- Articles
- Changes to overseas working holiday tax
- Exciting new service offering at YML!
- Right Corporate Structuring
- Stamp Duty
- Annual Wage Review
- Interest Only Loans
- GOVERNMENT ANNOUNCES CHANGES TO THE WORKING HOLIDAY VISA MAKER PROGRAM
- Six Things that Can Keep a Business from Growing
- ATO ANNUAL REPORT
- How The Cloud and Automation Make Business Management Easier
- Avoiding the Wealth Creation Con Artists
- Why Business Owners Should Think Like Futurists
- Buying Property? Why You Should Care About Interest Rates
- Buying property through SMSF – what are the rules?
- 4 reasons to consider refinancing your home loan
- Big data for small business
- Does your super fund provide enough life insurance cover?
- HIFX - INTERNATIONAL PAYMENT EXPERTLY DONE
- Succession plan basics for small business
- Budget Alert – Should you put in place a Transition to Retirement strategy?
- FBT 2016 - WHAT YOU SHOULD KNOW
- How New Laws May Impact Your Use of an Earnout Right when Buying or Selling a Business.
- Transfer of Business Assets & Private Company Shares
- Financial Future Checklist
- Matters to Consider Before Setting Up an SMSF
- 6 Things that Work Better in The Cloud
- Can better inventory management improve business performance for Manufacturers?
- Should you register for GST?
- 5 Top Causes Of Stress for Small Business Owners Open page Preview for 5 Top Causes Of Stress for Small Business Owners
- 5 Reasons for Cash Flow Problems in Small Businesses
- Key man insurance, who do you need to insure?
- Finance options for buying a car
- Buying A Business? 5 Red Flags to Watch Out For
- Should You Take Your Small Business National?
- Upfront costs when buying a home and how you could save
- Insourcing vs outsourcing vs co-sourcing
- 7 Useful Web-Based Software Programs for SMEs
- Saving Tax Through Successful Loan Structuring
- Buy/sell agreements - do you need one?
- Newsletters
- New Work Tax Exemption (WTE) granted to SMSF Members
- YML Finance – LOOK at these loan Interest Rates…
- New Tax Relief Introduction – Parliamentary Bill 2019
- Australian Immigration Visa Changes from 1st July 2019
- Single Touch Payroll (STP) Phase 2: What Your Business Will Have to do to Comply and How YML can Help
- Land Tax Surcharge and You
- YML Insight April 2015
- Tax Liabilities to be reported to Credit Agencies
- Insurance in your Superannuation Policy
- Business Process Improvement
- Intelligent Process Automation (IPA) is here to stay
- Carry forward your unused Concessional Contributions
- 2015 Federal Budget Report
- Business Valuation
- Skilled Nominated Migration (190 Visa) – Live & Work in NSW
- YML Insight June 2015
- Prepaying Interest
- Superannuation Contributions at EOFY
- Financial Year End Planning
- It’s time to apply for a Director Identification Number (DIN)
- Small Business Cyber Security
- Australia’s Company Tax Rate lowered to 25%
- How Business Process Outsourcing can bring value to your customers through technology
- Economic Stimulus 2021 – Latest Government Incentives – What can your business receive?
- Equity Crowd-Funding
- Low and Middle Income Earners – Tax Offsets
- Mortgage Insurance
- RBA Cash Rate Reductions - What it means for your Loan
- Insurance in Super
- Gift or lend to your child?
- GENERAL SKILLED MIGRATION (GSM)
- Proposed Superannuation Guarantee Amnesty – Have you correctly paid your staff super?
- How RPA and Bots are making Employees happier
- It’s time to apply for a Director Identification Number (DIN)
- Super Guarantee – What Happens When You Get It Wrong
- Business Process Outsourcing – Take the Technology View
- The Importance of Estate Planning
- Transfer Balance Caps and what they mean for your Superannuation and Succession Plan
- PRINCIPAL-AND-INTEREST VS INTEREST-ONLY
- UPDATE YOUR WILL
- SAFE HARBOUR FOR DIRECTORS OF STRUGGLING COMPANIES
- COVID-19 and Estate Planning – Your Will
- Why wait for interest rates to go up before considering a fixed interest loan from 1.89% p.a.?
- ATO is Auditing Rental Property Expense Claims
- JobKeeper 2.0 – Extension 1 and Extension 2
- How a Mortgage can improve your Financial Position / How a Mortgage can grow your Wealth
- Cryptocurrency – What are the Taxation Implications?
- REMINDERS! LAND TAX REGISTRATION and DEED OF VARIATION
- 2020-21 Federal Budget – Update
- Economic Stimulus 2022 – Latest Government Incentives – What can your business receive?
- UPDATING SMSF TRUST DEEDS
- SMSF - $1.6 MILLION TRANSFER BALANCE CAP
- ACT NOW – YML can help you with Phase 2 Single Touch Payroll (STP)
- CONTRACTOR vs. EMPLOYEE – EMPLOYER OBLIGATIONS
- FBT
- Economic Stimulus 2022 – Latest Government Incentives – What can your business receive?
- RPA for VEHICLE FLEET MANAGEMENT
- CRYPTOCURRENCY
- Using your Equity to Lower your Rate AND to Invest
- TRUST DISTRIBUTION IN 2018
- TAX PLANNING
- Superannuation Guarantee – Quarter 2 Late Payments Due and New 2022 Threshold Removal
- THE IMPORTANCE OF WITHDRAWING YOUR MINIMUM PENSION
- Bookkeeper Service – Why does your business need it?
- AUDIT INSURANCE – ATO Increasing Audit Activity in the Areas of Income Tax and Supe
- 5 Everyday Examples of IPA in Practice
- Transferring asset ownership to a SMSF is an in specie contribution
- Deed of Variation – NSW Surcharge Land Tax
- Deed of Variation – NSW Surcharge Land Tax
- Is Your SMSF Investment Strategy Compliant?
- GST on Property Transactions has changed from 1 July
- INVESTMENT LOANS – IS IT WORTH TAKING OUT PRINCIPAL + INTEREST at 3.89% RATE*?
- GLOBAL TALENT SCHEME – Get the expertise your company needs…
- Business Intelligence (BI) in Small Business
- It’s started – Single Touch Payroll (STP)
- CAR LOAN – HERE’S AN OFFER
- Should you pay principal + interest on your investment property?
- Over 65? Downsize your home to contribute to your super!
- NEW Skilling Australians Fund (SAF) Levy
- Limitations to the Superannuation Death Benefit
- Did you know YML Group offers CFO Services?
- Trust Distributions – Draft Section 100A – What you need to know?
- JobKeeper 2.0 – Extension 2 Commencing Soon
- It’s time to apply for a Director Identification Number (DIN)
- NSW State Budget 2020-21 – Economic Stimulus Packages
- Do yourself a Service – Partner with YML’s Bookkeeping Service and be ready for FYE 2022
- Would your business withstand one of its key people falling ill or dying?
- Superannuation Guarantee Amnesty – Self-Correct your past Super Guarantee Liability
- Be ready before refinancing or applying for a new loan
- Non-Residents and SMSFs – Tax Alert!
- Managing your Money through this Crisis!
- Proposed Partner Visa Changes – NEW Two-Step Process
- YML Insight – Special Edition COVID-19
- Divorce Order – Self-Managed Superannuation Funds (SMSF
- FBT 2020 – What do you need to consider?
- Annualised Salaries – New Rules from 1 March 2020
- ATO Increased Audit Activity – Including JobKeeper
- JobMaker Hiring Credits – Explained
- Economic Stimulus Package – JobKeeper Payment
- Superannuation and Pension Payment Changes
- Should I ‘fix’ my home loan?
- Economic Stimulus Package – Small Business Grants
- Working with Remote Staff – Business Process Outsourcing
- HR in the Australian Hospitality Sector – Specialist Service Available
- ATO Payment Arrangements – Avoid Overseas Travel Ban
- Australian Director Identification Number (DIN) – Introduction
- Refinance and get up to $4k bonus OR renegotiate with your current lender?
- JOBKEEPER INCENTIVE – ENROLMENT REQUIRED 30/04/20
- GOVERNMENT INCENTIVES UPDATE
- Taxable Payments – New Compliance for Couriers and Cleaners
- Superannuation Guarantee Amnesty 2020
- Government announces Changes to the Working Holiday Maker Programme
- NEWS! CGT Main Residence Exemption to End for Foreign Residents
- EOFY Removal of Main Residence CGT Exemption for Non-residents
- YML Insight July 2015
- Economic Stimulus Package Updates
- Land Tax NSW – Have you registered? Will you pay a surcharge?
- BUY / SELL Insurance – What is it and how can it help your business?
- YML Insight August 2015
- Working from home: What deductions can you claim?
- CBA has increased its 4-year Fixed Rate – Is now the time to fix your loan
- COVID-19 – Rent Moratorium + Financial Support
- Applying For A Mortgage Is No ‘Walk in the Park’
- NEW Superannuation Contribution Caps from 1 July 2021
- MyGov – What is it and how do you apply?
- SMSF – Would it suit you?
- Cryptocurrency – What are the Taxation Implications?
- Small Business – Fees & Charges Rebate – Up to $1500
- Economic Stimulus Package – Small Business Grants
- Small Business Instant Asset Write-Off : NOW up to $25,000
- POWER BI - BUSINESS DATA TOOL
- Employees : Time and Attendance Platforms
- When are Superannuation Pensions available to Younger People?
- COVID-19 – Travel Bans and Exemptions
- Australia’s Federal Budget 2021-22 – What’s new and what’s in it for you?
- Australian Taxes Payable as a Foreign Resident
- COVID-19 – Workers Compensation and JobKeeper
- Car Loans - In your Business or Personal Name?
- Funding to help small businesses re-open after COVID-19
- Is it time you outsourced your business processes with YML?
- Digital Automation supporting Remote Work
- The Importance of Estate Planning
- Superannuation Increases – Trust Members + Contribution Caps + Guarantee Contribution Base + Pension Caps – from 1 July 2021
- Is your lender charging your SMSF a KILLER interest rate?
- Property Development – Deed of Partition and Transfers (NSW)
- Buying Property through your SMSF
- FBT 2019 – What’s new?
- Tax Time Checklist for Individuals
- Single Touch Payroll – NOW Mandatory for ALL Businesses
- Economic Stimulus Package Updates
- Should I leave my savings in the offset or in the redraw?
- Virtual Bookkeeping at your Service
- Splitting your Superannuation Contributions with your Spouse – A Way to a Better Retirement for Couples
- Tax Planning and Restructuring to suit your Business
- Economic Stimulus 2021 – Latest Government Incentives – What can your business receive?
- Federal Budget 2019 – Immigration to Australia NEWS
- Superannuation Contribution Laws are changing – Boost your Retirement Savings from 1 July 2022
- NOW is the time to consider your Year-End Super Contributions
- Economic Stimulus 2021 – Latest Government Incentives – What can your business receive?
- Federal Budget May 2016 - Superannuation and Social Security
- Buy your own Premises NOW – Business Loans at 2.45% per annum
- Federal Budget 2014-15 Update
- NOW is the time to re-look at your SMSF loan’s interest rate
- Federal Election 2019 Outcome – What it means for you
- Deduction of Interest on Vacant Land – Draft Ruling
- STP – COMPULSORY Cloud-based Payroll Reporting
- 2022 Year-End Tax Planning – Our Tips
- AI and RPA changing the Future of Work
- SuperStream Deadline for Small Employers
- Superannuation Year End Considerations Continue!
- YML Insight February 2015
- Happy NEW Financial Year – ATO Changes Update
- Economic Stimulus Package Updates – JobKeeper 2.1
- Does your SMSF have an investment strategy?
- Business Process Outsourcing (BPO) – Remote / Offshore
- YML Insight March 2015
- General Outsourcing Services provided by YML
- How to get on top of your finances post COVID-19
- Other Topics
- RPA
- FAMILY TRUST DEED VARIATION
- ENCOURAGING NEWS FOR Permanent residency (pr) APPLICANTS
- WORK RELATED CAR EXPENSES - WHAT'S LEGAL?
- WHAT IS THE BEST WAY TO PAY OFF YOUR DEBTS?
- Business Protection Insurance
- Aiming to Make a Final Non Concessional Superannuation Contribution for 2016? Be Careful!
- Getting Organized and Planning Effectively This EOFY
- New Withholding for Non Residents
- Four Per Cent Stamp Duty Surcharge for Overseas Investors Buying Residential Real Estate in NSW
- Co-Sourcing: An Alternative To Out-Sourcing
- What Small Business Expenses Can You Claim?
- Israeli Tax of Trusts
- New Superannuation Rules
- YML Group App - Coming Soon
- Obtaining a Business Skills Visa
- Quick Tips to Pay Off Your Mortgage Sooner
- FBT on Christmas Gifts and Tax Deductibility of Christmas Parties
- Changes to the Assets Test for Centrelink Aged Pensions from January 1st 2017
- Why You Should Consider Co-Sourcing for your Business
- Is It Worth Fixing Your Loan?
- Co- Sourcing
- Shareholder's Agreements
- Tax
- minimum payment will be $750 per week
- maximum payment will be $5,000 per week.
- salaries and wages
- utilities and rent
- financial, legal or other advice
- marketing and communications
- perishable goods
- other business costs.
- Have an ABN-registered business operating in NSW; and
- Have registered for GST; and
- Have a total Australian wages below the NSW Government payroll tax threshold in 2020-21 of $1.2 million.
- Commonwealth Government charges
- Any government premises rental amounts
- Commonwealth Government taxes
- NSW Government taxes
- Any fines or penalties
- Fees and charges incurred with the purpose of changing a small business owner or sole trader’s behaviour, such as but not limited to parking space levies (Transport for NSW), compliance and capacity risk loadings (Liquor & Gaming NSW), environmental prevention and clean-up notice fees and general trading licence fees.
- Businesses must first register to confirm their eligibility.
- Registrations will close when 5,000 businesses have successfully registered
- Businesses that have successfully registered can claim their rebate from April 2022 for expenses incurred from 14 October 2021 to 30 June 2022.
- Registered businesses will receive an email when the claims process opens.
- Claims must be made by 30 June 2022.
- 1 August to 14 November 2021
- 15 November 2021 to 13 January 2022
- 14 January to 13 March 2022, subject to a separate application. Applications for this period will open from late March 2022.
Integrated Financial Services
Economic Stimulus 2022 – Latest Government Incentives – What can your business receive?

2022 Small Business Support Program - NEW
If you’re a business, sole trader or not-for-profit organisation in NSW and you've been impacted by the Omicron wave of COVID-19, you may be eligible for a payment under the 2022 Small Business Support Program.
The program provides cash flow support to help eligible businesses survive the impacts of COVID-19 and maintain their NSW employee headcount.
Eligible businesses will receive one payment covering the 4-week period of February 2022. Businesses will not receive payment for January 2022.
If you’re an employing business, the payment will be equivalent to 20% of weekly payroll for work performed in NSW:
Eligible businesses can use funds to cover business costs incurred due to the impacts of the Omicron strain of COVID-19 in NSW. These costs may include:
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Click on the link below to engage with us if you are a business owner for you to receive the 2022 Small Business Support grant.
https://app.hellosign.com/s/AMtDR555
For more info visit https://www.service.nsw.gov.au/transaction/apply-2022-small-business-support-program#what-you-need
The NSW Government has announced that the small business fees and charges rebate will increase from $2,000 to $3,000. Eligible employing businesses will be able to use the rebate against 50% of the cost of rapid antigen tests from late March. More information will be available soon.
Sole traders and small business owners must:
Eligible applicants can lodge multiple claims – as these types of expenses arise and are paid – until the $2000 rebate cap is reached.
The NSW Government stipulates that for a fee or a charge to be eligible, it must be due and paid from 1 March 2021.
There are some costs that may NOT be claimed:
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Click on the link below to engage with us if you are a business owner for you to receive the NSW Small Business Fees and Charges Rebate
https://app.hellosign.com/s/C14bVnW3
For more info visit https://www.service.nsw.gov.au/small-business-fees-and-charges-rebate
The NSW Government has launched Dine & Discover NSW to encourage the community to get out and about and support dining, arts, and recreation businesses.
Once approved as a Dine & Discover NSW business, you’ll be able to accept and redeem vouchers straightaway. You'll be able to do this through the Service NSW for Business app.
Businesses that register to accept Discover NSW vouchers can also accept Parents NSW vouchers.
Takeaway businesses are eligible to register for the scheme.
Vouchers are available to all NSW residents aged 18 or over and are valid to 30 June 2022.
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Phone YML Chartered Accountants on (02) 83834400 if you wish YML to assist you to register on behalf of your business.
For more info visit https://www.service.nsw.gov.au/transaction/register-business-dine-discover-nsw
If you are a small or medium food and beverage business wanting to create or expand your outdoor dining area, you may be eligible for a $5,000 rebate under the NSW Government’s Alfresco Restart package.
The rebate is available to the first 5,000 eligible small or medium food and beverage businesses that register.
There are 2 steps involved in the Alfresco Restart rebate:
1. Register for the rebate
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Phone YML Chartered Accountants on (02) 83834400 if you wish YML to assist you to register on behalf of your business.
For more info visit: https://www.service.nsw.gov.au/transaction/alfresco-restart-rebate
The NSW Government has announced that this grant has been extended until 13 March 2022. Applications for eligible landlords who provided rent relief from 15 November 2021 to 13 January 2022 are now open.
Grants of up to $3,000 per month (GST inclusive), per property, are available for eligible landlords who have provided rental waivers to affected tenants. Rent waived must comprise at least half of any rental reduction provided. The remaining portion may be a rental deferral. The grant does not apply to rent deferrals. For more information, see the guidelines.
Grants will be paid as a lump sum amount for the rent waived from:
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Phone YML Chartered Accountants on (02) 83834400 if you wish YML to assist you to apply on behalf of your business.
For more info visit https://www.service.nsw.gov.au/transaction/apply-commercial-landlord-hardship-grant
The JobMaker Scheme offers an incentive for small- and medium-sized businesses to expand their workforce and employ younger Australians in need of a job and, in turn, deliver growth potential for those businesses.
Eligible employers must register with the Australian Taxation Office (ATO) who are administering the scheme. JobMaker Hiring Credits are paid each quarter – from 1 February 2021 – for each eligible additional employee hired from 7 October 2020 until 6 October 2021.
Eligible employers may receive a JobMaker Hiring Credit of $200 a week for an employee aged 16 years to 29 years of age AND $100 a week for an employee aged 30 years to 35 years of age.
Scheme will end on 6 October 2022.
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Click on the link below to engage with us if you are a business owner for you to receive JobMaker payment.
https://app.hellosign.com/s/8qkWmCLT
For more info visit https://www.ato.gov.au/General/JobMaker-Hiring-Credit/
Talk to our YML Chartered Accountants Team today to see how YML Group can assist you with government financial assistance. For more information, view our website and contact us on (02) 8383 4400 or by using our Contact Us page on our website.
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