ALLIANCE ACCOUNTING ARTICLES

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WANT MORE $ IN YOUR POCKET? CLAIM YOUR SHARE & PROPERTY EXPENSES

Winning the money game is all about keeping more cash in your own pocket as opposed to fattening up someone else’s. And that simple strategy applies to everybody – personal, business owners and investors alike.

IT DOESN’T HAVE TO BE DIRTY WORD: CAPITAL GAINS TAX. WHAT IS CGT ANYWAY?

Capital Gains Tax (aka. CGT) is like a dirty word for most Australian investors, and when spoken of it’s often with a tinge of abhorrence, if not worse. Even everyday people who aren’t investors themselves seem to know it’s not a good thing.

ACCESSING YOUR SUPER EARLY DURING COVID-19

If you plan to access your super for COVID-19 early release, or you have questions regarding the requirements you need to prepare to access it, below is some helpful information on how you can go about this process.

KEY LODGEMENT DUE DATES FOR FINANCIAL YEAR 2020-2021

To help you keep on top of your lodgements, we’ve put together this chart containing key lodgement due dates for the 2020-21 financial year.

Please note that this is designed to serve as a general guide, so potential changes are possible. Due dates that fall on a Saturday, Sunday, or public holiday can be lodged or paid on the next business day.

IS THE JOBSEEKER PAYMENT TAXABLE?

If you are looking to apply for JobSeeker and are wondering whether it is taxable, here’s some information to guide you.

NEW JOBKEEPER EXTENSTION

The original JobKeeper Payment scheme (the Scheme) was announced on 30 March 2020 by the Prime Minister and the Treasurer. The purpose of the Scheme is to keep people employed even though the business they work for has suffered a downturn including a ‘hibernation’ or close down for a temporary period.

COVID GRANTS FOR SMALL BUSINESSES IN NSW

Many small business owners in New South Wales, Australia are struggling to keep their business afloat amidst the COVID-19 pandemic. This is an uncertain time. However, there are government grants and loans they can take advantage of. Below is a detailed list.

WHEN SHOULD YOU HIRE AN ACCOUNTANT FOR SMALL BUSINESS?

One pattern observed among small business owners is that they usually try to DIY most tasks, especially at the beginning of their business, mostly in the name of economy.