Every business has a supply chain which is a network between a business and its suppliers to produce and distribute a specific product or service. The entities in the supply chain include producers, vendors, warehouses, transportation companies, distribution centers, and retailers. Keeping the supply chain working smoothly can be a complex task in even the smallest of businesses. […]
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By August, the end of financial year is still very clear in our minds. It’s an extremely stressful time for business owners with so many more financial and compliance tasks to be completed. Chasing debtors and creditors, data entry, bank and loan account reconciliations, payroll finalisation, taxation strategy and planning and let’s not forget the […]
BUSINESS BULLETIN – Winter 2020
The objective of this program is to support small businesses subject to closure or highly impacted by the coronavirus (COVID-19) shutdown restrictions announced by the Queensland Government, to adapt and sustain their operations, and build resilience. The program aims to see small and micro businesses: prepare for the safe resumption of trading in the post […]
The instant asset write-off threshold has been increased from $30,000 to $150,000 and expanded access to include businesses with aggregated annual turnover of less than $500 million (up from $50 million). This applies from 12 March 2020 until 30 June 2020, for new or second‑hand assets first used or installed ready for use in this […]
If you haven’t paid the right amount of super guarantee (SG) to your workers, the SG amnesty is the time to come forward. If you disclose shortfalls during the amnesty, you can rectify past unpaid SG without incurring charges or penalties. The SG amnesty runs until 6th September 2020 however applications are accepted until 11.59pm […]