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Articles regarding important information about AWF and news regarding accounting services.

How can cloud-based accounting help my small business?

Bookkeeping is essential for small business owners because it is how they remain compliant with taxation law and maintain an intimate understanding of the financial health of there business. This is because bookkeeping is the backbone of accounting, as bookkeeping is the process of: Storing invoices Collating financial data Monitoring client payments Maintaining stock The

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BUSINESS GRANTS OF UP TO $11K FOR COVID RELIEF

Treasury have released grants available to small businesses that have been affected by the recent Covid restrictions in South Australia. Don’t miss out on your opportunity as a small business owner to receive some much-needed cash relief from the government!! The first round of grants is specifically for the tourism, hospitality, and fitness industries with

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ADDITIONAL BUSINESS GRANT OF UP TO $22K

South Australia Treasury has released an additional round of grants on top of the December Round (refer to previous blog post for details of first round) The assessment for the hospitality and fitness industry is that you have to show a 30 % reduction in turnover when comparing the period 10 January – 30 January

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ARE COVID TESTS TAX DEDUCTIBLE?

YES! the government has approved the deductibility of COVID-19 tests for individuals and businesses. Therefore an individual on a “standard” Australian wage will receive $6.50 back for every pack of RAT tests purchased. For those who operate small businesses the total cost is exempt from FBT and therefore will receive a $ for $ return

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