Category Archives: Small Business

Covid 19 Test Tax Deduction

From 1 July 2021 employees, sole traders and contractors may be able to claim the cost of Covid-19 testing. You would need to meet the following criteria: You used the test to determine if you can attend or remain at work. The brand and type of test was registered for use in Australia. You paidContinue reading “Covid 19 Test Tax Deduction”

2021-2022 Budget Summary

On Tuesday, 11 May 2021, Treasurer Josh Frydenberg handed down the 2021-22 Federal Budget, his 3rd Budget. The major tax-related measures announced in the Budget included: Personal tax rates – no changes were made to personal tax rates, the Government having already brought forward the Stage 2 tax rates to 1 July 2020. The StageContinue reading “2021-2022 Budget Summary”

Covid-19 Stimulus Voucher Scheme

The State government of NSW is launching its Dine & Discover voucher scheme in March. Every NSW resident will be given 2 x $25 vouchers to use at dining venues and 2 x $25 vouchers to be used for entertainment and recreation. You will be able to access your vouchers via the Service NSW appContinue reading “Covid-19 Stimulus Voucher Scheme”

Need a hand?

Drought, bushfires, Covid-19, festivals cancelled, recession! GQ Tax is here to help. My flexible pricing means relief for you during a downturn (no fixed fees, no automatic annual increases). Specialised cash flow coaching is available to all business clients to help you get the most out of your business whatever the conditions. Call Grant todayContinue reading “Need a hand?”

30% Discount Bushfire & Covid-19 Frontline Heroes

Thanks to our bushfire and Covid-19 heroes! Discount is available to employees and businesses in; health care, aged care, emergency services, RFS volunteers, ADF personnel including reserves, hygiene services, food supply and essential retail. Terms and Conditions Offer available to all employees in the listed industries (eg. admin staff working in a hospital would beContinue reading “30% Discount Bushfire & Covid-19 Frontline Heroes”

Drought and JobKeeper

I’m hearing a lot of people (including other accountants!) say that JobKeeper isn’t available for some businesses in our region because their turnover was already low 12 months ago because of the drought. Using the basic test, this may be right, your businesses turnover might not be 30% lower than last year because it wasContinue reading “Drought and JobKeeper”

Second Federal Government Support Package

On Sunday 22nd March the Federal Government announced a second round of support to individuals and businesses as a result of the Covid-19 Pandemic. The following is a summary of the measures as they relate to individuals, sole traders and partnerships: Individuals who receive support payments (Jobseeker Allowance, Youth Allowance, Parenting Payment, Farm Household Allowance)Continue reading “Second Federal Government Support Package”