If you’re considering a move into private practice, there are a range of decisions you’ll need to carefully navigate to avoid losing money and finding yourself in trouble with the ATO. Whether it is starting with the right business structure, finding funding to establish your rooms, or protecting your growing wealth, Walshs has years of
Helping to Grow your Business The Queensland Government funded BGF program provides funding for small and medium-sized businesses who experience high-growth to assist with the purchasing of specialised equipment to further growth potential, increase production, and support employee expansion and higher economic returns. Small to medium sized business owners who are financially sound, and can
By Michael Walsh, CEO, Walshs Job losses have been extensive during the COVID-19 pandemic and the JobMaker Hiring Credit will give businesses incentives to take on additional employees aged between 16 and 35 years old. The Federal Government estimates the initiative will support 450,000 jobs. Like JobKeeper, the JobMaker Hiring Credit is a wage subsidy paid
By Michael Walsh The Federal Government has extended the JobKeeper Scheme for eligible businesses and self-employed workers for a further six months to March 2021 (previously due to expire 27 September, 2020). Businesses will need to reassess their eligibility for the JobKeeper 2.0 Scheme, and those eligible will receive a reduced rate of payments for their employees based
By Peter Hodgson of Walsh’s Financial Planning The 2019/20 financial year began with strong momentum across most financial markets. However, as the year progressed, unemployment drifted higher and, coupled with benign inflationary pressures, many countries began to lower interest rates further in response. As the financial year headed towards March, COVID-19 rapidly spread across the
By Michael Walsh, CEO of Walshs As the world struggles with many changes brought about by COVID-19, there are a number of measures business owners should be considering as they plan their 2019-2020 tax requirements. Income deferral and expense acceleration If you think your income for the next financial year may be lower than your
By Michael Walsh, CEO of Walshs The Federal Government announced on 30 March, 2020, that it will introduce a business support package to help employers continue to employ their staff where the business has been affected by Coronavirus. The JobKeeper payment is designed to keep those currently employed in their jobs and legislation to approve it will
The impact of the Government’s Coronavirus Stimulus Packages on businesses and the broader community
By Michael Walsh, CEO of Walshs Chartered Accountants and Financial Advisors The Coronavirus Stimulus Packages announced over the past week by Federal and State governments and the Australian Banking Association have major implications for small and medium businesses. Key items of interest for our clients are: BANK LOANS Bank loan repayments: The Australian Banking Association
By Michael Walsh, CEO, Walshs The Coronavirus Stimulus Package, announced by Prime Minister Scott Morrison, has major implications for small and medium businesses. While the $750 payments to pensioners and people getting Newstart, Carer’s Allowance and Family Tax Benefits should flow through to the business community, it is the supercharging of the instant asset write-off,
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