COVID-19

18 May, 21

Top Effective Strategies For Your EOFY Tax Plan!!!

Another financial year is about to end, but don’t worry; there are still some lucrative strategies that you can apply to maximize your tax refund. The goal is to ensure that you don’t have to pay more than you are expected to in the 2020-21 year and maximize the refunds you might be qualified to […]

01 Apr, 21

The accounting industry’s biggest challenges to growth at scale

Accountancy firms, like any other sector, face operating challenges and growth obstacles. Others are special to the accountancy profession, while others become more prevalent as the discipline increases in size and sophistication. As representatives and influential industry experts expose the major obstacles to development for accountancy firms as they expand, take a glance at a […]

23 Feb, 21

Victoria offers relief to businesses hit by snap lockdown

Victorian small businesses could be eligible for up to $143 million in support to compensate for stock losses and cancellations caused by the sudden five-day closure of businesses last weekend. The package, which will be open to about 50,000 Victorian businesses, comes after wide-ranging criticism about the lack of warning of the shutdown ahead of […]

08 Feb, 21

Five tips on asking for a pay rise in a pandemic

Source: Financial Review Negotiating your salary can feel uncomfortable, but it doesn’t have to be. We asked the experts for their top tips on how to get a raise. Asking for a pay rise can be a difficult conversation at the best of times, but the coronavirus pandemic has meant convincing your boss is harder […]

07 Feb, 21

Set your monetary information on today in motion for later

As the reports collected by Accounts NextGen explains that the Coronavirus has been a driver of extraordinary change. From the manner in which we work to the way we live – all that we once knew as natural is currently unique, and that incorporates how many centres we provide for our regular funds.

Job ads are now above pre-pandemic levels. Here’s who is getting hired and where to look

The advertised job vacancies have now transformed to their pre-pandemic levels after the business embarked on the major festive drive for recruitment. However, the concern continues to grow over the end of Job keeper could affect the unemployment and the underemployment rates with most of the recovery process driven by the casual and the part […]

16 Jul, 20

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Accounting, Business, Careers, Jobs, Taxation
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The Auditing work after the Pandemic Era

Keeping the financial record for a business with high accuracy is one of the auditing teams’ foremost works. They are actual fact-checkers or information verifiers of the firms. However, with the emergence of the Covid-19 crisis, things have changed as well as the work too. All sectors, including financial and non-financial, are battling for their […]

12 Jun, 20

Small businesses fail to seek cash-flow management help

Source: https://www.mybusiness.com.au/ Less than a sixth of small and medium businesses are engaging their accountants for assistance with cash-flow management despite its importance, says a non-bank lender. According to a Scottish Pacific report, SME Growth Index, only 16.1 percent of SMEs are seeking cash-flow management advice from their accountants. Scottish Pacific chief executive, Peter Langham told […]

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 […]

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). […]