With there being so many changes to tax as presented in the Federal Budget, we have put together a concise summary of those that may have the biggest impact or relevance to your business and family.

In this months Business Matters we are looking at the next steps after JobKeeper finishes for your business, requirements for displaying pricing in Australia and Fringe Benefits at tax time. If you're interested in hiring new staff members this year we also investigate the government's JobMaker Hiring Credit Scheme and the New Director Identification Regime changes.

In the January edition of Business Matters, RTB Accounting Group investigates how innovation is integral to the development and growth of any business. We take a look at the elements of a Business Plan and how you can build a team for success. In addition we talk about government concessions for small businesses and ATO requirements for digital record keeping.

In the October Edition of Business Matters, as we ramp up to the Christmas season we look at seasonal pricing strategies and how to minimise loss of cash flow in low periods and maximise profitability in peak seasons. We investigate how you can mitigate conflicts of interest as well as tips to upscale your business and we also look at what is meant by "Organisational Culture". We also talk about how you can improved delivery for product based businesses and important tax dates.

With the 2020 Budget being released yesterday, we look at how some of the key features of it will affect your business including; Correctly using the margin scheme, lower taxes for businesses and individuals, Insolvency reforms to support small business, upskilling Australia. We also focus on changes to the super system and tax payable on super death benefits 

In this month's edition of Business Matters, we take a close look at how the ATO can help if you can't afford to pay your tax obligations immediately, changes to the expense claims for business vehicles and how Covid-19 may affect this years tax return. We also look at options for free marketing for your business and the critical steps you should take before setting up a business partnership.