The Australian Federal government has officially chosen to support the videogame industry in the new 2021 budget. They have officially confirmed a refundable, national tax break for video game development in Australia. The Federal Budget contains a tax offset for videogame creation. This will mark the first time the Federal Government has created a financial…Read More

  Introduction AusIndustry is in the process of rolling out a new online R&D Tax Incentive application portal which will be used to submit all FY2021 R&D Tax Incentive applications.Read More

If you are undertaking R&D that is eligible under the R&D Tax Incentive (R&DTI) program, you can claim a refund from the Australian Government. But how do you know if you have eligible R&D? This is actually trickier than it sounds because you need to recognise that you have a potentially eligible piece of R&D…Read More

With the rise of cloud products and services, there has been a shift in how businesses handle their processes, especially accounting. Modern cloud-based accounting software can easily be installed and used by SMEs and their accounting firm servicing them. What is Cloud Based Accounting Software Cloud accounting is like traditional accounting but all your business…Read More

What is it? The R&D Tax Incentive (R&DTI) is a self-assessed Australian Government assistance program aimed at encouraging companies to undertake R&D in Australia that might otherwise have been considered too risky to do without the financial support provided by the program. The R&DTI is jointly administered by AusIndustry and by the Australian Taxation Office…Read More

What is a freight forwarder? Simply, the middleman between you as the shipper or consignee (person or company receiving the product) and the Airline or Shipping Line and road/rail transport.Read More

Inventory management software is the new digital replacement for old hard copy record books and inventory sheets, but with modern solutions it can be so much more. Because inventory management software is such an essential part of running a successful business there are thousands of solutions to manage your inventory data. But with so many…Read More

The Covid-19 pandemic has had a global impact on all economies. Colombia is not an exception and is experiencing its first recession since 1999. According to the IMF the Colombian economy contracted 8.1% in 2020. The most affected industries were construction, mining and trading with an annualised rate of contraction of 26.2%, 19.1%, and 20.01%…Read More

  The Federal Budget, set to be released on October 6, will introduce new rules allowing small businesses at the risk of collapse to trade whilst insolvent. The insolvency measures will constitute one of the non-spending structural reforms to be contained in the October 6 Budget and will borrow from items contained in the United…Read More

The Federal Government has announced that it will extend the $150,000 instant asset write-off, for a further 6 months until 31 December 2020. This is following the expansion of the programme from assets worth $30,000 to $150,000 in response to the March COVID-19 pandemic. The $150,000 write-off had previously been due to expire at 30…Read More