Tailored Accounts facebook   +61 2 6169 5196

End Of Financial Year 2021 Tips For Managers and Business Owners

  • Read: 202 times
Author: Harry Hoang CPA | CEO of Tailored Accounts End of financial year can be a stressful time for executives and business owners. But think of it this way—you’re running a marathon, it’s not far from the finish line, you just need to push through to achieve your personal and business goals. Here’s a quick checklist to help you get your financial affairs in order before the 30 June deadline. Undertake analysis - To see if you will achieve your budget in the last quarter. If you haven’t made budget, consider what you can do? Cut costs? Improve sales? Or…
Read more...

R&D Application Process Reform

  • Read: 127 times
Author: Hannah Tran CPA | Partner at Tailored Accounts A new portal has been launched to make it easier for companies and individuals to manage their applications for the Research and Development (R&D) tax incentive. Applications can be submitted via the portal from 5 July 2021, but you can log in now to become familiar with the new portal and start drafting your application. Previously, the process of submitting a Registration of R&D Activities Application started with downloading an editable smart PDF form from business.gov.au, followed by completing the form and finally submitting the interactive form by clicking the Submission…
Read more...

EMDG Reform: Draft Guidelines released for consultation

  • Read: 146 times
Source: EMDG Austrade The draft 2021 Export Market Development Grants (EMDG) Guidelines has been released for public consultation, the next stage in the EMDG Reform process. The EMDG Legislation Amendment Act 2020 was passed in December 2020, and the EMDG Rules were released in April 2021. The draft Guidelines are now out for public consultation until Friday 11 June 2021. Feedback on the draft Guidelines can be sent to This email address is being protected from spambots. You need JavaScript enabled to view it.. The draft Guidelines provide practical guidance on how the new program will operate, including aspects such as: Are you eligible to apply? When can you apply for the 2021–22 grant…
Read more...

2021 Federal Budget Report Summary: Tax Compliance & Superannuation

  • Read: 173 times
Source: Tax & Super Australia On Tuesday, 11 May 2021, Treasurer Josh Frydenberg handed down the 2021-22 Federal Budget, his 3rd Budget. 1. Tax-related measures announced: Personal tax rates - no changes were made to personal tax rates, the Government has already brought forward the Stage 2 tax rates to 1 July 2020. The Stage 3 personal income tax cuts remain unchanged and will commence in 2024-25 as already legislated. LMITO retained for 2021-22 - the Government will retain the low and middle-income tax offset for the 2021-22 income year. The LMITO provides a reduction in tax of up to…
Read more...
Subscribe to this RSS feed