Are you ready for this year’s personal tax return? Here are our 2023 Tax Time Tips! Your Tax Time Tips for your 2023 Tax Return The low to medium income tax offsets (LMITO) of up to $1080.00 per tax payer introduced in 2019 has ended and the ATO wants you to know this may result […]
Start Of Business Year 2024 Requirements
Here’s a few important reminders about what business operators should put in place and be aware of for the start of this 2024 financial year: National minimum wage and award rate Businesses need to be aware that from the first full pay period on or after 1 July, the national minimum wage would increase to […]
Federal Budget 2023-24 – Key Insights
Australia’s Treasurer, Mr Jim Chalmers handed down the 2023-24 Federal Budget on Tuesday, 9 May 2023. The Treasurer announced a package of cost-of-living measures, including up to $3bn in energy bill relief (expected to reduce power bills by up to $500 for 5 million households) and $1.3bn for home energy upgrades. These measures have been […]
COVID-19 – Supporting Businesses To Retain Jobs (JobKeeper Payment)
Supporting Businesses To Retain Jobs (JobKeeper Payment) OnVenture welcomes the Australian Government’s JobKeeper initiative to subsidise the wages costs of businesses who’s revenue has been significantly affected by the Coronavirus crisis but continue to operate and as to keep otherwise stood down employees connected with their employers in the case of shutdowns. The Australian Government […]
COVID-19 – Temporary Relief For Financially Distressed Businesses
Temporary Relief For Financially Distressed Businesses OnVenture welcomes the Australian Government’s stimulus package to introduce financial stimulus measures for business which has now passed through parliment and includes temporary relief for financially distressed businesses. While we all do our best to stay resiliant through this Coronavirus crisis we also need to be realistic about […]
COVID-19 – Temporary Early Access To Superannuation
Temporary Early Access To Superannuation OnVenture welcomes the Australian Government’s stimulus package to introduce financial stimulus measures for business and individuals which has now passed through parliament and includes early access to superannuation. The Government is providing support for individuals to assist them during the next six months. We highly recommend those who are […]
COVID-19 – Income Support For Individuals
Income Support For Individuals OnVenture welcomes the Australian Government’s stimulus package to introduce financial stimulus measures for business and individuals which has now passed through parliment and includes income support for individuals. The Australian Government is providing support for individuals to assist them during the next six months. The following is what I found […]
COVID-19 – Boosting Cash Flow For Employers
Boosting Cash Flow For Employers OnVenture welcomes the Australian Government’s stimulus package to introduce financial stimulus measures for business which has now passed through parliment including the boosting cash flow for employers’ grants. While we all do our best to stay resiliant through this Coronavirus crisis we also need to be realistic about how effective […]
Super Guarantee Amnesty Is Here – Last Chance!
Super Guarantee Amnesty Is Here – Last Chance! The Government has finally brought the (SG) Super Guarantee Amnesty for employers to fruition. Now that single Touch Payroll (STP) has increased the level of transparency around when employers make SG contributions on behalf of employees it’s an opportune time for employers to make good any outstanding […]
How Your Business Can Beat The Coronavirus!
- OnVenture Pty Ltd
- Blog
How Your Business Can Beat The Coronavirus! Are you worried about your business’s resilience during the Coronavirus crisis? Everybody’s freaking out right now and buying toilet paper, pasta and canned foods! THE SITUATION IS NOW THIS: Many businesses in Australia have been dealing with a challenging trading environment for some time and with draught, fires, […]