The biggest in Australia’s History Aim The government has announced $130 billion to fund a new JobKeeper payment with the aim to keep employees employed. Benefit Businesses will receive a fortnightly wage subsidy of up to $1,500 per employee as part of a Federal Government bid to prevent millions of...
Author: Patrick Sargent
Patrick Sargent is a Chartered Accountant and registered Tax Agent who is passionate about helping business owners and individuals achieve their goals, helping small businesses with a range of accounting services, including tax preparation, financial advisory, accounting and bookkeeping, and personal tax planning, as well as company, trust, and partnership tax returns and more.
Coronavirus – Government Stimulus Package for Small Businesses in Australia
The government has just announced plans to stem the coronavirus impact and hopefully ensure the country does not go into a recession. The stimulus package is worth $17billion and should give a much needed boost to the economy which is yet to see the worst. Here’s what you need to...
Difference between a company and a sole trader?
What's the difference between a company and a sole trader? Giving your business a formal structure is a transformative step that turns your dream into reality. While being a sole trader or establishing a company are popular setups in Australia, deciding which is best isn’t always easy. a sole trader...
ATO Single Touch Payroll
Single Touch Payroll (STP), is a new way of reporting tax and superannuation information to the Australian Taxation office (ATO). With STP you report employees' payroll information – such as salaries and wages, pay as you go (PAYG) withholding and super – to the ATO each time you pay them...
How do I file my Australian Company tax return 2019?
The financial year for 2019 has ended which means your company tax return 2019 will need to be prepared and lodged with the ATO. In this article we will explore what you will need and key information. What information you will need If you are operating a company, it would...