HECS-HELP Questions Answered

GETTING SET UP AS A SOLE TRADER

GETTING SET UP AS A SOLE TRADER

Are you thinking about becoming self employed?  There is some important information you need know about becoming a Sole Trader. You will need to get an Australian Business Number (ABN)  Having an ABN ensures no withheld payments when you issue an invoice.  Without quoting an A.....

Goods and Service Tax (GST) Explained

Goods and Service Tax (GST) Explained

GST is not a cost.  Goods and service tax, often known as GST, is a tax of 10% on most goods and services sold or consumed in Australia.  At some point in time it's highly likely that your business will be affected by the tax. The law says that you don't need to register for GST until you turnove.....

Explaining the JobKeeper Payment

Explaining the JobKeeper Payment

If your buiness has been significatly impacted by the Coronavirus you will be able to access the JobKeeper subsidy to continue paying your employees.  You will be able to claim a fortnightly payment of $1,500 per eligible employee from 30 March 2020 for a maximum of six months. Businesses with.....

How The COVID-19 Stimulus Package Could Help Your Small Business

How The COVID-19 Stimulus Package Could Help Your Small Business

On the back of the World Health Organisation declaring the coronavirus a pandemic, the government has unveiled a stimulus package to help small and meduim businesses. The package will see the government inject $700 million to increase the instant asset write-off threshold, rising from $30,000 to $1.....

The Australian Defence Force and the Australian Tax System

The Australian Defence Force and the Australian Tax System

There are a number of financial benefits available to ADF personnel when they complete their annual personal tax returns. Defence tax As a member of the Australian Airforce, Army or Navy it is likely that you will acquire some expenses over the course of each year relating to trai.....

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