The Accounting Division Blog
Last chance to claim the loss carry back
Eligible businesses will have one last chance in their 2021-22 tax return to claim the loss carry back, which provides a refundable tax offset to
State governments’ further COVID-19 support
With the ongoing nature of the COVID-19 pandemic continuing to affect the economy along with the effect of border closures, it is no surprise that
Are you declaring your “odd jobs” income from gig economy sites?
“Gig economy” platforms like Airtasker are allowing Australians to earn some extra cash by completing a huge range of odd jobs – from gardening to
Travel allowances or LAFHA: Which applies to you?
Travel Allowance or living-away-from-home allowance (LAFHA)? Understanding the difference between these two allowances can be difficult, particularly when there is the perception of an overlap.
Temporary full expensing of assets extended
The temporary full expensing of depreciating assets has been extended for another year until 30 June 2023. The measure was originally introduced in 2020 as
Be careful when changing business structures
While some sectors of the economy is suffering, others are booming, if you’re lucky enough to have a small business in a rapidly growing sector,
Starting a new business
Starting a new business is an exciting time for the soon-to-be business owners! They’re full of great ideas, positivity and endless amounts of passion –
Reform of the ABN system
The ABN system was originally introduced as a simple way to provide businesses with unique identifier when dealing with the government. It has since become
2020-21 Victorian Budget: what’s in it for me?
The Victorian Treasurer has handed down the 2020-21 State Budget in challenging economic conditions. The government projects net debt will reach $87bn this year and
Small Business Benchmarks
Starting a business is hard work. It starts much earlier than your first day of trading. Lots of planning, building and training goes in to
