Planning for the Year Ahead: Essential Tips for Businesses As we approach the new financial year, it's crucial for businesses to start planning for their tax obligations. Effective tax planning can help you maximize your cash flow, minimize your tax liabilities, and ensure compliance with the Australian Taxation Office (ATO) regulations. Here are some essential [...]
Planning for the Worst: Succession Planning and Family Health Contingencies Running a family-owned business is a rewarding experience, but it also comes with unique challenges. One of the most critical aspects of ensuring the continuity and success of your business is planning for the worst. This includes having a robust succession plan and putting measures [...]
In the ever-evolving business landscape of New South Wales, adapting to changes in your business structure or activities is crucial. Whether you’re expanding, pivoting, or restructuring, one critical step is to update your industry classification with iCare (Insurance and Care NSW). Failure to do so can lead to substantial overpayment on your workers' compensation premiums. [...]
Small businesses and not-for-profit organisations directly impacted by the NSW storms and floods from 10 March 2021 onwards can apply for a Flood Disaster Recovery Grant of up to $50,000 from the NSW Government. This grant can be used for help with paying costs associated with flood clean up and getting your business back up [...]
NSW Government has released a $1,500 rebate on fees and charges for small businesses. Funds can be used to offset the costs of eligible NSW and local government fees and charges paid after 1 March 2021. These include, but are not limited to: Food authority licences Liquor licences Tradesperson licences Event fees Outdoor seating [...]
