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The 2021 Hunter Innovation Festival is back with a bang!

Proud Sponsors of the 2021 Hunter Innovation Festival

Emma Zajac
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The 2021 Hunter Innovation Festival is back with a BANG! The Garis Group are proudly sponsoring the 2021 Hunter Innovation Festival brought to you by Hunter iF, and Festival Partner 2021, the City of Newcastle. Kicking off on Monday 3rd of May, until Sunday the 16th, with this year’s festival theme being ‘Innovate to Regenerate.’…
‘Increase the rate, broaden the base’: Looking at GST 20 years on

Looking at GST 20 years on: ‘Increase the rate, broaden the base’

Emma Zajac
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Consumption tax should be raised to 20 per cent or broadened to cover a wider base, says tax experts as debate over the GST rages on. At a tax reform conference hosted by the Blueprint Institute in Sydney on Monday, a panel of tax experts each had varying suggestions to government on the ways the…
The ATO has clarified the tax treatment of JobKeeper payments handed back to the Government.

Tax Treatment of JobKeeper Payments Handed Back to ATO

Emma Zajac
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The ATO has clarified the tax treatment of JobKeeper payments handed back to the Government. The clarification comes after the Super Retail Group, Dominos Pizza and Toyota collectively returned more than $20 million in JobKeeper payments after reporting exceptional trading results. Where a business has handed back JobKeeper despite qualifying for the payments, the ATO…
The Final Stage of JobKeeper and How to Access It

The Final Stage of JobKeeper & How to Access It

Emma Zajac
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The impact of COVID-19 has been felt very differently from region to region. Fortunes vary wildly between business operators subject to ongoing lockdowns and trading impediments to those benefiting from the “new normal”. For those severely impacted by COVID-19, JobKeeper might be available. The third and final phase of JobKeeper started on 4 January and…
ATO reveals STP reporting options for closely held payees

ATO Reveals STP Reporting Options for Closely Held Payees

Emma Zajac
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Employers with closely held payees will now have three options to report payments through Single Touch Payroll, following guidance from the ATO. The ATO has confirmed that STP reporting for closely held payees will commence from 1 July, after it had granted these employers a one-year exemption in the midst of the pandemic last year.…
NSW Government Announce New Grants Post Lockdown

NSW, WA Governments Announce New Grants Post-Lockdown

Emma Zajac
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The New South Wales and Western Australia state governments have now announced new grants for small businesses affected by snap COVID-19 lockdowns. In NSW, the new $3,000 and $5,000 hardship grants will be available to small businesses in Sydney’s Northern Beaches that were affected by COVID-19 restrictions over Christmas last year. WA small businesses will…
NSW Government Dine & Discover Vouchers

Christmas Comes Early for NSW Hospitality, Tourism & Art Industries

Emma Zajac
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What a year! I think I can speak on behalf of, well, everyone, when I say that Christmas is upon us and I couldn’t be happier to close the chapter that is the year 2020. It’s the time of year where most businesses are winding down and planning for a little R & R, however…
Small Retail Business Owner in VIC

Victoria Launches Small Business Digital Rebate

Emma Zajac
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Victorian businesses will now have access to a $1,200 rebate to put towards adopting new digital products, including cloud accounting tools, to assist them in their COVID-19 recovery. Victoria’s Small Business Digital Adaptation Program is now open for registrations until 28 February 2021. The program, part of the state government’s $3 billion Business Resilience Package,…
Small-business coronavirus grants set to be income tax-free under new bill

Small Business Coronavirus Grants Set to be Income Tax-Free under New Bill

Emma Zajac
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A new bill that ensures state and territory grants issued in response to the coronavirus pandemic are not subject to income tax has now been introduced. Treasury Laws Amendment (2020 Measures No. 5) Bill 2020 has now been introduced in Parliament, following the government’s announcement that small and medium business grants announced on or after…
Man working in cafe and wondering about Tax Deductions For Investing In Your Business

Tax Deductions for Investing in Your Business

Emma Zajac
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Stimulating investment is high on the Government’s agenda. To encourage spending, the 2020-21 Budget introduced a measure that allows businesses with turnover under $5bn* to immediately deduct the cost of new depreciable assets and the cost of improvements to existing assets in the first year of use. This means that an asset’s cost will be…
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