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Portable Long Service Leave

Portable Long Service Leave Setting up your business Portable Long Service Leave is a system designed to provide long service leave benefits to employees in industries or occupations where workers frequently change employers. Traditional long service leave typically accrues with a single employer over a long period, often requiring an employee to stay with the […]
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Selecting the Appropriate Business Structure

Outlined below are seven compelling reasons why the choice of the right business structure is of paramount importance: Shielding Your Assets: Certain business structures, such as corporations, provide limited liability protection. This safeguard shields the personal assets of business owners from potential debts and legal liabilities.   Tax Considerations: Different business structures come with varying […]
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covid 19 government grants and assistance etax australia
11 Aug 21

Covid 19 Government Grants and Assistance

Covid 19 Government Grants and Assistance The COVID-19 Disaster Payment was originally announced on 3 June 2021 in response to the May/June 2021 Victorian lockdown (and made applicable to future Commonwealth declared hotspots such as in NSW, Victoria, Queensland and South Australia). Its primary aim is to provide weekly assistance to eligible individuals (i.e., eligible […]
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business support fund etax australia au
01 Jun 21

Circuit Breaker Business Support Package

  The Victorian Government has launched the $250 million Circuit Breaker Business Support Package to assist small to medium businesses and sole traders, under the circuit breaker restrictions announced on 27 May 2021. https://business.vic.gov.au/grants-and-programs/circuit-breaker-business-support-package The package will support businesses unable to operate due to these necessary public health measures, including targeted support for the events industry. […]
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more COVID grants given to SMEs given tax free status
11 Jan 21

More COVID grants given to SMEs given tax free status

Under the Income Tax Assessment (Eligible State and Territory COVID-19 Economic Recovery Grant Programs) Declaration 2020, Mr Frydenberg declared as tax-free funds received in Victoria under the Alpine Business Fund, the Business Support Fund 3, the Licensed Hospitality Venue Fund, the Melbourne City Recover Fund – Small business reactivation grants, the Outdoor Eating and Entertainment […]
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are fitness expenses tax deductible? etax australia
25 Nov 20

Are Fitness Expenses Tax Deductible

Fitness expenses will be tax deductible if employees need an abnormal level of fitness to perform their job. Typically, this applies to only professional sportspeople, physical training instructors with the defense force and police force, firefighters, and special forces personnel. Key points to notes: Keep receipts for any fitness expenses incurred – gym fees, training […]
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