Chartered Accountants
Following the worsening economic situation since the Federal Government’s initial announcement of measures to assist the economy on 12 March, below is summary of additional measures that have been announced today. We are yet to see the legislation to enact these measures, however the Treasury has provided some detail of the announcement on their website […]
Last night Treasurer Josh Frydenberg delivered the first budget of the Morrison Government. As expected, it was compete with good news and promises for voters in the hope that the Government can get a large enough bump in the polls to be reelected in May. Given this political backdrop, and the polling to date (as […]
This morning Google announced that they were changing some of their advertising terms and conditions. The most important part of the announcement is that goods and services tax (GST) will be charged on Google AdWords spends from 1 November 2016. As a technicality, Google are assigning Australian based advertising contracts to Google Australia Pty Ltd, […]
Last night the Treasurer delivered his first budget, which lays the way for a Federal Election on 2 July. This year we have split our Federal Budget update into two parts. This second part contains announcements relevant to businesses and business owners. You can read part one with announcements relevant to individuals and families here. […]
While not a new feature addition to Xero, we haven’t written about it, and as data security is very important to us, thought it prudent to share. A few months ago Xero enabled users to sign in using two factor authentication. For those not familiar with the term, two factor authentication adds an additional layer […]
For those of you out there thinking about using Xero to maintain your financial affairs, have yourself an early Christmas! Until 24 December, we have a special promo code to offer Cake Accounting clients 25% off the regular price of a Xero subscription for twelve months. That is a saving of $150 if you sign […]
This is part two of our series covering business structures. Part one covers individuals and partnerships and this part considers companies and trusts. While the usual requirements when carrying on a business are constant, each of these structure have different characteristics and taxation treatment. It can be costly to change business structures, so it is […]
This is part one of a two part series on structuring a business in Australia. When carrying on a business, there are generally four structures that can be chosen: An Individual (Sole Trader) A Partnership A Company A Trust This part will cover individuals and partnerships and part two will cover companies and trusts. While […]
Last night Joe Hockey delivered the Abbott Government’s second budget. As there is no shortage of commentary on the politics of the budget, we have focused on taxation and related changes within the budget and their impact of this budget on small businesses, individuals and families. There are other announcements, including some that will impact […]