SUMMARY OF THE WEEK’S ANNOUNCEMENTS In light of the recent developments around COVID-19 and the uncertainty we are all facing day to day, we felt it important to provide you a summary of this week’s announcements and their current status. JOBKEEPER PAYMENTS The JobKeeper Wage subsidy was announced by the Federal Government, providing access…
Now that the Federal Election has been won by the Coalition, our combined focus needs to be on considering effective tax and business planning strategies before 30 June 2019.
While the Coalition have promised company tax cuts and individual tax cuts, the majority of these are planned for a few years’ time.
Here are 2 key areas that will affect you in the short term.
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We’ve all heard of businesses that failed because they suddenly received a large tax bill that they couldn’t pay. These stories are even more unfortunate, because in many cases, these failures could have been avoided with some simple forward tax planning. As you’re reviewing your tax planning, keep these five simple tips in mind:
Many of the business owners we meet have signed up to cloud accounting, but that’s where they stop. They’re still doing accounting the same way, so they’re not making the most of the opportunities. At SPA, we use both traditional and cloud-based accounting systems — depending on our client’s needs. From our experience, here are the five main reasons we encourage clients to fully i…