by Keeli Cambourne | Jul 4, 2022 | Advocacy
In a submission to the Draft PCG 2022/D2 Non-commercial business losses, general manager technical policy, Tony Greco, wrote that if a business relies on customers directly impacted by the special circumstances, it in turn would suffer the same consequences of not...
by Dr Brendan Rynne, Dr Sarah Hunter, KPMG | Jul 3, 2022 | Blog
This would take the cumulative increase in the cash rate over the last three months to 1.25 percent, and given it takes time for the impact of higher rates to flow through the economy it’s likely that the pace of increases will ease from August onwards. Further...
by Keeli Cambourne | Jul 3, 2022 | News
Australian Small Business and Family Enterprise Ombudsman Bruce Billson said the changes will create more opportunities for small businesses to win government contracts. “There is no substitute for customers and it’s great to see the Commonwealth’s commitment to be a...
by Staff reporter | Jul 3, 2022 | News
Accounting methods refer to the amounts included as assessable income in any income year and depend on whether the business accounts for income on a cash basis or accruals basis. The ATO is advising businesses not to confuse these two accounting methods with the two...
by Staff reporter | Jul 3, 2022 | News
The guide applies to organisations that are both not-for-profit and taxable. Examples of the types of organisations covered by the guide can be seen on the industry codes table. The basic premise of a not-for-profit (NFP) organisation is that it is not operating for...
