Super guarantee amnesty: Now is the time to get payroll right The superannuation guarantee (SG) amnesty provides employers with a one-off opportunity to “self-correct.” Now is the time to ensure that your payroll is correct and there are no hidden SG issues looming. The amnesty applies from 24 May 2018 (the date of the original announcement) until six-months (deadline to 7 September 2020). Employers will have this period to voluntarily… Read more
The First Stimulus Package: The Government has announced a $17.6 billion investment package to support the economy as we brace for the impact of the coronavirus. The four-part package focuses on business investment, sustaining employers and driving cash into the economy. In Summary Business Business investment Increase and extension of the instant asset write-off Accelerated depreciation deductions Cash flow assistance for small and medium-sized business Tax-free payments up to $25,000… Read more
JT&P is pleased to announce Clunie Palliser as the first recipient of the Jeffrey O Thomas Internship, in cooperation with Carey Baptist Grammar School. The connection with Carey is that our founding Managing Partner, Jeff Thomas attended the school from 1960 – 1966, was President of the Old Carey Grammarians Association, Chairman of the School Board, and is an Honorary Life Member of the School. The Carey quadrangle is named… Read more
When you run a small business, every cent counts. It can be difficult to spend money on anything you don’t consider vital. Hiring a lawyer during key times in your small business might seem like an unnecessary expense, but the money you spend now on a business lawyer could save you time, money, and energy in the long run and could protect your business. When it comes to your small… Read more
Ideally, you and your accountant are more than just “adviser” and “client”. With your combined skills, expertise, and shared mission to support a thriving business, you’re more like strategic partners. The key to achieving success in any partnership is, of course, strong communication. At your next meeting, be sure to ask your accountant these four important questions. 1. What’s my best strategy for increasing revenue? Every business owner strives to… Read more
Business owners fall into two categories: those who love business travel and those who hate it. The love/hate dynamic may depend on how much you travel for work, but even if you love business travel there are stressful aspects to being out of town. Although we can’t guarantee that our travel tips will ensure a completely stress-free experience, here are four ways to lessen your hassle. If you’re someone who… Read more
If you’re like most freelancers, knowing how to price your services can be a real struggle. Charging an hourly rate can feel less scary than asking for a higher priced fixed rate package because you know you’ll be compensated for every hour you spend on a project. But there are drawbacks to trading time for money – not the least of which is that it limits your earning potential. Read… Read more
Finding the right bank to serve your small business needs can be a daunting task. With so many competing financial institutions to choose from, business owners simply don’t have the time for the in-depth research required to carefully weigh all the options. This guide to choosing a small business bank will help you narrow down your choices so you find the best fit for you. Small, medium, or large? You… Read more