The power of a 1-page business plan
A new business idea has sparked in your head, and you are ready to move forward? Or perhaps you have been running your business for a while and thinking of progressing to a different stage? Having a clear direction supported by exact steps is crucial for any business. And that is the exact job of […]
Record-Keeping Requirements for Business
The start of the financial year is a great time to review and understand the requirements of record-keeping for business. If you can stay on top of your record-keeping throughout the year, you’ll have less of a headache come tax time next year. Not only that, but sound record-keeping in your business will enable better […]
Maximising your tax deduction
And just like that, we are in a new financial year. The start of 2020 has been bumpy for lots of individuals and businesses, throwing a curveball and affecting not only professional but personal lives as well. Tax deductions can be overwhelming: what to claim, and how much? What about COVID-19, JobKeeper and JobSeeker stimulus? […]
How to Find a Good Accountant for My Business
While some leave it until the last minute, selecting an accountant for your business is an important exercise. It can mean the difference between comprehensive reporting and maximum tax returns and leaving money on the table. It can also ensure you receive timely, accurate advice regarding your business structure, practices, entitlements and more. Steps to […]
What Grants are Available for Businesses?
Over the past few months, there have been a range of funds and grants made available for businesses to help with the fallout of COVID-19. While some of these have closed, we’ve researched a few other avenues that may be of interest, if you’re looking for support to help you weather the storm. Indeed, the […]
How to Save Money in Your Business
Saving money for your business is obviously a great initiative at any time. During hard times, however, it’s arguably even more valuable. Do you know how to save money in your business? The year of 2020 has, so far, been dominated by COVID-19 in many ways, not least of all the economy. Communities, businesses, and […]
Should I Withdraw My Super Early?
Many people have been affected financially by COVID-19 and the resulting impact on employment. In an effort to support individuals and families, the Australian government has relaxed some of the regulations around early access to superannuation. Up to $20,000 can be withdrawn over the next 2 years if you are eligible. But should you withdraw […]
Why Fringe Benefits Tax Matters to You
Employers pay Fringe Benefits Tax (FBT) on certain benefits that are provided to their employees, employee’s families and associates. For FBT to apply the person must be considered as a current, future or past employee, a beneficiary or the director of a company. FBT is created for the employee’s benefits and is levied by the employer. We’re […]
Updates to Australian Government Support for Coronavirus
Recently the Australian Government announced a number of measures to support Australian businesses and individuals during this unprecedented time of uncertainty amid Coronavirus. They’ve now also announced the second phase of that package, with greater levels of support. QC Accountants is here to support you through this challenging time. We’ve drafted the below summary of what’s on […]
Coronavirus and Your Business – Support is Available
The past 48 hours have seen an escalation of responses to COVID-19, following the World Health Organisation’s categorisation of the spread of the virus as a “pandemic”. Economic impacts are being felt – and the Australian government is implementing urgent measures to support businesses through what may be a difficult time. Federal Government At a […]
