by Peter McCarthy | Dec 23, 2020 | Accounting
Congratulations everyone, we made it this far. Christmas and 2021 are just around the corner. Winston Churchill said “If you’re going through hell, keep going”, so by 2020 standards, even just making it this far is an achievement. Being born and...
by Peter McCarthy | Aug 19, 2020 | Accounting
It was only a matter of time before JobKeeper payments received data matching scrutiny between the ATO and Social Services. Notice was posted recently in the Commonwealth Gazette (C2020G00570) of a data matching program that is to be launched between the ATO and...
by Peter McCarthy | Jul 22, 2020 | Accounting
The boost to the instant asset write off rules, put in place to help stimulate the Australian economy during the COVID-19 crisis has been extended to the end of this year. Businesses with a turnover of up to $500 million a year will be allowed to continue writing off...
by Peter McCarthy | Jun 21, 2020 | Accounting
When assessing eligibility for JobKeeper assistance, the first question to consider is whether the entity was carrying on a business as at 1 March 2020. This question is of particular relevance to entities that have solely or predominantly rental income (other than...
by Peter McCarthy | May 28, 2020 | Accounting, Business Management
The COVID-19 pandemic has proven challenging for many small business owners. It’s challenging to run your business remotely, especially if you’re not set up to do so. If you run a business that requires customers or clients to come to you, you might be...
by Peter McCarthy | May 21, 2020 | Accounting, Business Management
Your “Cash War Chest” is the financial reserve your business has built up so you can take advantage of an opportunity or cover unforeseen costs or emergencies. Creating a cash reserve when finances are tight, however, can be challenging. You need money to...
