Today, the government announced that they would be increasing the Economic Stimulus measures to businesses. The change will see the maximum claim by a business rise from $25k to $100k of cash assistance based on the PAYG withheld on wages and reported via the Business Activity Statement with a minimum payment receivable of $20,000.
Some small business owners are wondering if it is worth going back on the books as an employee to take advantage of the latest tranche of government stimulus being the PAYG Concession of up to $100,000 for eligible businesses based on the tax withheld on employee wages, called the Boosting Cash Flow for Employers measure.
Today the government announced a new stimulus measure to assist businesses to retain employees, please see below details of the new scheme.
Many SMEs are fearful of automation, envisioning high costs and lots of tech replacing human workers. But Bartley Partner’s own chartered tax adviser Christopher Overton explains, neither of those are necessarily true.
Automation has firmly entrenched itself as a business trend of our time and more and more SMEs — from coffee shops to business services firms and manufacturing operations — are realising that there are aspects of almost any business that can be automated to drive efficiencies and profit.
If you’re a small business operating in South Australia, there’s a chance that you’ve heard of the Labour Hire Licensing laws and how they seem to be continuously changing. And it’s that time of year again and time for another change.
The Consumer and Business Services (CBS) announced that they will recommence accepting applications for labour hire licences. Read more
Unless you have been locked away on a desert island for the last few years, chances are you’ve heard of cryptocurrencies. Cryptocurrencies are digital currencies operating independently from central banks or governments. Using encryption techniques to generate and regulate production, these currencies were developed to reduce fraud and increase security, the success of which is a hotly debated topic. Read more
True business accounting is about so much more than just tax returns and compliance. It’s about looking beyond the numbers to ensure that while your business is meeting its full potential, both you and your employees feel safe and enjoy being at work. Read more
If you’re a small business, you know that Single Touch Payroll (or STP) is the new way for businesses to report tax and super information to the ATO.
As of 1 July 2019, all small business employers with more than four employees are now required to report through STP, as well as employers with 20 or more employees who should already be using this system. Read more
If you’ve started your own business, you know the highs and lows already: the great feeling from getting more clients, doing the work you really want to be doing and being your own boss. But there’s always another side to that coin: late nights, stress, financial insecurities. The thing that’s often not talked about is all the administration work that needs to be done and that seemingly never ends. Read more