In times of crisis, it is important for leaders to stand tall and lead. As a business owner, now is the time for you to lead your business decisively and with purpose. This will give your business the best possible chance of survival.
Summary of Announcements for Businesses: COVID-19
The following summary brings together the main points from those announcements to the extent that they affect small and medium sized businesses.
COVID-19: TAG’s approach to looking after you and our team
At TAG, our priority is the health and well being of our clients and our team. Whilst there is currently no direct impact on TAG’s service, we are putting in precautionary measures to minimise any COVID-19 risks…
ATO support for businesses impacted by COVID-19
Further to the Stimulus Package announced last week by the Australian Government to combat the economic impact of the COVID-19, the ATO have now advised the following…
Government Economic Response to COVID-19
Last week, in response to the recent Coronavirus (Covid-19) outbreak, the government announced a stimulus package intended to support business and consumer confidence, employment and business continuity.
Changes to CGT main residence exemption for expats
The Federal Government has passed a law that basically eliminates the CGT exemption for main residences to Australians living overseas.
ATO Crack Down on Car Expenses
The ATO recently announced that work-related car expenses are one of their key focuses. Ensure your clients’ record keeping for car expenses is up to scratch to avoid any issues with the ATO.
Single Touch Payroll (STP) – Action Needed
For small employers, with 19 or less employees, need to report through STP from 1 July 2019. Large employers, with 20 or more employees should now be reporting through STP.
Tax Planning for Individuals and Businesses
As the end of financial year approaches, it is important that you take the time to focus on tax planning and tax issues that affect you before 30 June 2019 arrives.
TAG Tips – Federal Budget, what you need to know
Treasurer, Josh Frydenberg, delivered the Federal Budget on 2 April 2019. We have summarised the Federal Budget essentials for our clients including individuals and small business owners.
TAG Super Tips – Removal of Franking Credit Refunds
In the lead up to the Federal Election one item that has sent a shiver of fear through SMSF Trustees is the proposed removal of franking credit refunds.
TAG Better Business – The Importance of Cash Flow
In this short 3 minute video, Tony Rule explains the importance of cash flow management for business.