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We've come across many people over the years who aren't sure of invoicing requirements. Let's give you a brief run down of what's needed on Australian invoices
Communication during lockdowns is vital - while most clients know email works well to send through work to do or queries, new clients might not know the best way to contact us...
As a follow up to our FBT 2020 post, this post goes into more detail around meal entertainment and how in-depth fringe benefits tax requires businesses, and agents to go in determining how fringe benefits tax may apply.
Each industry has its own items that may be deductible for income tax purposes. Have a look at the various cheat sheets that may be useful in preparing your personal income tax returns.
The Queensland Government is extending the Small Business COVID-19 Adaption Grant Program. As part of Stage 2 of Queensland's Economic Recovery Strategy - Unite and Recover for Queensland Jobs, up to $100 million is being made available to deliver a second round of grants, with half of this funding specifically earmarked for regional small businesses located outside of South East Queensland. Round 2 will open on 1 July 2020.
The $150,000 instant asset write-off has been extended to 31 December 2020
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Have a cuppa while you read it. :]
