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23 May, 20

How to upskill when you’re self-isolating

Source: https://www.hays.com.au/ The ongoing COVID-19 outbreak has seen rapid and significant change sweep across the world of work, with organizations activating business continuity plans and transitioning their employees to remote working. For a large proportion of us, then, our day-to-day working lives now look very different to just a few weeks ago. Added to this […]

28 Apr, 20

Employers’ frequently asked JobKeeper questions

Source: https://www.ato.gov.au/ General Question: What’s the difference between JobKeeper and JobSeeker? Answer: The JobKeeper scheme supports businesses to retain their employees by contributing to their salary and wages and is administered by the ATO. Eligible businesses are required to register with the ATO to receive these payments for their eligible employees. JobSeeker payments are a form of […]

20 Apr, 20

ATO tax return: Tax Office reveals new working from home expenses rules

Source : https://www.news.com.au/ The tax office has announced special arrangements this year – and it affects everyone working from home due to the coronavirus crisis. The Australian Taxation Office has made a major change this year as a result of the ongoing COVID-19 pandemic. With countless Australians now working form home in a bid to […]

23 Mar, 20

Government announces a $66 billion second coronavirus stimulus: What’s available to small businesses, and how do I claim it?

Source: https://www.smartcompany.com.au/ Just 10 days after announcing its coronavirus stimulus package, the Morrison government has released a second, beefed-up and more robust version. The new $66.1 billion economic plan bolsters the measures of the first $17.6 billion pledge and is intended to help small businesses stay afloat, and keep people employed until the coronavirus-related economic downturn has […]

23 Mar, 20

Victorian government to refund payroll tax and establish business support fund in $1.7 billion response to COVID-19

The Victorian government will begin refunding payroll tax payments to small and medium businesses across the state this week as part of its $1.7 billion economic stimulus package in response to the COVID-19 pandemic. Victorian Premier Daniel Andrews and Treasurer Tim Pallas outlined the measures on Saturday in what they said is a stimulus package […]

20 Mar, 20

5 Tips to Enhance Your Accounting Skills this Year

Accounting Skills

ATO Tax incentives in response to COVID-19

Article 1 Instant asset write-off increased For new or second-hand assets first used or installed ready for use from 12 March until 30 June 2020, the instant asset write-off threshold will be increased from $30,000 to $150,000 for businesses with aggregated annual turnover of less than $500 million (up from the current $50 million threshold). […]

21 Feb, 20

The pros and cons of a career in accountancy

Source – Gradaustralia No job is all upside. As you prepare to go into the world of full-time work, it’s worth considering how much you’ll enjoy the pros and how disheartening you’ll find the cons of an accountancy career. The world is full of accountancy grads who aren’t working as accountants. Some are musicians (Mick […]

21 Feb, 20

Higher salaries inspire school leavers to consider accounting career

Source – accountantsdaily Citing recent data from recruitment agency SEEK, where accounting was ranked among the NSW top professions as the highest for salaries, Chartered Accountants Australia and New Zealand (CA ANZ) are encouraging school leavers to take up accounting. Lee Whitney, CA ANZ group executive account management, said accounting has also taken the lead […]