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North Advisory Accountancy Blog

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Seven essential tax tips for SME and sole traders

Posted June 25, 2020 by North Advisory

There’s no doubt tax time can feel like a time-consuming hassle for those running their own business. Here are seven essential tax tips every small business owner, self-employed or sole trader needs to know this EOFY.

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Working from home tax deductions

Posted June 23, 2020 by North Advisory

Thousands of Australians changed their working arrangements this year. With this significant shift of people to their home office, the ATO recognised the need to introduce a simple method of calculation for work expenses.

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EOFY and your superannuation

Posted May 26, 2020 by North Advisory

The end of the financial year is an excellent time to review your superannuation. With just over a month left until the 30 June deadline for the 2019/20 financial year, we have some beneficial superannuation taxation strategies for you to consider.

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The benefits of real-time business accounting

Posted May 20, 2020 by North Advisory

Information is power. If you have the right information about your business – your cash flow, your shortfalls, your revenue, your employees – then you have the capability to make changes for the better, at the right time. That’s the power of real-time business accounting.

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Do you have the right business accountant?

Posted May 6, 2020 by North Advisory

Selecting a business accountant is one of the most important decisions you can make. While there are many accountants who are good at what they do… they might not be the best fit for your business. The right accountant will save you time and money.

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JobKeeper Payment… the process and more

Posted April 29, 2020 by North Advisory

On 15 April 2020, the Australian Taxation Office released their guidance regarding the JobKeeper Payment. We have compiled the update below to advise on the most relevant points, and outlined steps that need to be taken for eligible businesses to receive it.

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Understanding the investment market

Posted April 17, 2020 by North Advisory

Whether you are new to investing or a seasoned professional, the current state of the global economy can be cause for concern. With the outbreak of COVID-19 reaching all corners of the planet, the economic impact has been headline news for weeks.

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Government assistance for workers

Posted April 15, 2020 by North Advisory

On 8 April 2020, the JobKeeper Stimulus package passed through Parliament. It provides critical financial support for many struggling businesses and individuals in this difficult time.

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New Government Stimulus – Action Plan

Posted April 8, 2020 by North Advisory

On 30th March 2020, the Government announced another stimulus package for the Australian economy worth $130 billion. It is the third and largest package announced to help keep the economy afloat.

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Economic stimulus packages for superannuation explained

Posted March 25, 2020 by North Advisory

Over the past few weeks, the Government has announced two economic stimulus packages to cushion the economic impact of the Coronavirus. A total of $189 billion is being injected into the economy by all arms of Government in order to keep Australians in work and businesses in business.

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