Tax & Business Advice Archives

What you need to know about applying for a director ID before the 30 November 2022 deadline.

02/11/2022 by Sinclair Wilson in General News, News, Regulatory, Tax & Business Advice

Australian Company Directors are required by law to verify their identity with the Australian Business Registry Service and obtain a Director ID. ASIC is responsible for enforcing director ID offences. It is a criminal offence if directors do not apply on time and significant penalties may apply. When do I need to apply for a...

Circuit breaker grants announced for Victoria

Circuit-breaker support package – Warrnambool business experts explain

31/05/2021 by Sinclair Wilson in COVID-19, Tax & Business Advice

The Victorian Government yesterday announced a $250m support package as a result of the circuit breaker lockdown announced on 27 May 2021. Details as of today (31 May) are still light-on, and you won’t be able to apply until later this week. But what we already know about it is as follows: The Package includes...

2021-2022 Federal Budget Summary for Personal Income tax changes

Individuals and the 2021-2022 Federal budget – Mt Gambier Accountants explain

12/05/2021 by Kane Grant in General News, Tax & Business Advice

Personal income tax changes are on the cards following the Federal Budget announced last night, on 11 May 2021. If and how these changes might impact someone living in Hamilton, Warrnambool, Colac, Camperdown or Mount Gambier will always depend on personal circumstances. We have provided a basic outline below to help you understand and plan...

Camperdown Farm Safety Rebate Scheme now open

Farm business specialists encourage Camperdown farmers to apply for the new Farm Safety Rebate Scheme

22/03/2021 by David Maher in General News, Tax & Business Advice

A Victorian Government rebate of up to $5000 is currently available for eligible farm businesses to invest in safety improvements on and around their enterprise. Provided via Agriculture Victoria’s Farm Safety Rebate Scheme, the rebate is available provided the eligible farm business in Camperdown, Hamilton, Warrnambool or Colac makes a 50% cash co-contribution to the...

Warrnambool Accountants explain the steps for businesses to apply for JobKeeper

14/04/2020 by Sinclair Wilson in COVID-19, News, Tax & Business Advice

The ATO has this afternoon issued instructions outlining how businesses can enrol for the JobKeeper payment (keeping in mind they cannot enrol with the ATO until 20 April 2020.) A business or a registered tax professional can enrol for the JobKeeper payment via the following steps: Step 1 – Contact your Accountant so you can...

5 tips to safeguard the cash flow of your Mount Gambier business

28/08/2019 by James Castley in News, Tax & Business Advice

MOUNT GAMBIER SMALL and MEDIUM BUSINESS OWNERS – hands up if cash flow is something that keeps you awake at night? Yes? You’re not alone. Global research shows that as much as 80% of small and medium business owners have sleepless nights pondering cash flow issues. That’s because cash flow – the stream of money...

Considering starting your own business? Read this first

Considering starting a new Warrnambool business? Read this first

20/08/2019 by Leigh Marris in Tax & Business Advice

Starting a new business in a busy, growing area like Warrnambool – it’s an exciting prospect; you can be your own boss… shape your own destiny… have your own ‘skin’ in the operation, so to speak. But there is a lot more to think about and organise – and some of it (okay… a lot...

Changes to Reckon software support and what they mean for your business

20/08/2019 by Mathew Howlett in General News, News, Tax & Business Advice

It seems like things were so much simpler back in the naughties: You had your home phone and you dialed it in to get Internet (or, if you were really lucky, you plugged both into an ADSL filter box and you could have both running at the same time!) Your mobile phone was only used...

Tax asset write off for Colac business. Sinclair Wilson can help.

How the tax man can help your Colac business to purchase new equipment

21/05/2019 by Andrew Morris in Finance, Mortgage Broking, News, Tax & Business Advice

The financial year, that is. And as it approaches, so too does the window to purchase new equipment or update a vehicle for your Colac business. Last year, the Federal Government introduced legislation that extended and boosted its small business instant asset tax write-off. This means that if your Colac business is eligible (speak to...

Is your Warrnambool business ready for Single Touch Payroll?

How Sinclair Wilson can help your Colac business with Single Touch Payroll

08/05/2019 by Sinclair Wilson in General News, News, Tax & Business Advice

Laws passed in March this year mean that from the start of the 2019/2020 Financial Year, any Colac business that employs staff will be required to use Single Touch Payroll to ensure the information about what they are paying their employees is fed directly to the Australian Tax Office. This is one more way the...

Tax & Business Advice

What you need to know about applying for a director ID before the 30 November 2022 deadline.

Circuit-breaker support package – Warrnambool business experts explain

Individuals and the 2021-2022 Federal budget – Mt Gambier Accountants explain

Farm business specialists encourage Camperdown farmers to apply for the new Farm Safety Rebate Scheme

Warrnambool Accountants explain the steps for businesses to apply for JobKeeper

5 tips to safeguard the cash flow of your Mount Gambier business

Considering starting a new Warrnambool business? Read this first

Changes to Reckon software support and what they mean for your business

How the tax man can help your Colac business to purchase new equipment

How Sinclair Wilson can help your Colac business with Single Touch Payroll

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