Bosco News

In addition to existing business assistance measures the Federal Government has now announced a substantive wage subsidy scheme to help keep people employed through this difficult period. It’s called JobKeeper Payment.

When starting up a new business whether you are a sole trader, partnership or company the first thing you need to do is apply for an Australian Business Number (ABN) to ensure all income and expenses are correctly reported.

Working out motor vehicle expenses for your business can be tricky. When claiming a deduction for motor vehicle expenses, you can only claim for expenses that are part of the everyday running of your business… depending on the type of vehicle you drive and your business structure will determine your obligations and the deductions you can claim.

If you run a small business then understanding input tax credits is important. An input tax credit is also known as a GST credit, basically, it’s a credit you can claim for the amount of GST included in the price of goods or services you buy to use in your business.

Is your business Single Touch Payroll ready? As of 1 July this year, employers with any number of staff will need to report payments such as wages, PAYG withholding and super information electronically to the ATO.

Australians have embraced the move towards a cashless society which has lead to the introduction of multiple methods to pay for our purchases from the humble EFTPOS card to payWave and innovative mobile phone payment solutions. So what payment solutions should you offer your customers and how do you integrate the solutions?

What is Self-Managed Superannuation? A SMSF is a vehicle for retirement saving. It allows you flexibility and control over what your super invests in. That’s important as it’s the reason many people choose to have one instead of using a large superannuation fund. This type of super fund is run by you personally for your own benefit.