Workers to keep $1,080 tax rebate for another year.
The AFR has reported that the govenment plans to extend the Low and Middle Income Tax Offset (LMITO) when the federal budget is handed down in two weeks time.
The LMITO provides a tax rebate of up to $1,080 for singles and $2,160 for dual-income couples depending on their income. It was initially introduced as a temporary measure, implemented as part of the Morrison Government’s Stage 1 tax cuts.
However with the economic pressure of COVID-19, the government will extend the offset in an effort to create tax refunds and stimulate spending. The budget cost of the extended rebate is around $7 billion.
Funding is essential for hitting your business goals – but do you know which routes to finance are the best for your company? We’ve got the lowdown on funding.
For companies of a certain size, a regular audit is a mandatory requirement. Here’s how to get your finances ready for an audit, so it’s as stress-free as possible.
Are you thinking about making the switch from online to a bricks-and-mortar store? We can help with some of the big questions to ask yourself before you open your retail space.
Need to cut your business expenses? We’ll review your current costs, find the expenses that could be cut, and will provide a proactive spend management programme to reduce your spending.
Consumers are becoming increasingly green in their purchasing habits. So, we’ve pulled out five ways to make your business more green, sustainable, and eco-friendly.