by Rajeev Dixit | Apr 21, 2020 | Taxation & Accounting
The JobKeeper payment is a subsidy of $1,500 per fortnight per eligible employee paid in arrears to the employer by the ATO. It’s for businesses that have suffered a detrimental decline in business because of COVID 19 to help keep their staff employed. To receive the...
by Rajeev Dixit | Mar 23, 2020 | Uncategorized
The Government yesterday released a second, far reaching $66.1 bn stimulus package that boosts income support payments, introduces targeted changes to the superannuation rules, provides cash flow support of up to $100,000 for small business employers, and relaxes...
by Rajeev Dixit | Nov 5, 2019 | Business Advice & Superannuation
The Australian Tax Office (ATO) has recently issued letters to 17,700 SMSF trustees reminding them of their Trustee obligations and with a particular focus on the need for a SMSF trustee to have in place an investment strategy that they have prepared for their fund....
by Rajeev Dixit | Oct 5, 2018 | Taxation & Accounting
Last financial year, 6.7 million taxpayers claimed a record $7.9 billion in deductions for ‘other work-related expenses’ which includes expenses for working from home. While the ATO appreciates that technology has led to more people working from home and greater...
by Rajeev Dixit | Jun 1, 2017 | Business Advice & Superannuation
Self-managed super funds (SMSFs) are a popular way of planning for retirement, with over 1.1 million people currently choosing what many describe as a ‘do-it-yourself’ superannuation. But why are SMSFs so popular among Australians? Let’s take...
by Rajeev Dixit | May 22, 2017 | Taxation & Accounting
The 2017-18 Federal Budget was unveiled on May 9, with the pharmaceutical industry praising the Turnbull government for supporting organizations within the sector. Minister for Health Greg Hunt announced a range of measures that the Pharmacy Guild of Australia...
by Rajeev Dixit | Apr 21, 2017 | Business Advice & Superannuation
Many pharmacists looking to compete with larger competitors are turning to creative solutions to give their business an edge. This can come in simple forms like offering flu shots, something 93 per cent of Australians are in favour of, according to the Pharmacy...
by Rajeev Dixit | Apr 6, 2017 | Business Advice & Superannuation
Changes to the Superannuation system as part of the Australian government’s 2016-2017 Budget, are set to commence July 1 this year. The changes are designed to improve the integrity, sustainability and flexibility of the Australian superannuation system,...
by Rajeev Dixit | Mar 22, 2017 | Business Advice & Superannuation
Small businesses are among the most vulnerable to cyberattacks. While we might be used to hearing about big corporations (and even presidential elections) being attacked by cybercriminals, it’s small businesses that suffer the most from threats to data...
by Rajeev Dixit | Mar 7, 2017 | Business Advice & Superannuation, Taxation & Accounting
Small businesses are, by definition, limited by the number of staff they have. While this is by no means a weakness, or even a disadvantage, it does require small businesses to make the most of their available human resources to take on multiple roles within...
