What is it? The R&D Tax Incentive is a self-assessment program designed to encourage companies to conduct research and development. The program provides a tax incentive for companies to conduct experimental activities, in a scientific way, for the purpose of generating new knowledge. This is a broad-based, market-driven program that aims to boost company competitiveness,…
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According to the government, the $17.6 billion package is focused on keeping small businesses afloat, and their employees in work, and will be targeted to support the most affected sectors and communities. How the Stimulus package helps Small Business? 1. Business Investment support Who is eligible? Small and medium-sized business with a turnover of under…
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With the recent acquisition of Hubdoc by Xero, they now provide free Hubdoc accounts to business edition Xero users. Xero users will be able to make use of all of Hubdocs receipt management and expense allocation features. Get to know Hubdoc: What is Hubdoc? How is works How to integrate it with Xero & your…
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If you are like me, you have been neglecting one of the most important parts of building a strong social media presence: Diversity. If you are not spreading content through multiple social media platforms, then you are not taking full advantage of the opportunities social media has to offer. One social media platform that has been put…
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Let’s get started… Single Touch Payroll, or STP, is a new process of reporting salaries & wages, PAYG withholding and superannuation information to the ATO. Single Touch Payroll will streamline the process of reporting to the ATO by being able to submit payroll information upon completion. Employers are required to report the PAYG and super…
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Part 2 – Real World Application In part one we covered the political environment surrounding the banking system now and how this is affecting the banks internal systems and processes. In part 2 we will give you a client’s application start to finish and the problems the new systems have created. Let’s break down an…
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Business borrowing in the new climate, – what’s changing? Where is it heading? Part 1 of 3 This article will be the first in a 3-part series talking about the monumental shift in the borrowing conditions facing Australian business today. We will answer questions such as, In the wake of the banking royal commission how…
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The Company At Tax4u we work with a number of photographers/designers/artists/stylists/creative directors’. The common traits we see in these businesses, is irregularity of income from year to year, lack of accounting skills from the person who is processing the accounting software spanning from the owner trying to take on as many hats as possible. We…
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Tax accountants needed by humans at many times during their lifespan. The rise in hiring of business tax accountants has observed over the past few years since the business owners have realized the many benefits channeled into the company by tax accountants. If you want to prevent any legal liability regarding filing and returning of…
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The hiring of business accountants through accounting firms Melbourne can be a tough nut to crack because of business owner’s inexperience in the field. A business owner who is willing to hire small accounting firms Melbourne means that he is very likely to be unaware of the necessary knowledge and guidelines which need to follow…
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