JobKeeper Audits
The Australian Tax Office (ATO) has continued with their company audit regime throughout COVID, now with increasing focus on JobKeeper reviews. Employers have been required to provide further record of employee details, contracts and payroll, as well as business activity to ensure the details align with the JobKeeper applications and historic BAS and STP records.…
Read MoreRegional Job Creation Fund
Applications are now open for the A$100 million Regional Job Creation Fund, an initiative by the NSW Government to support existing businesses in regional NSW to grow, and to encourage interstate and overseas businesses to invest in regional NSW. Businesses may apply for up to $10 million in co-funding to activate or bring forward regional…
Read MoreWorking from home Public Health Order repealed from 14 December
As of 14 December, the Public Health Order instated by the NSW State Government that requires employers to allow employees to work from home “where it is reasonably practicable to do so”, will be repealed. This means employers are no longer obliged to allow employees to work from home. However, businesses will have to implement…
Read MoreTake control of your personal finances in 2021
Personal finances are a fragile thing at the best of times, but when the environment is as uncertain as it is now, it’s really important to take control of your finances before your finances take control of you. Here are some tips for a comfortable 2021… Know what you’re dealing with. List what’s coming in…
Read MoreScams! $174 million stolen from Australian businesses
Cyber crime is on the rise. Government agency, ReportCyber, reports that almost the same number of successful attacks have occurred between July and December 2020, as in the whole year to 30 June 2020. It is increasingly difficult to identify an attack. It is not your fault, nor is it a reflection of your intelligence,…
Read MoreMarketing that works
Business owners are required to be a jack-of-all-trades: finance officer, sales and customer service expert, R&D and supply manager, HR and technology specialist, not to forget the all-important marketer. Without consistent and quality marketing, potential customers just don’t know who you are or why they should buy. Here are some basic marketing principals and practical…
Read MoreAdviceCo $20,000 Community Grants Program
We have partnered with the Count Charitable Foundation (CCF) to launch a Community Grants Program in which charitable organisations are invited to apply for a $20,000 cash grant. AdviceCo and CCF will each contribute $10,000 to one charitable organisation before June 2021. Applications involve a brief 500-word proposal of what the applicant would do with…
Read MoreMarket update November 2020: US Election, COVID vaccine and rate cuts
The markets have responded positively in recent weeks to the US Election results and advances in COVID-19 management options. In regards to the US Election, the prospect of a divided government will be welcomed by the market. With a Democrat in the White House and a Republican Senate, Biden’s proposed corporate and High Net Worth…
Read MoreInsolvency Reform for Small Businesses in financial distress
The Federal Government has announced reforms to simplify the Voluntary Administration process in order to help financially distressed small businesses to efficiently restructure and survive the economic impact of COVID-19. The reforms will likely come into effect on 1 January 2021. Small businesses are historically most at risk of insolvency, with 80% of corporate insolvencies…
Read MoreNew Income Tax cuts by 16 November
The Federal Government announced income tax cuts for working Australians in the 2020 Federal Budget. The cuts must be included in any pay runs processed from (no later than) 16 November 2020, giving millions of Australians a few extra dollars in their bank account each week. Employers need to make sure they’re passing it on.…
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