Category: tax accounting
Demand for accounting/tax services will grow over the next 12 months
Accounting/tax practices are fortunate to be providing an essential service during the COVID-19 pandemic. Demand for accounting/tax services will grow over the next 12 ...
Bartering free rent for services
Bartering free rent for services reduces your businesses rent costs to nil. For this transaction to occur, and be beneficial to both parties, it ...
Commercial leasing principles during COVID-19
The government is introducing a mandatory commercial leasing Code of Conduct (the Code). The Code imposes a set of 13 good faith leasing principles ...
Tax-Free Payments of $750 to Eligible Recipients
The Government is providing two separate $750 payments to social security, veteran and other income support recipients and eligible concession cardholders. The first payment ...
Tax agents are considered essential services
As trusted advisers, we are being inundated with requests for information as clients and businesses turn to us to help navigate through uncertainty. The ...
Income support for sole traders
Overview The Federal Government has established a new, time‑limited Coronavirus supplement to be paid at a rate of $550 per fortnight. Payments will commence ...
Increase sales to reduce rent as a % of sales
As rent is a fixed cost, increasing sales will reduce the rent cost as a percentage of sales. As a consequence, although the rent ...
How can a tax agent business survive a coronavirus outbreak?
Imagine this scenario - There is a coronavirus outbreak in your city during the busiest time of the year July - September. You will ...
Negotiate lease incentives to cut costs
Leasing incentives are financial concessions or upfront capital payments that landlords make to prospective tenants to entice them to commit to a binding lease ...
Buy your business premises in your SMSF
This strategy involves purchasing your business premises in your self-managed super fund (SMSF). This has the following advantages: Your superannuation is used to partly ...