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Get our latest updates in government, accounting, tax and business, or read our highly cited published articles.
The business world is an ever-changing entity, and the current economic climate is no exception. With high inflation rates and the anticipation of more to come, it can be challenging for businesses to maintain their profit margins.
A number of the announcements in the Federal Budget are being actioned immediately, for example, the temporary reduction in the fuel excise. Other measures are plans for the future, including the plan to continue improving the digitisation of the tax system, with the proposed commencement of the digitalising of trust income reporting and processing set to start from 1 July 2024.
Latest updates on the Western Australian grants available. The Small Business Rental Relief package opens soon - Tenant Rent Relief Scheme announced as part of the Level 1 COVID-19 Business Assistance Packages. The Level 1 Small Business Assistance Grant - December 2021 is still open. The application process for the remaining Small Business Rental Relief package and the Level 2 COVID-19 Business Assistance Packages is being finalised.