RISKS AND BENEFITS OF CREATING A JOINT ACCOUNT

RISKS AND BENEFITS OF CREATING A JOINT ACCOUNT

Joint accounts can make it easier to manage shared expenses, but sharing access to your money can be risky. BENEFITS A shared account will make it easier to pay shared expenses which are common in households with two income earners. Having one account rather than two...
Business Costs Assistance Program

Business Costs Assistance Program

The Victorian Government has announced a package to support eligible small businesses, including sole traders, in highly impacted sectors impacted by the circuit breaker action in Victoria to help recover costs incurred as a result of the lockdown. Small businesses in...
CHRISTMAS – EMPLOYEE GIFTS AND PARTIES

CHRISTMAS – EMPLOYEE GIFTS AND PARTIES

As the silly season is upon us once again it is probably appropriate to provide some reminders as to the tax consequences of making gifts to and holding Christmas parties for your employees.

PAYROLL TAX

PAYROLL TAX

The Coronavirus has presented a fast evolving and significant challenge to global health systems and economies. The Government has acted decisively in the national interest to support households and businesses and address the significant economic consequences of the...
SOLE TRADER SUPPORT FUND

SOLE TRADER SUPPORT FUND

The Victorian Government’s Sole Trader Support Fund helps eligible non-employing businesses in sectors that continue to be affected by coronavirus (COVID-19) restrictions. The roadmaps show that many sectors will remain closed, restricted or heavily restricted as...