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If your business has received JobSaver payments, you may have received an email recently from Service NSW requiring confirmation of the headcount and decline in turnover requirements.
The NSW government has announced a range of COVID-19 tax relief measures as part of the economic package to assist impacted businesses. The Payroll and Land tax measures are summarised below.
For the latest information and updates regarding COVID support grants available for NSW businesses, the NSW Small Business Commissioner website is updated as things change.
The Government has recently announced the availability of certain grants to provide temporary financial assistance to NSW businesses during the recent lockdown. Should you require assistance with the decline in turnover requirement or tax implications, please reach out to your contact at ADX Accountants.
The Government has recently announced the availability of certain grants to provide temporary financial assistance to NSW businesses during the recent lockdown.
As an SME owner, now is a good time to do a “stocktake” across your business, after 12 months of racing to get to the end of June.
In the past twelve months, many of our clients came to see us to discuss business opportunities, restructuring, cashflow and working capital issues.
Every small business owner will agree that it’s easy to get bogged down in the day to day processes and problems involved in keeping a business going, and forget the bigger picture!
We often get asked by our clients: What should I do to minimise tax? Do I purchase an investment property or buy shares? What structure do I invest under for long term wealth creation, for my retirement and to gift to family members?
One of the most important decisions any business owner will make is how to structure it.
Over my many years of working with business clients, I frequently meet with new clients who describe their business structure the same way.
Most business owners are aware of the importance of having a plan before exiting their business.
It’s not quite Christmas time yet, but most businesses will be in the process of thinking about the yuletide festivities, if not already into well-advanced planning.
The question of how much a person needs to have saved before confidently launching into their retirement years very much requires an individual answer.
Whether or not the trustee of a complying superannuation fund can accept member contributions for those aged between 65 and 75 depends on the member satisfying the “work test”.
It is not uncommon for professional people who provide services to set up a separate entity to run their business, be it a trust, partnership or incorporated company
Buying a property isn’t always a straightforward process, and one area that can cause confusion is the question of who is responsible for insuring it between the signing of the contract and settlement.
A recent change to the rules around superannuation means that more Australians may be eligible to claim a tax deduction for putting money into super.
Financially speaking there’s a lot going on. Superannuation and aged care pension rules have changed.
A small business loan can be invaluable when you’re establishing your business or when an unforeseen setback occurs, but you don’t want a loan to be short-term gain and long-term pain.
As a son or daughter, you may be faced with handling the financial affairs of those you love as they grow old.
It is highly recommended that you keep receipts for all expenses and possible tax deductions you are considering claiming for you or your business.
If you are relying on your Will to protect all of your financial interests, you may be surprised to learn that a Will only covers your personal assets.
Everyone wants to pay less on their mortgage, and refinancing is one strategy to help lower your interest rates – but is it worth it? We take a look at how you can get the most out of refinancing.
You may have heard about the new rules which require directors of Australian companies to obtain a Director Identification Number (director ID).