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 […]
This author has not written his bio yet.
But we are proud to say that synecticgroup contributed 99 entries already.
Entries by synecticgroup
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.
Federal and state governments have announced various measures to support the economy in the wake of the impact of COVID-19. In this summary, we address the key announcements to date, including Tasmanian state government and ATO support.
In 2019, three of our valued staff celebrated a combined 45 years with Synectic! Thank you and congratulations to Naomi, Kim and Vaughn.
We are delighted to announce that Wayne and Fiona Kernan and their staff at Kernan & Co Chartered Accountants have merged with Synectic.
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 […]
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.
Fringe benefits tax (FBT) is a tax paid by employers on specific benefits provided to employees (and their families). Benefits commonly provided to employees include company vehicles, car parking, low interest loans, and living-away-from-home allowances. FBT places the tax burden on the employer rather than the employee, which can be an attractive arrangement for many […]
Did you know that employers registered for GST can claim GST credits for reimbursements made to employees? Here’s a quick run-down on what qualifies, what doesn’t, and how to claim.
This month we have some simple tips to get the cash flowing in your business, and an update regarding Single Touch Payroll. Vaughn shares his thoughts on Artifical Intelligence and how it might impact our personal lives, and we ask you to think about where your superannuation death benefits will go when you pass away (it’s probably not your favourite topic, […]
Synectic is a Chartered Accounting and Advisory firm that brings together the skills of business advisers, accountants, taxation experts, financial planners, auditors, and self-managed superannuation experts.
Our team operates Tasmania-wide from Devonport, Hobart and Launceston offices.
Our mission is to enhance the prosperity of our people, clients and community. We offer the depth of knowledge, specialist skills and resources usually associated with much larger firms. Yet our size, availability and flexibility enables us to develop an in-depth understanding of your business and financial affairs. You can count on us.
A: 49 Best Street, Devonport
P: (03) 6424 1451
A: 30 Burnett Street, North Hobart
P: (03) 6239 4900
A: Level 3, 46 St John Street, Launceston
P: (03) 6337 6777
M: PO Box 6003, Devonport, TAS, 7310
Liability limited by a Scheme approved under Professional Standards Legislation.