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Budget Update 2022-23

This is a safe, ballot box friendly Budget as expected with a focus on jobs, cost of living, home...

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

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?

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

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

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...

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...

IMPORTANT UPDATE: NSW 2021 COVID-19 Business Grant

Overnight ServiceNSW have amended the decline in turnover test dates for the COVID-19 Business GrantFrom the 26th of June 2021 – 26th July 2021To the 26th of June 2021 – 17th July 2021.You now have to have experienced a decline in turnover over a minimum 2 week period...

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