$25,000 Cash Payments for Small Businesses

The government announces increased tax benefits in response to the Coronavirus, which includes $25,000 cash boost for eligible businesses as well as an investment incentive.   The Australian Government announced its response to assisting the economy in light of the Coronavirus. This assistance will be provided through a $17.6 billion economic stimulus package.  The purpose…

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Bookkeeping and why your business needs it.

Bookkeeping is an essential business function in all businesses. Whether your business is a startup business or an established business, the need for accurate and timely bookkeeping and business finance management should not be underestimated.   In Episode 8 of the Small Business All Figured Out podcast, Corinne Cole and Sheryl Cole talk about what…

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Are you ready to start a business? (Part 1)

As small business accountants in Melbourne who work with hundreds of small business owners, we know what it takes to successfully start a business. Starting a business can be a very rewarding journey, when done right. It can also be a costly and stressful experience when not done right.    When we were planning out…

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What is Negative Gearing and How Does It Work?

What is negative gearing? Negative gearing. It’s a term you’ve probably heard before, but what exactly is it? Does it only relate to investment properties or can it be achieved with other investment types? More importantly, is it something you can benefit from?   Have you tuned in to our podcast? Episode 7 is a…

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Super guarantee opt-out for employees with multiple employers

Employees with multiple employers can now opt-out of superannuation guarantee from all but one employer.   Employers are required to pay 9.5% superannuation guarantee for all eligible employees. But what happens if you are an employee with multiple employers? Until recently, these compulsory payments meant some employees risked unintentionally breaching their concessional contributions caps. New…

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