This is a safe, ballot box friendly Budget as expected with a focus on jobs, cost of living, home ownership, and health. Key initiatives include: A 6 month, 50% reduction in fuel excise with effect from midnight Budget nightA $420 cost of living tax offset for low and...
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2022 NSW Business Support Package
The NSW Government has announced a $1bn support package for struggling NSW small businesses. Acknowledging the difficulty that businesses have faced as a result of COVID-19 over January and February 2022, NSW have announced a package of support measures. Eligible...
Expanding Single Touch Payroll
By now most business owners will have become used to Single Touch Payroll. As we head into the New Year, it is important to stay up to date with the growing requirements of running your own business. One such requirement is the expansion to the STP program – STP Phase...
How do I apply for a Director Identification Number?
Australia’s Director Identification Number (DIN) regime came into effect on 1 November 2021 and will require you to register for an identification number. A director ID is a 15 digit identifier that, once issued, will remain with you for life regardless of whether you...
Can Christmas Parties Be Claimed As A Tax Deduction?
2021 has been another difficult year for all, especially for small businesses, so many people will no doubt be looking forward to celebrating making it through the year and business owners may be wanting to reward staff for their hard work. In planning a Christmas...
Unwinding JobSaver
The NSW JobSaver, which provides payments of up to 40% of weekly payroll, is jointly funded by the state and Commonwealth governments. From 13 September, businesses receiving JobSaver have been required to reconfirm their eligibility for the payment each fortnight...
Director Identification Number for Company Directors
All company directors will soon require a Director Identification Number. A Director Identification Number is a unique identifier number that directors will apply for once and keep forever. This is being introduced to reduce the possibility of directors having...
Reconfirmation process for JobSaver & Micro-business Grant
If your business currently receives payments under the NSW JobSaver or Micro-business Grant schemes, you will now need to reconfirm your eligibility each fortnight to continue receiving payments. What needs to be confirmed? Each fortnight, your business will need to...
Major update to the NSW JobSaver Payment
From Friday the 10th of September, you will need to reconfirm your business still meets the eligibility criteria every fortnight to continue to receive your ongoing support payments.That is, you need to confirm with ServiceNSW that you have maintained your employee...
Lockdown Support Available for NSW Tenants and landlords
Support for small business tenants The NSW Government enacted the Retail and Other Commercial Leases (COVID-19) Regulation. This requires property owners to negotiate rent relief agreements with eligible tenants in financial distress due to COVID-19. In addition, the...
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