The past 18 months has had an enormous impact on small business owners. Research by software leaders Xero have found that 68% of respondents reported the past 12 months as more emotionally draining than any other year they’ve been in business. Read more for resources and support available to small business owners.
To alleviate the ATO’s concern that gig economy workers are correctly meeting their tax obligations, the ATO will introduce a reporting regime that requires the Operator of the service (i.e Uber, Deliveroo, Airbnb, etc) to report information directly to the ATO.
Read more about the crackdown on the Gig economy and what this may mean here .
Our Hall Chadwick QLD video series continues with cash flow modelling. Cameron Field explains how cash flow modelling can be used as a great tool in business, to identify where cash flow may be constrained in future periods, and utilised for business growth.
Click through to watch our video and learn more.
Superannuation is a highly regulated area. If an employer doesn’t meet their superannuation obligations on time, they need to lodge a Superannuation Guarantee Charge (SGC) statement which attracts significant penalties. In welcome news for employers, draft legislation has been introduced that addresses how ATO officers may exercise their discretion to remit SGC penalties. Read more here.
The Queensland Government has recently announced the eligibility criteria and details on how to apply for the $5,000 2021 COVID-19 Business Support Grant. Applications for the 2021 COVID-19 Business Support Grants open at 12pm (midday), 16 August 2021 and will close after three months on 16 November 2021. Read more about how to apply here.
This is the second year CreditorWatch has published its Economic Road Ahead Insights report – an opportunity to reflect on the financial year that was and form a view on Australia‘s economic future and the factors that are likely to drive it. Contributor Ginette Muller, Partner of Hall Chadwick talks to the outlook from a perspective of insolvencies. Read more here.