Are you an IT consultant? Management Consultant? Most “consultants” or contractors face similar issues, PSI, keeping your records in as simple a method as possible, etc. We have a large number of clients who fall in the general classification of consultant and can help you. As we handle many clients in this area we are familiar with the issues you face including the area of PSI (personal services income). Other issues we find are common to this area are:

  • Record keeping, you want a system that is as simple as possible
  • Home office expenses, you want to maximise this area of deductions in many cases
  • Superannuation, if you are not paying yourself super then you are going to be at a disadvantage over someone who works as an employee
  • Business structuring, should you be operating as a sole trader or a company? (or some other structure)

Call the office today to discuss your needs in more detail.

Federal Government Economic Stimulus Update

Additional $130 Billion stimulus package will mean businesses will be paid up to $1,500 a fortnight for each employee, as part of a “Job Keeper payment”. Major Banks have also announced further measures to assist with deferral of loan repayments for loans up to $10 mil. Temporary moratorium on evictions was also announced.

Federal Government Economic Stimulus Update

Further to our previous post, second stage of economic stimulus has been announced on the weekend. Totalling $189 Billion stimulus package aims to support your businesses and employees. Major Banks have also announced measures to assist with deferral of loan repayments.

Federal Government’s economic response to the Coronavirus

In response to the Coronavirus crisis, the Federal Government has outlined new measures in a stimulus package worth nearly $18 billion.

Single touch payroll (STP) will your business be ready on 1 July 2018?

Many busy owners and managers of medium sized businesses have missed this important change to the way you MUST communicate with the ATO. Single Touch Payroll is the next step in ATO payroll reporting. The way you report your employees’ payroll information to the ATO...

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