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Service NSW recently released some further guidance on the JobSaver scheme which is now available to impacted businesses in NSW. Today the Prime Minister announced an expansion to the scheme to include additional support for more businesses.

You’ve worked really hard for a long time, made big sacrifices…family time, early mornings, late nights, taken risks and it has paid off. Time for you to enjoy the fruit of your labour that has been made possible by your sacrifices. Unexpectedly something comes out of the woodwork and you find yourself in a legal battle. You didn’t expect this and suddenly everything you’ve worked so hard for could be gone. Have you done everything you can to protect your assets?

Many NFP boards have set out to attract not only industry professionals but also legal, tax and media specialists to assist them in achieving their aims while minimising risk. While volunteer board members may not expect to be rewarded for their services, the absence of any remuneration can leave them unduly out of pocket.

The Bill introducing the superannuation guarantee (SG) amnesty received Royal Assent on 6 March 2020 and employers have until 6 September 2020 to correct any historic non-compliance with their SG obligations.

The New South Wales Government delivered their 2020-21 budget this week with a focus on creating jobs and securing the future amidst the COVID-19 pandemic.

On 22 June 2021 New South Wales Honourable Dominic Perrottet delivered the 2021-22 state budget, focussing on COVID safety measures along with targeted spending to assist small business and large spending packages on infrastructure and disaster recovery.

The Indigenous Procurement Policy (IPP) was initiated on 1 July 2015. The key focus of this Federal Government policy is to boost Indigenous entrepreneurship and support business development. This is achieved through creating more opportunities for Indigenous Australians to participate in the economy. Note also that State governments have adopted similar policies.

Applications for the 2021 COVID-19 Business support grants are opened at 12noon (midday) Monday 16 August 2021. Previously, the Queensland Government announced financial support for small and medium businesses impacted by the lockdown order which commenced at 4pm on Saturday 31 July 2021 for 11 local government areas (LGA’s) around Brisbane and has been extended to the Cairns and Yarrabah LGA’s

From arts and crafts to jewellery design, photography, candle making, sewing, blogging and live streaming, we all have hobbies. Some of us are even prolific enough to sell the produce of our leisure time on dedicated platforms and make a few extra dollars, without thinking much of it… until it’s too late. Income is income, and it is important to know that your hobby dollars might need reporting to the Australian Taxation Office (ATO). The line between hobby and business is thin so be sure you make it your business to know where the difference lies.

Treasury Laws Amendment (Electric Car Discount) Bill 2022 was introduced which proposes to make the provision of zero or low emissions vehicles exempt from fringe benefits tax (FBT).

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.

Director Identification Numbers (DIN) are required for all current directors and anyone who was a director of an Australian company on 31 October 2021. Whether still currently a director or not, you must apply for a DIN before 30 November 2022.

The Australian Taxation Office released a draft Practical Compliance Guideline (PCG) 2022/D5 which sets out their compliance approach for businesses that engage workers and classify them as employees or contractors. In 2022, the High Court handed down two decisions that impact how businesses distinguish between employment and contractor relationships.

Expanding an Australian (or any) business into the APAC region can be an exciting and potentially lucrative venture. Here's a checklist on what to look out for.

The ATO has made significant changes to how ATO debts are paid. Our experts explain what has changed.

As part of the 30 June 2024 annual reporting, public companies will now have to prepare a new consolidated entity disclosure statement. The consolidated entity disclosure statement will be required by all public companies (both listed and unlisted) who are required to prepare annual financial reports under the Corporations (Act 2001). It will apply to those companies whether or not they prepare consolidated financial statements.

Every successful business begins with a simple thought, an inventive idea or identifying a niche in the market which grows into a viable and commercial operation. For those looking to start their own business, it can seem a daunting task with a seemingly endless web of information available. However, seeking appropriate professional advice and assistance early on will simplify the process and allow you to focus on turning your idea into a reality.

On 28 July 2021 the Victorian Government announced a $400 million support package, jointly funded by the Commonwealth Government. The package is designed to provide support to Victorian small and medium businesses experiencing financial hardship from the recent lockdown. On 6 August 2021 the Victorian Government announced additional payments for previous recipients of the Business Costs Assistance Program Round Two and Round Two July Extension. Further support was announced on 12 August 2021.