by Marketing | Mar 17, 2022 | BAS Bookkeeping, Bookkeeping Services, Busienss Strategies, Business Startup, Business Structures, Income Tax - Business, Income Tax - Individuals, Tradies
The building industry will be feeling the consequences of the recent liquidation of large construction companies, Probuild and Condev. Given the potential for other builders to experience financial distress/liquidation, trades and small business operators may well be...
by Marketing | Mar 24, 2021 | Busienss Strategies, Business Startup, Business Structures, Company Setup, Employment, JobKeepr, Stimulus 3, Stimulus Package 1, Stimulus Package 2
There has been a lot of talk about how businesses will cope post-JobKeeper. A comment I heard just today said, “The end of JobKeeper in March 2021 will result in an economic cliff face.” Really? Government Stimulus A year has passed since COVID-19 ravaged...
by Marketing | Mar 26, 2020 | BAS Bookkeeping, Bookkeeping Services, Business Startup, Business Structures, Company Setup, Employment, Income Tax - Business, Income Tax - Individuals, Shelf Company, Single Touch Payroll, Tax Saving Strategy, Tradies, Trust Setup
SMALL BUSINESSES NEED TO GET READY Stimulus Measures The Australian Government’s economic response to the COVID-19 crisis is a two-pronged approach. Cash Flow Boost JobKeeper/JobSeeker How do They Work We have been busy answering inquiries and calculating...
by Marketing | Sep 21, 2017 | Business Startup, Business Structures, Uncategorized
Often referred to as Sole Proprietorship, the business is owned and operated by an individual. Sole Proprietorship is the most common form of business ownership. It is a simple, low cost structure where the individual has sole rights to profits and no accountability...
by Marketing | Sep 20, 2017 | Business Startup, Business Structures
Need a company registration or business formation? Choosing a business structure when starting up a business is an important element of the setup phase. Business structure is important as it can impact on taxation, liability of owners, succession, ownership issues and...
by Marketing | Sep 20, 2017 | Business Structures, Income Tax - Business, Income Tax - Individuals, Shelf Company, Tradies, Trust Setup
If you received income for personal services as a sole trader, you need to be aware of special rules applying to this income. Introduced in 2001, Personal Services Income (PSI) rules applies to prevent individuals from “alienating” their PSI to either a...
