The Rise of Virtual Banks (AKA NeoBanks)
WHAT IS A VIRTUAL BANK? To put it simply, Virtual = Online. It is a bank with no physical branch. While all banks have online capabilities, a virtual bank is designed from scratch to work
Federal Budget 2020
NOT YET LEGISLATED It is important to note that any announcements made by the Government are not guaranteed to become Law. These announcements need to pass Parliament first, and it’s possible that the Government may
Some Victorian COVID Grants Are Not Taxable
UPDATE 23/07/21: The following links will also be of assistance should you be looking for more up to date info… https://www.charteredaccountantsanz.com/news-and-analysis/news/summary-of-vic-covid-19-business-support goes over all of the Government support available for Victorian businesses and employees (there
JobKeeper 2.0 Alternate Turnover Tests
Check out our easy to use Alternate Test Calculator at https://www.mcaaccountants.com.au/download-files/9025/ With 4 days until JobKeeper 2.0 begins, the Government has released the alternate tests available to businesses when working out if they have suffered
Further JobKeeper 2.0 Clarity
This follows our previous post which can be read at https://www.mcaaccountants.com.au/resources/blog/vic-covid-support-jobkeeper-update/. Further clarification – but still not complete clarification – on the operation of JobKeeper 2.0 was released by the Government on 15 September 2020.
Vic COVID Support + JobKeeper Update
We thank all our clients for their patience during these uncertain times.Over the weekend, the Victorian Government announced a support package for businesses and along with these details we also have a JobKeeper update. Victorian
Phoenix alert: Government warns directors
When a company has failed or becomes insolvent, it is perfectly legitimate to register a company to take over what is left of that company after liquidation. The directors of the failed company may have
Tax time focus areas for individuals
It’s tax time again, as you gather your receipts and other assorted tax documents, you should also turn you mind to what the ATO is paying close attention to this year. This year, the ATO
ATO focus areas for businesses
A recent interview with Tax Commissioner Chris Jordan revealed details of what the ATO will be paying particular attention to this year. Perhaps not surprising, but the ATO will be targeting businesses that deal in