
If you’re a company director, you must apply for your Director Identification Number (director ID) before 30th November 2022. What is a director ID? The director ID is a unique 15-digit identifier that directors apply for once and keep forever. It is aimed at preventing the use of false or fraudulent director identities. As a […]
News, Business & Entrepreneurial Support, Focus Advisory, Hospitality and Tourism, Women in Business
In a tight economy, a complaint we are hearing from business owners is customer fear of spending and the time it takes to achieve a sale. So, what can you do to overcome their fears and speed up the sales process? Sell the solution not the product Branding is wonderful but unless your brand is […]
News, Complex Individuals, Business & Entrepreneurial Support, Business Purchase Specialists, Walsh Property, Focus Advisory, Walsh Health, Hospitality and Tourism, Women in Business
To protect personal assets, it’s important that business owners operate and structure deliberately, and in a way to remove asset ownership from ‘at risk’ individuals. Why? Because everyone in business is carrying a level of risk as things can, and often do go wrong. There are a number of options that can be taken to […]
News, Business & Entrepreneurial Support, Walsh Property, Walsh Health, Hospitality and Tourism, Women in Business
Small and medium business can now take advantage of a 120% deduction on skills training and technology costs. The 2022-23 Budget proposed a 120% tax deduction for expenditure by small and medium businesses on technology, or skills and training for their staff. This proposal has now been adopted by the current government and details released […]
News, Business & Entrepreneurial Support, Walsh Property, Focus Advisory, Walsh Health, Hospitality and Tourism, Women in Business
With the 2022 tax season in full swing, the Australian Taxation Office (ATO) has revealed its top four tax time targets – these are the areas of focus this tax season where people tend to make the biggest mistakes. These are: record keeping work related expenses rental property income and deductions, and capital gains from […]
News, Complex Individuals, Business & Entrepreneurial Support, Walsh Property, Focus Advisory, Walsh Health, Hospitality and Tourism, Research and Development and Innovation, COVID-19, Women in Business, Corporate and International Tax
After easing off on its debt collection activities during the height of the COVID-19 pandemic, the Australian Taxation Office (ATO) is now ramping up debt collection, actively pursuing the recovery of billions of dollars in outstanding tax liabilities. As a key part of the recovery program, the ATO has been writing to individuals and businesses […]
The ATO has announced the next phase of changes to Single Touch Payroll (STP). Single Touch Payroll (STP) Phase 2 will reduce the reporting burden for employers who need to report information about their employees to multiple government agencies. It will also help Services Australia’s customers, who may be your employees, get the right payment […]
News, Complex Individuals, Business & Entrepreneurial Support, Walsh Property, Focus Advisory, Walsh Health, Hospitality and Tourism, Women in Business
If you have a division 7A (Div 7A) loan, you may be wondering, how it arose, what this means, and what your obligations are. This article will explain Div 7A in clear terms and outlines what you need to know to remain compliant. What is Div 7A? Division 7A is an anti-avoidance rule designed to […]
News, Business & Entrepreneurial Support, Focus Advisory, Walsh Health, Hospitality and Tourism, Women in Business
A series of reforms and changes will commence on 1 July 2022. Here’s what is coming up and how it will affect your business. 1 July 2022 changes for business Superannuation Guarantee increase to 10.5% The Superannuation Guarantee (SG) rate will rise from 10% to 10.5% on 1 July 2022 and will continue to increase […]
News, Complex Individuals, Business & Entrepreneurial Support, Business Purchase Specialists, Walsh Property, Focus Advisory, Walsh Health, Business Sales Specialists, Hospitality and Tourism, Women in Business
Temporary immediate full expensing of assets means businesses can immediately deduct the purchase cost of eligible new and second-hand* assets. Is your business eligible to immediately deduct assets? Businesses that are eligible need to have an aggregated turnover of less than $5 billion. For businesses with an aggregated turnover of less than $50 million, temporary […]
News, Complex Individuals, Business & Entrepreneurial Support, Focus Advisory, Hospitality and Tourism
Do you have a Discretionary Trust? (also known as a Family Trust) Yes – well, you need to complete your trust distribution resolutions before 30 June. Failure to do so could see you paying extra tax of up to 47% of Trust profits. How can this happen? If a Trustee of a Trust fails to […]
News, Complex Individuals, Business & Entrepreneurial Support, Walsh Health, Hospitality and Tourism, Women in Business, Corporate and International Tax
A bucket company is one of the most effective tax management tools available to business owners with consistently strong profit. It is a private company that sits alongside your family trust and receives distributions of trust income at the company tax rate of 25% – rather than that income flowing through to individuals at personal […]
Business & Entrepreneurial Support, Walsh Property, Focus Advisory, Walsh Health, Hospitality and Tourism, Women in Business, Making your Numbers Talk, Business Growth Resources
Understanding the Significance of Cost of Sales or Cost of Goods Sold (COGS). Cost of Sales (also referred to as Cost of Goods Sold [COGS]) is a very important financial performance metric, as it tracks your ability to manufacture/deliver goods and services at a reasonable cost. It represents the direct costs related to the manufacturing […]
News, Business & Entrepreneurial Support, Focus Advisory, Hospitality and Tourism, COVID-19, Women in Business
As challenging conditions brought on by the COVID-19 pandemic continue to put stress and strain on businesses, a growing number of business owners have sought advice and support from their professional advisors as well as their family/friends, colleagues and suppliers. The top 5 challenges facing businesses owners continue to be: Recruitment and labour shortages Supply […]
News, Business & Entrepreneurial Support, Hospitality and Tourism, Government Grants, Women in Business
The federal government has recently announced a grant of up to $25,000 for small and medium food and beverage manufacturing businesses to assist with energy-saving projects. The aim of this grant is to assist businesses to improve energy efficiency practices and technologies and better manage energy consumption to reduce their power bills. They will be […]
News, Business & Entrepreneurial Support, Focus Advisory, Hospitality and Tourism, COVID-19, Women in Business
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 […]
News, Business & Entrepreneurial Support, Focus Advisory, Hospitality and Tourism, Women in Business
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 […]
News, Complex Individuals, Business & Entrepreneurial Support, Hospitality and Tourism, Women in Business
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 […]
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 […]
News, Business & Entrepreneurial Support, Walsh Property, Walsh Health, Hospitality and Tourism, COVID-19, Women in Business
With COVID-19 impacting businesses across all industries, it may be time to consider if your team can work from home? If this is an option for you, it is essential that you implement procedures and policies that keep your team accountable to ensure continuity of your business Does your team have everything they need to […]
News, Business & Entrepreneurial Support, Walsh Property, Focus Advisory, Walsh Health, Hospitality and Tourism
Great news! The Queensland government has announced another grant available for Queensland businesses. The Business Boost grants program provides support to businesses to advance improvements in their efficiency and productivity. Your business may be eligible to receive a grant payment of up to $15,000 (excluding GST) to your proposed project. This support includes funded activities in 3 project areas: Future planning Specialised and automated software […]
News, Business & Entrepreneurial Support, Walsh Property, Focus Advisory, Walsh Health, Hospitality and Tourism
A quick google of ‘productivity’ will lead you to an overwhelming avalanche of tips, tricks, hacks, and methods. But what really works? What methods are tried and tested? What could you implement to improve your day to create some more time? In celebration of World Productivity Day recently (20 June) we spoke to Walsh Accountants’ […]
News, Business & Entrepreneurial Support, Focus Advisory, Hospitality and Tourism, Government Grants, Women in Business
The Business Basics grants program provides support to businesses to increase core skills and adopt best practice. This support includes funded activities in 5 priorities: Professional business advice Business continuity and succession Training and coaching Website build or upgrades Strategic marketing services Business Basics Grant Program – Key Details Eligible business size: Small […]
News, SMSF Division, Complex Individuals, Estate Administration, Business & Entrepreneurial Support, Business Purchase Specialists, Walsh Property, Focus Advisory, Walsh Health, Business Sales Specialists, Hospitality and Tourism, Research and Development and Innovation, Women in Business
The Federal Treasurer, Mr Josh Frydenberg, handed down the 2021–22 Federal Budget on 11 May 2021. This was possibly the most anticipated budget in history as the government outlines its plans for economic recovery post-COVID. THE BIG NUMBER: Good news is Australia has experienced a stronger than expected economic recovery from the COVID-19 recession. This […]
News, Complex Individuals, Business & Entrepreneurial Support, Business Purchase Specialists, Walsh Property, Focus Advisory, Walsh Health, Business Sales Specialists, Hospitality and Tourism, Women in Business, Corporate and International Tax
Tax Planning is the epitome of creative accounting. It gives your Accountant the chance to look at your financial position and take advantage of numerous strategies and initiatives available to you to minimise the amount of tax you have to pay. 2021 is a particularly exciting year because there are multiple federal government budget announcements […]
News, Complex Individuals, Business & Entrepreneurial Support, Business Purchase Specialists, Walsh Property, Focus Advisory, Walsh Health, Business Sales Specialists, Hospitality and Tourism, Women in Business
The minimum percentage employers are required to pay is set to increase with the next increase to 10% due on 1 July, 2021. The scheduled increase of the super guarantee rate from 9.5% to 10% on 1 July 2021 is still yet to be officially confirmed by the Federal Government, with Australian Treasurer Josh Frydenberg […]
News, SMSF Division, Complex Individuals, Business & Entrepreneurial Support, Business Purchase Specialists, Walsh Property, Focus Advisory, Walsh Health, Business Sales Specialists, Hospitality and Tourism, Women in Business
The carry-forward rules allow you to make extra concessional contributions – above the general concessional contributions cap ($25,000 per year). An unused cap amount occurs when the concessional contributions made in a financial year were less than your annual concessional contributions cap. This carry-forward arrangement means you can contribute funds up to the unused concessional […]
News, Complex Individuals, Business & Entrepreneurial Support, Business Purchase Specialists, Walsh Property, Focus Advisory, Walsh Health, Business Sales Specialists, Hospitality and Tourism, Women in Business
As part of the 2020–21 Budget, the government announced that it will provide support to businesses and encourage new investment through a loss carry back regime. Eligible corporate entities that previously had an income tax liability in a relevant year and have subsequently made taxable losses can claim a refundable tax offset up to the […]
News, Complex Individuals, Business & Entrepreneurial Support, Walsh Property, Walsh Health, Hospitality and Tourism, COVID-19, Women in Business
There are close to 40,000 Australian citizens and permanent residents registered with the Department of Foreign Affairs and Trade (DFAT) stranded overseas trying to return home to Australia. India and the UK have the most individuals registered to return home, followed by the US, the Philippines and Thailand. With so many expats heading back to […]
News, Complex Individuals, Business & Entrepreneurial Support, Walsh Property, Focus Advisory, Walsh Health, Hospitality and Tourism, COVID-19, Women in Business
On the 11th March, Prime Minister Scott Morrison announced a $1.2 billion stimulus package to support the domestic tourism sector with Australian travellers offered half-price flights to travel interstate. As part of its targeted support announcement, the Morrison government also announced an extension to and expansion of, its SME Loan Guarantee Scheme. Open to recipients […]
News, Complex Individuals, Estate Administration, Business & Entrepreneurial Support, Business Purchase Specialists, Walsh Property, Focus Advisory, Walsh Health, Business Sales Specialists, Hospitality and Tourism, Research and Development and Innovation, Women in Business
Identifying and embracing new ideas is a challenge for many businesses, especially those businesses who have not made this a key focus of their culture. This can be a major source of frustration for business leaders who realise that in order for the company to be as successful as it can be, it must be […]
News, Complex Individuals, Estate Administration, Business & Entrepreneurial Support, Business Purchase Specialists, Walsh Property, Focus Advisory, Walsh Health, Business Sales Specialists, Hospitality and Tourism, Research and Development and Innovation, Women in Business
One of the measures announced in the 2020-21 Budget was the temporary immediate expensing of depreciating assets. These rules allow businesses with an immediate deduction of 100 per cent of the cost of eligible depreciating assets. When is the eligibility period? The rules apply from budget night 6 October 2020 and will run through until 30 June […]
News, SMSF Division, Complex Individuals, Business & Entrepreneurial Support, Business Purchase Specialists, Walsh Property, Focus Advisory, Walsh Health, Business Sales Specialists, Hospitality and Tourism, Research and Development and Innovation, Women in Business
From 1 July 2021 the Transfer Balance Cap* (TBC) will increase by $100,000 from $1.6M to $1.7M. However, only members who have not yet commenced a pension will be eligible for the full increase with a new cap of $1.7M. If you have an already established pension, you will receive a proportional increase based on the unused […]
News, Complex Individuals, Estate Administration, Business & Entrepreneurial Support, Business Purchase Specialists, Walsh Property, Focus Advisory, Walsh Health, Business Sales Specialists, Hospitality and Tourism, Research and Development and Innovation, Women in Business
Many business owners become frustrated when their advisers don’t understand them or their business as well as they would expect. Whilst many business owner’s goals are similar, from an adviser’s perspective, there is such a wide variety of both long-term and short-term objectives that business owners have. Overlay these with the differences each business owner […]
News, SMSF Division, Complex Individuals, Estate Administration, Business & Entrepreneurial Support, Business Purchase Specialists, Walsh Property, Focus Advisory, Walsh Health, Show in Business in Australia, Business Sales Specialists, Hospitality and Tourism, Research and Development and Innovation
Treasurer, Josh Frydenberg has delivered the Coalition Government’s Federal Budget 2020-21. Rather than focusing on bringing the budget back to surplus which has been the case in previous years, this year it is focused on rebooting the economy and creating jobs. Taxation JobMaker Hiring Credit Economy 2020/21 Federal Budget Highlights Taxation The Morrison Government will […]
The JobKeeper 2.0 legislation has passed Understand how to qualify via the updated Basic and Alternative Tests What doesn’t change with JobKeeper? Businesses already enrolled for JobKeeper before 28 September 2020 do not need to re-enrol for the extension. They will need to continue to report monthly by the 14th day of each month. Businesses […]
Jobkeeper is scheduled to end on the 30th September With government support programs due to end on the 30th September, business owners (and individuals) have 10 weeks to prepare themselves to survive without government financial assistance. Some industries have been hit harder; and will take longer to recover than others. No one truly knows what […]
News, Business & Entrepreneurial Support, Focus Advisory, Hospitality and Tourism, Research and Development and Innovation
This grant will assist QLD small businesses who have been forced into hibernation, or who had to significantly change business operations as a result of the pandemic. The program aims to help small business prepare for safe resumption of trading and recovery and access new opportunities to relaunch their business. The grant amount is a […]
Failing to plan is planning to fail. Business owners need to be proactive during uncertain times to avoid business catastrophe and unnecessary sleepless nights. The following 8 steps are for business owners to consider to survive then thrive. Step 1: Assess future sales revenue for the next three months –what do you need to keep […]
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 […]
