Its time again to get your 2021 tax return into the ATO and gain access to your tax refund! What you need to know for your 2021 tax return The low to medium income tax offsets of up to $1080.00 per tax payer introduced in 2019 have been extended for tax payers and will help […]
MYOB Essentials to Xero Conversions On The Rise!
We have been experiencing an unprecedented increase in MYOB Essentials to Xero Conversions over the last few months as many small businesses are loosing confidence in the MYOB cloud based product and looking to make the switch to Xero while retaining their transactional history. Key benefits in converting to Xero: Many conversion clients have complained […]
Federal Budget 2021 Accounting & Tax Insights
Australia’s Treasurer, Mr Josh Frydenberg, handed down the 2021–22 Federal Budget at 7:30 pm (AEST) on 11 May 2021. A stronger than expected economic recovery from the COVID-19 recession has resulted in a budget deficit of $161 billion, $52.7 billion lower than the government’s expected deficit. Given the virus continues to be a threat to […]
Tax Time 2020
Its time again to get your 2020 tax return into the ATO and gain access to your tax refund! What you need to know for your 2020 tax return The low to medium income tax offsets of up to $1080.00 per tax payer introduced in 2019 continues to be available For those who use the […]
COVID-19 – Supporting Businesses To Retain Jobs (JobKeeper Payment)
Supporting Businesses To Retain Jobs (JobKeeper Payment) OnVenture welcomes the Australian Government’s JobKeeper initiative to subsidise the wages costs of businesses who’s revenue has been significantly affected by the Coronavirus crisis but continue to operate and as to keep otherwise stood down employees connected with their employers in the case of shutdowns. The Australian Government […]
COVID-19 – Temporary Relief For Financially Distressed Businesses
Temporary Relief For Financially Distressed Businesses OnVenture welcomes the Australian Government’s stimulus package to introduce financial stimulus measures for business which has now passed through parliment and includes temporary relief for financially distressed businesses. While we all do our best to stay resiliant through this Coronavirus crisis we also need to be realistic about […]
COVID-19 – Temporary Early Access To Superannuation
Temporary Early Access To Superannuation OnVenture welcomes the Australian Government’s stimulus package to introduce financial stimulus measures for business and individuals which has now passed through parliament and includes early access to superannuation. The Government is providing support for individuals to assist them during the next six months. We highly recommend those who are […]
COVID-19 – Income Support For Individuals
Income Support For Individuals OnVenture welcomes the Australian Government’s stimulus package to introduce financial stimulus measures for business and individuals which has now passed through parliment and includes income support for individuals. The Australian Government is providing support for individuals to assist them during the next six months. The following is what I found […]
COVID-19 – Boosting Cash Flow For Employers
Boosting Cash Flow For Employers OnVenture welcomes the Australian Government’s stimulus package to introduce financial stimulus measures for business which has now passed through parliment including the boosting cash flow for employers’ grants. While we all do our best to stay resiliant through this Coronavirus crisis we also need to be realistic about how effective […]
Super Guarantee Amnesty Is Here – Last Chance!
Super Guarantee Amnesty Is Here – Last Chance! The Government has finally brought the (SG) Super Guarantee Amnesty for employers to fruition. Now that single Touch Payroll (STP) has increased the level of transparency around when employers make SG contributions on behalf of employees it’s an opportune time for employers to make good any outstanding […]