DFK Crosbie Blog
It is a tall order to ask for a business owner to manage everything alone, much less lead their business into a success. This is why many successful businesses are born from partnerships.
Partnerships can be advantageous to business owners looking to balance their complementary talents and personalities. Sharing the experience of running... more
Times are tough for small businesses. The Coronavirus SME Guarantee Scheme was announced to provide eligible small and medium-sized businesses with a crucial financial boost to help them get through the impact of the Coronavirus.
What is the SME Guarantee Scheme?more
With businesses being effected by COVID and cashflow tight, the last thing needed is a penalty payment from the ATO for not paying taxes on time.
As an option businesses who cannot pay their taxes on time can set up an agreed payment plan with the ATO to avoid late payment penalties. This is especially useful for businesses during... more
The government made a determination just before the end of the financial year that permits companies to hold annual general meetings by electronic format. Also, companies may execute a document, without using a common seal, by electronic communication. The determination is to be repealed on 6 November 2020.
The Government is extending the JobKeeper Payment by a further six months to March 2021.
The JobKeeper Payment, which was originally due to run until 27 September 2020, will now continue to be available to eligible businesses (including the self-employed) and not-for-profits until 28 March 2021.
PAYG instalments is a system that helps you manage your expected tax liability on income from your business or investments for the current income year by making smaller regular payments.
To assist taxpayers experiencing financial difficulty as a result of COVID-19, the ATO is providing added flexibility to manage your instalments to suit... more
Think your business is too small or that your data and information isn’t important enough to be targeted by hackers? Think again.
Much of our communication, be it personal or businesses-related, has increasingly moved online in the last two decades, and continues to do so, especially in these recent times of COVID-19 with nearly... more
Despite the current COVID-19 world in which we live, the procedures for completing and lodging tax returns remains pretty much the same.
So, before we sit down with you (in person or virtually) to go over your tax return, certain information will be needed. Of course these days pre-filling takes care of a lot of the “paperwork”,... more
So what happens from a tax point of view when a person leaves Australia part-way through the income year? How is the income they derived before that time taxed? And how is any income they derived after that time taxed (whether from Australian or foreign sources)?
Well, the answer will primarily depend on whether the person ceases to be... more