NSW Government Grants. We have compiled a list of grants for business owners in NSW.
NSW Stimulus Package – Government Stimulus Response to COVID for NSW
The Government has responded to the latest COVID 19 lockdown and restrictions in NSW. A stimulus package to keep businesses doing business and people in jobs.
Income Tax Brackets 2021
Over the years we have seen many changes to the income tax brackets. Your taxable income is used to determine which tax bracket you fall into and therefore which tax rate you are required to pay.
What is Capital Gains Tax? How do you calculate Capital Gains Tax?
There is a simple solution to the question “how to calculate Capital Gains Tax (CGT)”. Give it to Bishop Collins Accountants to do!
Ok, if you really want to know, here we go. Remember you asked for it! When you sell a capital asset, such as real estate or shares, you usually make a capital gain or a capital loss. This is the difference between what it cost you to acquire the asset and what you receive when you dispose of it.
How to Figure Out Payroll Tax, Tax Deductions Related to Payroll & Deductions from Employees Pay
Payroll, in terms of taxation, can mean many different things.
We’re often asked questions that have various meanings, depending on the person’s level of experience asking.
Are you eligible for Research & Development tax incentives?
Do you have a great idea and need support to commercialise it?
The Federal Government provides a refundable tax offset as an incentive to encourage Australian business to engage in Research & Development activities (R&D) which benefit Australia.
Fraud Risks – An auditors response to fraud in financial reporting
Fraud is a broad legal concept; the auditor is concerned with fraud that causes a material misstatement in the financial report. An auditor can give an independent analysis to detect fraud in financial reporting.
How Does Superannuation Work?
Before we can understand how superannuation works, we need to understand what a superannuation fund is and why we have it
Small Business Tax Audit Triggers
As the pandemic and associated stimulus now subside, the Government, via the ATO, will be making it a priority to increase revenue collections and reduce the debt on the ATO’s books. This will likely include more tax audits on businesses raising red flags.
Benefits of a Corporate Trustee for a SMSF?
If the trustee of a self-managed super fund (SMSF) is a company, it is known as a corporate trustee.
Despite the overall benefits of having a corporate trustee, the ATO have revealed statistics showing the majority of SMSF’s have individual trustees