by Swot Accoountants | Feb 23, 2021 | Business News, Business Training, Companies & Trusts, Tax & Compliance
Buying an established business can have many advantages, especially a business that has a solid positive business history. However, established businesses can also have many disadvantages, like bad financial history or poor reputation. There are steps you can take and...
by Swot Accoountants | Dec 3, 2020 | Business News
In Australia, as much as 97% of all businesses fail. According to the Australian Bureau of Statistics, more than 60 percent of small businesses fail just in the first three years of their operations. That’s a scary statistic for hard-working individuals that are...
by Swot Accoountants | Oct 9, 2020 | Business News, Tax & Compliance
Personal income tax cuts from 1 July 2020 Personal income tax cuts backdated – The ATO has clarified that it will not adjust the over-withheld taxes from 1 July 2020, but instead, these over-withheld amounts will be included in the taxpayer’s tax assessments at the...
by Swot Accoountants | Sep 12, 2020 | Business News, Business Training, Companies & Trusts, Tax & Compliance
If you are starting a new business or your existing business is paying too much in tax, it is essential that the business owner/s seek expert accounting and legal advice concerning the business structure and asset protection. Running a business as a sole trader or in...
by Swot Accoountants | Aug 16, 2020 | Business News, Coronavirus (COVID-19)
JobKeeper 3.0 Adjustments to Decline in Turnover Test and Employee Eligibility On 21 July 2020, the government announced that the JobKeeper Payments will be extended until 28 March 2021. In addition, on 7 August 2020, the government announced adjustments to JobKeeper...
by Swot Accoountants | Aug 7, 2020 | Business News, Coronavirus (COVID-19), Tax & Compliance
To be eligible for the JobKeeper Payments from 28 September 2020, businesses will be required to meet a decline in GST turnover for each period of the extension. From 28 September 2020, businesses seeking to claim the JobKeeper payments will be required to demonstrate...
