Entries by synecticgroup

COVID-19 JobKeeper Payment update

The JobKeeper Payment, at $130B, is the single biggest economic support measure in Australia’s history. The more we hear and read, the more confident we are that this measure has definitely hit the mark and will be the saviour for many businesses and thousands of jobs.

COVID-19 JobKeeper Payments

The third and largest COVID-19 (coronavirus) support package to date is a $130 billion economic injection designed to save jobs for the next 6 months. In this package, businesses may be entitled to receive a fortnightly wage subsidy of $1,500 per employee. The so-called JobKeeper Payment is designed to keep people in work and the Government […]

COVID-19 Stimulus & Support Update

The federal government continues to release a range of measures to support both business and individuals as a result of COVID-19. This update primarily focuses on the government’s second round of stimulus measures. We also outline key concessions announced to date by major banks and provide a brief update on state government announcements.

2019 Synectic University of Tasmania (UTas) “Scholarship in Business” winner

Congratulations Millicent Young, recipient of the 2019 Synectic University of Tasmania (UTas) ‘Scholarship in Business’. We award our annual scholarship to a UTas student entering the final stages of an undergraduate Business degree. The scholarship provides financial assistance and the offer of paid work experience, giving students a chance to be mentored by our experienced accountants.

Federal Election Promises Compared

With only two more sleeps until the 2019 Federal election, Australians have a plethora of promises to consider. We’ve found a very helpful comparison of the two major parties’ tax policies, released by The Tax Institute. To a large extent, the parties have sought to differentiate themselves through their tax policies. Their proposals present two […]

3 bookkeeping basics for small business owners

How much time do you spend bookkeeping each week? Recording, organising, and processing financial transactions – everything from accounts receivable and payable, to employee payments, expense receipts and supplier invoices. 10 hours? More? Effective bookkeeping is at the heart of a healthy business. But, done poorly, bookkeeping can be time-consuming and tedious.