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$10,000 Business Support Fund

Updates to $10,000 Business Support Fund Criteria

Yesterday, the Victorian Government announced that they are going to be extending their $10,000 Business Support Fund. That way they can support even more Victorian businesses affected by the Coronavirus pandemic. They are now expanding the criteria to include businesses with a wages bill less than the payroll tax threshold of $650,000 who are participating…

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JobKeeper Payment - Government Stimulus

JobKeeper Payment FAQ’s & What You Need to Do Right Now

Hi everyone, Hopefully you are well and getting through these crazy times with so much uncertainty. We’re doing our best to support you through this period, however, understandably, we are inundated with phone calls and emails with our businesses all wanting to know what they are entitled to, and what they need to do. We…

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Coronavirus Update for Businesses (5)-min

Latest Coronavirus Update – The Impacts on Businesses & Individuals

It seems the whole world is talking about COVID-19, which given the latest updates is understandable. However, the constant bombardment of news and advice on social distancing, self-isolation, empty supermarket shelves and talk of business closures has left many of us feeling worried, stressed, overwhelmed and uncertain about what the future holds. This can have…

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Coronavirus Update for Businesses

Coronavirus Update: Business Continuity Meetings for Businesses

With the latest Coronavirus update, there’s one key thing you need to focus on right now – keeping your business alive. But, it’s not all doom and gloom. There are some positives we can take out of this situation – especially looking ahead into the future. Withstanding these tough times can set a business up…

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Blog Image - Coronavirus Tips

Coronavirus Tips for Businesses: Helping Your Business Cope

Hey guys, Given the latest updates, here are some Coronavirus tips to help your business cope during this difficult time. As a business owner, there may be some challenging times ahead including: Team members being absent from your workplace Product supply issues Demand for your services or products reducing over the short term A reduction…

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Our Response to Coronavirus COVID-19

Given the latest updates relating to the Coronavirus (COVID-19), we wanted to let you know that we are on the “front foot”. Therefore, we expect no interruptions to the services we provide at Knox Tax. We will continue to be here to support you, your families and your businesses throughout this potentially stressful, difficult and uncertain…

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Dual Cab Utes - Do You Need a Logbook?

Dual Cab Utes & Keeping Logbooks – Do You Need One?

The simple answer – Yes! If ever in doubt on whether you should or shouldn’t have a logbook, our recommendation is always to have one. After all, it’s better to be safe, than sorry! The Australian Tax Office (ATO) have recently warned about tightening-up on their approach towards people who own vehicles through their businesses –…

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How to Claim a Tax Deduction for Personal Super Contributions

How to Claim a Tax Deduction for Personal Super Contributions

This financial year, the ATO have been cracking down on personal super contribution claims because they are wanting to ensure that everyone is following the rules. For some, submitting a Notice of Intent before lodging your tax return seems to be a new process, however, it has been around for a while.  The reason you may only…

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Declaring foreign income

ATO Crackdown! | Are You Declaring Foreign Income in Your Tax Return?

Have you been earning money overseas or have an overseas bank account that you deposit money into? Do you have assets or investments overseas? Have you been a bit naughty by “accidentally” omitting this income from your tax return? If so, this article applies to you.   What is Foreign Income? In simple terms, foreign…

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MyGov Accounts are NOT Compulsory | Here’s What You May Not Know…

As you may know, in February this year legislation came into effect that requires all employers to start reporting their payroll information through Single Touch Payroll from 1 July 2019. Employers have until 30 September 2019 to start reporting without needing to apply for additional time. Alternatively, here’s a quick summary: The introduction of STP…

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