6 Key Steps for Contingency Planning in the Coronavirus Climate
It is as important for businesses to have a plan to manage any financial or operational flow on effects they may experience, as it is to have a plan to cope with necessary absences or leave required for self-isolation measures if COVID-19 is contracted by an employee, contractor or customer who has been onsite. read more
Tax offsets and why the recent personal income tax cuts don’t necessarily give you cash back
The fact is that the changes to the personal income tax was in the form of tax offsets, rather than straightforward cash payments to tax payers. What this means is that first, you have to have a tax liability to benefit from the changes. read more
Beware ATO actions to recover tax and superannuation debt
The ATO can take various actions to recover debts. The action taken is tailored to each individual situation and based on the circumstances, past behaviour and lodgment and payment history. read more
4 Key Points on the Instant Asset Write-Off Provisions
Eligible businesses can use these provisions to claim an immediate tax deduction for the full cost of qualifying assets under the threshold amount - rather than being restricted to only claiming the depreciated amount each year for the next 10 years. read more
ATO to further punish non-compliance with PAYG obligations from 1 July 2019
Now, the ATO has added another incentive for PAYG compliance. From 1 July, businesses that fail to comply lose the ability to claim the corresponding payments as a tax deduction. read more
Do you need a permit to employ children in the family business?
Some employers may be unaware that there is legislation that governs the employment of children, which should be considered before they are brought into the workplace. This is relevant even when the children to be employed are relatives of you or your employees. read more

Looking For A Clear Picture
Of Your Finances?

Focus Accounting and Financial Group offer clarity and insight into your current position, as well as a reliable strategy for future success. For tailored accounting services, business advice, SMSF support and a partnership you can trust, book your free consultation today.

Location

Contact Us