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Apr 06, 2020 / News

Cash is King – Now more than ever

The expression “Cash is King” has never been more relevant than right now. It is relevant for individuals, households and business. It is relevant across the board. Read more

COVID-19


Apr 03, 2020 / News

COVID-19 Stimulus and Support Measures for NFP’s

We have summarised the COVID-19 related stimulus and support measures that are available for Not-for-Profit (NFP) entities. Read more

COVID-19 / Not for Profit


Apr 03, 2020 / News

Apprentice and trainee subsidy relief

The apprentice and trainee subsidy relief will be provided to small businesses employing fewer than 20 employees who retain an apprentice or trainee. Read more

COVID-19


Apr 03, 2020 / News

SA State Government’s COVID-19 Stimulus Package

A brief summary of the recently announced economic stimulus package announced by the Marshall Liberal Government, to help drive the South Australian economy and secure local jobs. Read more

COVID-19


Mar 31, 2020 / News

Can our Corporate Bookkeepers support your business during COVID-19?

We understand the challenges facing businesses right now and believe our corporate bookkeeping team are well placed to provide vital assistance during this difficult period. Read more

COVID-19


Mar 31, 2020 / News

Mark III: Government to subsidise businesses’ wage costs

The government announced a third round of measures to support businesses affected by COVID-19 to maintain their employees. It’s called the JobKeeper Payment – a direct payment of $1,500 per fortnight, per-eligible-employee, to qualifying businesses and not-for-profits to subsidise the cost of continuing to employ workers. It’s also available for the self-employed. Read more

COVID-19


Mar 25, 2020 / News

Banks announce Small Business Relief Package

Following the RBA's announcement to cut the cash rate to a record 0.25%, and the subsequent announcement to set up a $90 billion term funding facility for banks to use to support SME clients, the Australian Banking Association has announced a small business relief package from Australia’s banks. Read more

COVID-19


Mar 24, 2020 / News

AASB approves removal of Special Purpose Financial Statements

From 1 July 2021, for-profit entities preparing financial statements in accordance with the Corporations Act 2001, other legislation, their constituting documents or other agreements will not be permitted to prepare Special Purpose Financial Statements (“SPFS”). At the same time, the existing Tier 2 Reduced Disclosure Regime (“RDR”) will be replaced by new Tier 2 disclosure requirements. Read more

Audit and Assurance / Education / Not for Profit


Mar 24, 2020 / News

COVID-19 and Safe Harbour Rules for Directors and Business Owners

As a result of the safe harbour rules, a director will not be subject to the insolvent trading laws under the Corporations Act 2001 (and therefore not held personally liable for the debts of the business incurred past a point of potential insolvency) where they are implementing a plan of action to restructure the affairs of the company that complies with the safe harbour rules. Read more

COVID-19


Mar 23, 2020 / News

Government stimulus package Mark II – Big, bold… and concisely summarised

Economists call it “helicopter money” – governments sending money directly to businesses and people to stave off a recession or minimise one. And yesterday’s announcement is a Black Hawk next to Mark I’s gyrocopter. Read more

COVID-19 / Taxation


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