Entries by harvest-staff admin

Interested in Office Space that comes with Business Opportunities?

We are a thriving accounting firm based in Sylvania Waters with office space available for 1 – 3 people. It would be great to share space with a like minded professional services firm that values relationships and is looking for a possible referral partner. The space includes:Modern premisesLots of parkingAccess to boardroom and reception facilitiesFlexible arrangementsLockable […]

Claim a $1,500 rebate for your business NOW!

As part of the COVID recovery program, The Small Business Fees and Charges Rebate can help you with the cost of state and local government fees and charges you’ve incurred since 1 March 2021. The rebate helps businesses recover from the impact of COVID-19 and encourages growth by reducing the cost of running a business. Eligible […]

JobMaker Hiring Credit Scheme

The JobMaker Hiring Credit scheme is an incentive for businesses to employ additional young job seekers between 16 and 35 years of age. Eligible employers can access the JobMaker Hiring Credit for each eligible additional employee hired between 7 October 2020 and 6 October 2021. The first JobMaker period is 7 October 2020 to 6 […]

Professional Service Firms

In March 2021, the ATO released PCG 2021/D2 – its draft guidance on the taxation of profits in professional services firms. The draft guidelines will apply from 1 July 2021 and professional services including accountants, lawyers, architects, engineers, financial service providers, medical practitioners, among others, will all be affected.  The ATO is specifically concerned with professional practices […]

NSW Budget 2020-21

Tax HighlightsThe 2020-2021 Budget was described as responding to the urgent needs of NSW now, whilst also looking beyond the current crisis and into the future. The key factors for NSW businesses are as follows: Changes to payroll tax rates and thresholds $1,500 digital voucher Commercial rent relief Jobs Plus program Tax reforms Payroll tax […]

Tax deductions for investing in your business

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 […]