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COVID-19 Tax Round Up June 2020

The tax rate of company reduction to 26% for base rate entities. The $150K instant asset write-off is planned to be deducted to $1000 for small businesses and will be no longer open to the organizations having gross annual turnover of $10 m or more than that, on the...

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Government Incentives to Help Small Business During COVID-19

The whole world is facing extraordinary situation with pandemic COVID-19. This pandemic has disturbed the social gatherings, industries and daily life of people. As the pandemic is growing, the rapid change in the climate has left the businesses to move on with their...

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Working From Home During COVID 19

Due to COVID-19 outbreak, many of the employees in Australia have been encouraged to work from home . The ATO has declared a relaxation to the normal work from home rules and initiated a latest fixed rate of 80 cents that will cover all the deductions. This method has...

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COVID-19 (Coronavirus) Information for Small Business

You will get the latest information regarding the obligations and rights of small businesses regarding the scenario caused due to Coronavirus pandemic. The small businesses are struggling nowadays to manage their delays, cancellations, and suspension of services and...

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COVID-19 and Your Business Financial Management Strategy

The pandemic COVID-19 has disturbed the world. Irrespective of the industry in which you are involved, you will have to alter your business operations, according to the current scenario. The response in the traditional crisis will not be sufficient because this kind...

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Benefits of Bookkeeping Services for Small Business

Bookkeeping Services benefits for Small Business Bookkeeping is the basic and important step of accounting. Bookkeeping Services manages the record of incomes and spending of the firm. In order to save expenses, some of the small business owners decide to do the...

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Budgeting Tips For Small Businesses in 2020

At the end of the year, the business owners divert their attention towards planning for 2020. It is an intimidating piece of work to plan for New Year as the economy is booming and global recession fears complicate the outlook for entrepreneurs. It is excellent as if...

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The Best Online Software Tools for Small Businesses

The foundation for a company to grow is a solid accounting and bookkeeping that relates to using the appropriate tool for perfect financial housekeeping whose usage should not be delayed till tomorrow because in the future the scenarios are going to be more...

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Tips For Managing Your Personal Finances

It can be tricky to be an adult, especially if you love to shop and are not good with numbers. There is so much to do, and so many things that can be seen across the country, and all of it costs money. Many of us are guilty of falling into the trap of living beyond...

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Black Economy Leaving Negative Impacts

Losing Money to the Black Economy? Cash payments are quite common, especially in business, but this money considered as the black economy which is the main consideration for the community and the government. These are the facts which would amuse you: The Black Economy...

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Payroll Tax Exemption for Parental Leave

Introduction - Under section 53, the Payroll Tax Act 2007 free from some of the wages. It got some changes and as per the new rules, from 1 July, 2019, paid or payable wage exemption to the employee at the time of adoption or maternity leave got extended for wages for...

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