Stay Informed & Focused! Focus Accounting And Financial Group News

13 Features of a Meaningful Strategy Meeting

A strategy meeting is an investment in positive future business performance. It is about clarifying with your team what the goals of the business are and setting out a plan for reaching those goals. How do you go about having a strategy meeting? We have listed 13 features of a meaningful strategy meeting that will help you maximise the benefits of your strategy session. read more

Looking to claim a tax deduction for transporting bulky equipment to and from work?

Normally, going to and from work is seen to be private travel. This means any expenses involved, such as running costs for your car, or public transport fares, are considered personal and so can not be claimed as a tax deduction. However, there is an exception that provides for claiming a tax deduction for transporting bulky equipment to and from work. read more

Tax cuts under the Personal Income Tax Plan: 2020-2021 and beyond

Stage 2 of the Personal Income Tax plan - we summarise the changes that have been implemented and provide some examples of the impact on personal income tax bills and weekly pay packets that result from those changes. read more

Round Three: $10,000 to $20,000 grants for eligible Victorian businesses

Round Three of the Business Support Fund program provides for one-off grants of $10,000 to $20,000, depending on your annual payroll in 2019-20. See eligibility criteria and link to apply. read more

Eligibility and payment amounts for the JobKeeper wage subsidy now and going forward

The JobKeeper wage subsidy program is a temporary Federal Government stimulus measure to provide support to Australian businesses that have been significantly impacted by coronavirus. As currently legislated, it provides for a flat rate $1,500 payment per eligible employee at eligible businesses, for each qualifying fortnight. This support is scheduled to end on 27 September 2020. However, the Treasurer has announced the program is to be extended to run through to 31 March 2021, although with some changes. read more

The Federal Government’s Stimulus Package to help Australia through COVID-19

The Federal Government has made two economic stimulus package announcements so far. These packages have now been legislated and most of the measures included have already taken effect. Below we go over the key measures to support businesses, then those to support individuals. read more