Hire purchases, leases and their differences Making the correct financial decisions is a difficult but integral component to running a successful business. Often, your decisions may revolve around the purchase of assets such as machinery, vehicles and property. When considering such purchases, you will likely look into terms such as...
Author: Sidney Cachuela
12 questions to ask before you hire a bookkeeper
Business is booming and you’re finally starting to feel at home as a business owner, but as things get busier, it gets harder for you to manage your company finances. You’ve heard of bookkeepers before, and you know many businesses around you have one, but is it finally time for...
NSW Announces $10,000 to Small Businesses Hit by COVID-19
Aim To support thousands of small businesses across NSW to cope with Covid-19 shutdown. The NSW Government will put $750 million into the Small Business Support Fund as the centrepiece of a third wave of support measures to keep small businesses afloat. Benefit Eligible small businesses across NSW will receive...
Coronavirus Supplement – $550 each fortnight for eligible individuals
Aim Supporting vulnerable individuals through additional income assistance by the Government. Benefit A new time-limited or temporary “Coronavirus Supplement” of $550 per fortnight for six months from 27 April 2020. Eligibility Individuals under the following income support payment categories are eligible for the Coronavirus Supplement: Jobseeker Payment (and all payments progressively...
Providing Support for Retirees – Reduction in Super Minimum Drawdown & Social Security Deeming Rates
Aim Providing retirees with more flexibility as to how they manage their superannuation assets. Benefit Allowing retirees to drawdown less from their superannuation by 50% for the 2019-2020 and 2020-2021 financial years. There is also a reduction to the upper and lower social security deeming rates by a further 0.25%...