6/6/2022

Our TaxWise Business Newsletter is now available.  Topics include: • A new government - tax changes? • Year-end tax tips • What concerns the ATO? • FBT Issues •Scams and crimes • Key tax dates PrincipleFocus-TaxWise-Business-News-June-2022Download

17/11/2021

In 2020 the government introduced measures to help businesses recover from the impacts of the coronavirus pandemic (COVID-19). Eligible business entities may want to know which tax depreciation incentive is right for them. This ATO detailed document explains the depreciation incentives that are available and when businesses could consider using them. Interaction_of_tax_depreciation_incentivesDownload

22/10/2021

Webinar held on Wednesday 27th October 2021 67 participants including a number of PrincipleFocus clients and team members Toby Mendal and Wes LefoyKey Key Learnings Interest rates are still a the single greatest influence on land values with a correlation of 40%. Yet their influence is falling in the current market with increased commodity prices…

5/10/2021

Director identification number (director ID) is a new requirement for all company directors, designed to help combat illegal activity by making it easier to trace directors’ relationships with companies. Directors can apply for their director ID from November 2021 on the new Australian Business Registry Services (ABRS). How director ID works A director ID is…

21/9/2021

Our latest TaxWise Business newsletter is now available. Topics include; • Summary of State and Territory 2021 COVID-19 financial support measures available to businesses • Do you need to pay tax on COVID-19 financial support payments that you receive? • It’s tax time again! • What were some of the more significant 2020–21 tax changes for…

20/9/2021

By 27 September 2021, employers (other than small business employers) need to assess whether any existing casual employees (employed before 27 March 2021), are eligible to be offered to convert to permanent employment. Employers need to: make a written offer to convert their casual employees to permanent employment (this must be done within 21 days after making the…

15/9/2021

AFR - Wednesday, 15 Sep 2021 - Page 24 Michael Jiang’s grocery business has been given a boost by a federal government-backed scheme enabling cheaper loans to expand operations, including buying commercial property. Strategy Government-backed funding for pandemic relief can ease retirement plans, writes Duncan Hughes. Michael Jiang’s grocery business has been given a boost…

14/7/2021

What follows are the just-announced stimulus measures from the NSW Government as well as a few others that have been around for a little bit that you might not be aware of. This support is now statewide and will, importantly, ensure regional NSW is looked after as well. CASH BOOSTER (BUSINESS) This is a fortnightly…

21/6/2021

Despite a bumper harvest, record commodity prices and rising rural land values , annual returns generated from prime farmland fell for the fourth consecutive quarter in the three months to March as the strongly performing cropping and grazing sector was offset by weak returns from permanent farmland. Over the first quarter of 2021, total annual…

14/6/2021

Our latest TaxWise Business newsletter is now available. Topics include; • Incentives to help businesses recover • Business tax time errors • How PAYG instalments work • Simplified trading stock rules • Electronic invoicing • FBT rates and thresholds • Year-end tax tips • Online services for sole traders • The black economy • myGov email…