Latest Financial News
Vault Has Acquired An Accounting Firm In Moree And Bingara
Moree in Northern NSW has a small but upbeat population of just under 8,000. Moree is best known for being a major agricultural hub. Moree has a huge cotton-growing industry which has been operating since the early 1960s. Businesses in small towns...
The ATO Reveals That There Is A Large Number of Unpaid Construction Tax Bills
The Australian Tax Office (ATO) has revealed that over the duration of the covid-19 pandemic, Construction-related businesses have built up a mountain of unpaid tax bills. This means that there is the potential for a huge number of business...
Phil Maltby Has Joined The Team At Vault Accountants
Vault Group has recently acquired “Maltby Philip & Co” an accounting firm based in Moree and Bingara. The firm was originally established by Phil Maltby who is a veteran of the accounting industry having worked for over 40 years in regional New...
Xero Has Released a New Support Package Eligibility Calculator
Xero has recently released a new eligibility calculator to help small businesses apply for government support packages following the omicron covid outbreak. The update comes as the NSW, South Australian, Tasmanian and ACT governments have all...
Queensland Government Announces $50,000 Support Grant To Help Businesses Impacted By Recent Floods
Queensland Premier Annastacia Palaszczuk has announced a new $50,000 support grant to assist small businesses who have suffered as a result of the recent flooding. The announcement comes as the federal government has agreed to jointly fund a $558.5...
Western Australian Government Announces New Covid-19 Support Package
Western Australian businesses have been handed a much needed $77 million support package by the state government. The funding announced by the McGowan Government aims to help businesses that were impacted by the delay of the states boarder...
How Taxpayers Can Get $6.50 Back on Covid-19 Rapid Antigen Tests
Federal Treasurer Josh Frydenberg has announced that the Australian Government will be offering tax breaks for individuals and business that use rapid antigen tests (RATs) in order for them to attend work. "Today, I'm announcing that we will ensure...
Australia Experiences Record Level Retail Sales for December Quarter
Retail sales across Australia have increased to 8.2 percent in the quarter of December, mainly due to the festive shopping season as cafes and restaurants reopened from Delta lockdowns in NSW and Victoria. Figures released by the Australian Bureau...
ATO Plans to Continue Their Focus on Late Lodgements In 2022
The Australian Tax Office (ATO) has announced that late lodgements will continue to be placed under heavy scrutiny during 2022. According to an SMSF auditor the ATO still looking to see further improvement in this area. In February 2021, the ATO...
Tips For Achieving Your Financial Goals in The New Year
Most Australia’s start the new year with a list of new years resolutions and changes that they intend to make so that their life is more fulfilling and organised. By the time February starts most people have already failed to stick to their...
Retail Sales Increase Across Australia As Covid-19 Restrictions Ease
Retail sales across Australia increased by 4.6 percent during the month December 2021 when compared with the figures recorded in December 2020. According to the figures published via Mastercard SpendingPulse, household goods remained the most...
Important Information About Crypto Tax In Australia
In 2021, the popularity of cryptocurrency rose significantly and consequently became more trusted by the general public. In November 2021, the Commonwealth Bank announced its intentions to allow customers to buy and trade crypto via their banking...
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