Entries by admin

How to Access Your Income Statement

Accessing Your Income Statement Online Via myGov is Simple!   If your employer reports through Single Touch Payroll (STP) you may not receive a payment summary from them. Instead, your payment summary information will be available in ATO online services through myGov. It is now called an ‘income statement’. If you haven’t created a myGov […]

How to Create a myGov Account & Link to ATO

Linking your myGov account to the ATO to manage your tax and super affairs online is easy when you follow these steps below!     CREATING A myGov ACCOUNT Go to gov.au and select ‘Create an account.’ Read the terms of use, then select ‘I agree to continue.’ Enter an email address only you will […]

Cashflow Levers | PRICING

PRICING IS YOUR BIGGEST LEVER There is no other activity that has the most significant impact on your cashflow than pricing does. An increase in price has the most significant impact on profit, as every dollar goes straight to your bottom line. The price will always have an effect that is 2 or 3 times […]

EOFY Planning & Checklist 2020

It’s that time of year again… At the heart of every business success is good planning.  COVID-19 smacked every business and individual in the face.  The speed at which change was forced upon our world has been nothing short of a shocking nightmare. Even the best of planners couldn’t plan for this. One thing we […]

JobKeeper Steps & Guidelines

How do I ENROL for the JobKeeper payment? As the business owner you can enrol and apply for the JobKeeper (JK) payment from 20 April 2020. The steps you need to follow: 1.  Check you and your employees meet the eligibility requirements 2.  Continue to pay at least $1,500 to each eligible employee per ATO JK fortnight (the first JK fortnight […]

Retailers welcome national tenancy framework

Today The National Retail Association NRA welcomed the announcement by the Prime Minister, saying the National Tenancy Framework strikes a sensible balance between the interests of tenants and landlords and would maximise the chances of small business survival. Under the framework, businesses suffering a major downturn as a result of COVID-19 will be eligible to […]

COVID-19 JobKeeper Payment – Announcement

Prime Minister Scott Morrison yesterday announced a $130 billion economic stimulus package to help keep Australians in jobs – the third and largest economic stimulus package yet. With the JobKeeper payment, businesses will receive a fortnightly wage subsidy of $1,500 per employee for up to 6 months. The payment is designed to keep people in work and support employers to […]

Coronavirus (COVID-19) – Economic Stimulus Package Update

We are here to help you Yesterday the government announced further measures to assist small business. These additional amounts will help many businesses to keep their doors opened. If you have any questions or comments, please speak to us or your accountant. Below is a summary of those changes. 1.  BUSINESS INVESTMENT  The following measures […]

Coronavirus (COVID-19): Helping You Manage Your Business

This week the government announced a number of administrative measures for businesses experiencing financial difficulty in addition to the economic stimulus package announced last week. Today The Australian Banking Association announced a small business relief package which will allow small businesses to defer any business loans by 6 months. You can read here for more […]

Coronavirus (COVID-19) – Economic Stimulus Package Announcement

On 12 March 2020, the Federal Government announced that it will take new measures to help boost the economy and save jobs.  The stimulus package worth nearly $18 billion will benefit businesses and individuals. Below is a summary of the key measures outlined and what they could mean for you.  Please reach out to us or […]