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Author: Jhco Admin

This article was provided from Knowledge Shop. Knowledge Shop® has been helping accountants do what they need to do (and a bit more) since 2000. A subsidiary of ASX listed Easton Investments, Knowledge Shop® was born out of the frustration experienced by a profession trying to keep on top of an increasingly complex tax, super and regulatory environment.

The Super Guarantee timing trap for employers

Employers can generally only claim a deduction for superannuation contributions in the income year in which the contribution is made. Super contributions are made when the payments are received by the trustee of a complying superannuation fund.  It’s not uncommon for employers to be caught out by timing problems, many in the belief that the contribution has…

December 3, 2019 by Jhco Admin Conflict management
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Bushfire relief from ATO obligations

The ATO has provided relief from lodgement compliance and payment obligations for those impacted by the bushfires. An automatic two month deferral for activity statements lodgements and payments due has been provided to those in affected postcodes. Taxpayers can also call the ATO directly to request further assistance, such as requesting extra time to manage tax…

December 3, 2019 by Jhco Admin Conflict management
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5 things that will make or break your business’s Christmas

1. Ho, Ho, No. The trading stock headache. If business activity spikes over the Christmas period and you sell goods, then there is a temptation to increase stock levels. That makes sense as long as you don’t go too far. Too much stock post the Christmas period and you will either be carrying product that…

December 3, 2019 by Jhco Admin Conflict management
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Australia embraces Black Friday and Cyber Monday

For many Australians, Black Friday is just confusing – shouldn’t Black Friday’ be on Friday 13th? In the US, the Black Friday sales follow Thanksgiving in a similar way to the Australian Boxing Day sales. The Black Friday sales also lay a clear runway to Christmas, stimulating consumer spending. The story behind the name Black…

December 3, 2019 by Jhco Admin Conflict management
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On-Farm Emergency Water Infrastructure Rebate Scheme

A grant of up to $5,000 GST exclusive, per eligible farming business is available to assist the implementation of on-farm infrastructure improvements, and/or undertake business planning or advice activities. It is available to eligible farming business in the following areas; Wellington and East Gippsland Eligible farm businesses located in Wellington Shire and East Gippsland Shire.…

November 29, 2019 by Jhco Admin Conflict management
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