Amendment to the Queensland Building and Construction Commission (QBCC) Minimum Financial Requirements (MFR) Regulation has been announced and commences from Friday 16 February 2024.

This relates to the requirement to lodge General Purpose Financial Statements when preparing a MFR report.
 

From July 2022, Queensland Building and Construction Commission (QBCC) licensees must provide General Purpose Financial Statements (GPFS) to comply with updated Australian Accounting Standards. Learn about the changes and what they mean for your QBCC license, and seek advice from Moore Australia to ensure compliance.

In this edition of our Business Lifecycle Series, Kerry Bebendorf, Partner and business advisor at Moore Australia (QLD/NNSW) explains the difference between a budget and cashflow, and what affects each of them.

The Queensland government's Business Basics Grants Program opens round 3 at 9am on Wednesday 4 May 2022. This program provides $5,000 funding to support businesses who want to increase core skills and adopt best practice across 5 priority areas including training and coaching, website build and upgrades, professional business advice, strategic marketing services and business continuity and succession.

The Queensland government, in conjunction with the Federal government, has announced an upcoming support package for non-employing sole traders.  This expands on the support previously advised for eligible small and medium businesses and large tourism and hospitality businesses.

On 15 June 2021, the Queensland Treasurer Cameron Dick delivered the 2021-22 state budget, following Queensland's nation-leading success in managing the economic health challenges posed by the COVID-19 pandemic, the government is focused on the states economic recovery plan sooner and stronger.

 

In response to the heavy rain and significant flooding that occurred in NSW in March 2021, there are a number of financial support programs available to businesses and individuals potentially affected by heavy rain and flooding.

As a result of COVID-19 and changed working conditions, employers may be providing benefits to employees that are not usually provided in a ‘normal’ year. Fringe benefits tax (FBT) may be applicable if you provide benefits in addition to salary and wages. There are exemptions and concessions available that can reduce (or eliminate) the amount of FBT you pay that are outlined in this article.

The Queensland government is extending the Small Business COVID-19 Adaption Grant Program, with applications opening on 1 July 2020, find out how you can start preparing now and get in early.

The Queensland government has announced a small business grant program for eligible small and micro businesses who have been impacted by COVID-19 shutdown restrictions announced by the Government.

The Queensland Government has announced a $400 million land tax relief package intended to support and relieve commercial tenants and landowners through the COVID-19 crisis.