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Business Boost Grants
How would you like to receive a $15000 Business Boost Grant? The Queensland Government, through the Department of Employment, Small Business and Training (DESBT) has announced this grant recently in support of advancing the improvement in the efficiency and productivity of small businesses. Three (3) project areas of focus for this grant Future Planning of…
Stop Scams. Speak up and let’s talk about it!
Did you know that ACCC reported the following statistics in August last year alone? 190,000 reports of scams $192M losses Cryptocurrencies are the most popular type of investment scams (It starts with $250 and $500 investments, but scammers pressure more overtime before claiming all the investments is gone) The over 65’s have lost the most…
Success In Business – Part One
I have many times heard the same question asked in a myriad of ways, “How do you succeed in business?”. Over four decades of working in diverse industry sectors with multinationals to sole traders, I would answer that this requires a multi-faceted response. There are so many sides to success (even the term success can…
Divorce – what it means to you (and your business)
Breaking up is hard to do. Beyond the emotional and financial turmoil divorce creates, there are a number of issues that need to be resolved and failure to address them pro-actively will cost you more tax. What happens when there is a family company? A recent ruling from the Australian Taxation Office (ATO) will create…
5 Reasons for Tax Audit Insurance
Shortly we will be sending out our annual tax audit insurance offers. Today we offer five good reasons why you should consider the risk removal this provides. 1. You are comprehensively covered – All of your current and previously lodged returns are covered by our Audit Shield service, even if you had another accountant taking care of…
Contractor or Employee: ATO’s Cautionary Guidelines
Navigating the complexities of employment classifications, the Australian Taxation Office (ATO) issues a stern warning that simply designating a worker as an independent contractor in an agreement does not automatically align with tax and superannuation purposes. The presence of an Australian Business Number (ABN) is also not conclusive evidence of genuine contractor engagement. Clarifying the…