COVID-19 – Accessing your superannuation early The Federal Government has recently introduced measures that allow individuals affected by the economic impacts of COVID-19 to access a limited amount of their superannuation early. This can apply to employers and also to those who are self-employed. If you have a Self-Managed Super Fund, the Australian Taxation Office …
JobKeeper payment – How it works and who is eligible
JobKeeper payment What is it? A wages subsidy to help employers keep employees in a job through difficult trading conditions created by COVID-19. It consists of fortnightly payments of $1,500 per eligible employee from 30 March 2020 for a six-month period. It requires the employer to apply for the payment. Payments will start in the …
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JobKeeper Payment – How to Apply
How to apply for the JobKeeper payment Step 1 – Check that you are an Eligible Employer and which of your employees are Eligible Employees. Step 2 – Register your interest on the ATO website. Step 3 – Notify any eligible employees that you will be claiming the JobKeeper payment on their behalf and provide them with an Employee Nomination Notice. They must …
The Real Reasons You Have No Cash
The Real Reasons You Have No Cash Are you sick of worrying about paying your bills and still having enough money to pay your GST and tax? This is a common complaint from small business owners who universally find lack of cash to be one of the toughest issues to overcome. Cash flow budgets are …
3 Simple and Effective Pricing Strategies – Part 2
Pricing Strategies – Part 2 Part 2 of our series on Pricing Strategies looks at how to direct your customer’s focus where you want it. Anchor Pricing When a Customer looks at a list of options for your product or service, they will tend to compare prices and use the highest priced offering as a …
3 simple and effective pricing strategies
Pricing Strategy Pricing strategy isn’t just about cost plus markup, or blindly aiming for the highest price possible, the very best marketers understand the psychological drivers behind consumer decision making. For those who don’t have hours to spend immersed in that subject, here is the first of 3 effective strategies to consider using in your …
End of Financial Year Tax Tips
End of Financial Year Tax Tips Small Business Entities can get an immediate deduction for assets whether new or second-hand which cost less than $30,000 each (including GST if your business is not GST registered, excluding GST if GST registered) if purchased before 30 June Check your trading stock at 30 …