The Victorian Government has announced several programs to support hospitality industry, we have many clients in the industry enquired for such information. To help you to have a better understanding of the program, we did a thorough analysis and summarized as below. Hope it can give you some insight after finishing reading it, thereby get some benefits from it, i.e. gain extra cashflow for your business. This article is related to “Night-time Economy Business Support Initiative”.
The Victorian Government has announced a $40 million program, the Night-time Economy Business Support Initiative (the Initiative), to support commercial tenants operating pubs, clubs and restaurant businesses that are experiencing rental payment hardship due to the COVID-19 crisis.
Night-time Economy Business Support Initiative Link
Recently, we have received many inquiries regarding to how to set up a business and how to manage it. As a registered CPA public practice, our advice is that you should understand your tax obligations. The most important one is Goods and Services Tax (“GST”). Most business owners have come across business activity statement (“BAS”) before. Usually the statement is related to GST, PAYG withholding and PAYG instalment. We would like to explain GST to help business owners understand their BAS obligations and enable them to collect enough information during their daily business operations to fulfill these reporting requirements. link
Recently we have received a lot of inquiries regarding to how to set up a business and how to manage business records to meet tax, superannuation and employer obligations. As a registered CPA public practice, our advice is that you should understand your record-keeping obligation and have a clear idea of what is involved.How To Set Up Small Business - Record-keeping Obligation link