Category: News

As the economy and financial markets continue to evolve, asset protection has become a crucial component of safeguarding the growth of your business and personal wealth. Asset protection is the practice of safeguarding one’s wealth from potential risks, such as family disputes, lawsuits, bankruptcy, or creditor claims Insurance One of the most basic forms of asset protection is insurance. This can include homeowner’s insurance, auto insurance, liability insurance, and more. Insurance policies can help protect you from financial loss due to accidents, theft, natural disasters, and other unforeseen events. It’s essential to review your insurance policies regularly to ensure you …

If you’re an Australian business owner, you may have heard about the Fringe Benefits Tax (FBT). This tax is levied on non-cash benefits provided to employees in addition to their salary or wages. But what exactly is the FBT, and how does it work? In this blog post, we’ll take a closer look at the Australian Fringe Benefits Tax and what it means for businesses. What is the Fringe Benefits Tax? The Fringe Benefits Tax is a tax levied by the Australian Taxation Office (ATO) on non-cash benefits provided to employees by their employers. These benefits are known as fringe …

The Australian Personal Property Security Register (PPSR) is an online national register where businesses, individuals and organizations can register their security interests in personal property. The PPSR is operated by the Australian government and provides a platform for businesses to protect their financial interests and assets. The register was introduced in January 2012 as part of the Personal Property Securities Act 2009 (Cth). The purpose of the PPSR is to provide a centralized register for security interests in personal property, such as cars, boats, machinery, and other assets. It is designed to provide certainty and transparency for secured parties, buyers …

As an entrepreneur, you know that funding can be a critical component in starting, growing, and sustaining a successful business. But with so many grants, loans, and other funding options available, it can be challenging to know where to start your search. Fortunately, the Australian Government has created a helpful resource that can simplify the process: business.gov.au’s grants finder. What is business.gov.au’s grants finder? Business.gov.au is a comprehensive online resource that provides information and guidance for Australian businesses. One of its most useful tools is the grants finder, which allows entrepreneurs to search for available grants based on their business …

Benefits provided to employees or their associates in addition to salary or wages are known as fringe benefits. These benefits are paid for by the employer from pre-tax earnings, making the provision of benefits attractive to employees as it may reduce their taxable income while receiving payment in other forms. Fringe benefits tax (FBT) may apply based on the type of benefit provided. Tax is payable because the benefits are a different form of payment by an employer instead of salary and wages. The tax is calculated on the taxable value of the benefit, which reflects the grossed-up salary the …

The Australian Government is offering Small to Medium businesses the opportunity to apply for The Energy Efficiency Grant Round 1.  This grant will support businesses to replace or upgrade equipment to improve energy efficiency.  Not only will these upgrades reduce energy usage and cost it will also contribute to the Australian target of 43% energy reduction on 2005 emission levels by 2030. The objectives of the program are to: improve energy efficiency practices and increase the uptake of energy efficient technologies assist small and medium businesses to manage their energy usage and costs reduce greenhouse gas emissions. The intended outcomes …

The NSW Government and TAFE NSW are offering women who are looking to establish a micro business, small business or are already running a business a fully subsidised online program. The Women in Business Program has a flexible design allowing you to choose exactly what you want to learn.  Online access is available 24hrs a day 7 days a week.  You will have the opportunity to hear from Australia’s leading female entrepreneurs. attend NSW small business events and allow you access to resources and services for all stages of growth within your business. Eligibility criteria: Be aged 18yrs or over …

Treasurer Jim Chalmers caps super tax breaks for accounts with more than $3 million By Political correspondent Brett Worthington – ABC News (John Apolloni comments are in italics) Treasurer Jim Chalmers will double the tax rates paid by Australians with superannuation account balances worth more than $3 million, in a move he says is about budget sustainability and equity. Key points: The super tax break changes will not take effect until after the next election.  They will see the tax on earnings increase from 15 to 30 per cent on accounts with more than $3 million The 30% will apply …

The NSW Government has a range of economic stimulus packages available that could help boost your cashflow this year. Stimulus Packages available are: Premier’s Back to School NSW Vouchers Be part of the Back to School program – accept vouchers on eligible items including uniforms, stationery, shoes, and technology. Register now Seniors Card Promote your business to 1.9 million seniors by offering discounts on products and services. Register now Active Kids Vouchers For businesses that run sport programs during school term or holidays, join to accept vouchers. Register now Creative Kids Vouchers If your business delivers creative programs for kids. Register now First …