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1 in 8 SMEs failed to access additional funds: ABS

1 in 8 SMEs failed to access additional funds: ABS

by Shared by The Adviser | May 31, 2021 | News

The Australian Bureau of Statistics (ABS) has released its insights into Australian business conditions and sentiments for May 2021, which revealed that 8 per cent of all businesses sought additional funds over the last three months, down from 14 per cent in February....
Victorian government support announced for small businesses most impacted by latest lockdown

Victorian government support announced for small businesses most impacted by latest lockdown

by Karen Tan | May 30, 2021 | News

The Victorian government said it is backing those businesses most affected this time around, which includes operators in the hospitality, retail, events and creative industries with further targeted support. In response, the Victorian government has announced a $250.7...
Cryptocurrency traders once again on ATO’s radar this tax time

Cryptocurrency traders once again on ATO’s radar this tax time

by Karen Tan | May 28, 2021 | News

According to ATO data, around 600,000 taxpayers invested in crypto assets in the past few years, with a dramatic increase since the start of 2020. The problem is, the ATO fears many taxpayers think cryptocurrency gains are tax free, or only taxable when the holdings...
Industry body warns on ‘critical’ renewal error

Industry body warns on ‘critical’ renewal error

by Shared by Independent Financial Adviser | May 28, 2021 | News

In a member communication on Wednesday, the AFA said there was a “critical issue” with annual renewal laws due to come into force on 1 July.Read more at Independent Financial Adviser
FBT exemption, LMITO tax bill introduced into Parliament

FBT exemption, LMITO tax bill introduced into Parliament

by Shared by Accountants Daily | May 28, 2021 | News

The first of them is the government’s FBT exemption, which will provide employers with a way out of the tax if they offer soon-to-be redundant staff with training or education for the purposes of helping them find new work. Read more on Accountants Daily
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