We explain how to prepare a profit and loss statement and balance sheet to use for proof of income when applying for the Australian Government’s coronavirus stimulus packages.
The Western Australian Government has announced a range of measures to support WA’s small business owners during the coronavirus (as at 31 March 2020).
The new JobKeeper Payment announced on 30 March aims to help businesses who have been affected by COVID-19 keep paying employees, this includes people who are self-employed. Here are some key points about eligibility (as at 31 March 2020).
The Australian Banking Association has announced new loan deferral arrangements for small businesses affected by coronavirus (as at 30 March 2020).
The Australian Government announced an updated economic stimulus package to support the economy during coronavirus. Here are the stimulus details so far (as at 30 March 2020).
We’ve put together this practical checklist of what you can do to keep your business open and reduce the impact of coronavirus (as at 30 March 2020).
When you first develop an idea you may decide to test it as a hobby but it’s important for tax purposes to know when an activity becomes a business