Formic Advisory in Melbourne, Victoria, Australia | Accountant

Formic Advisory

Locality: Melbourne, Victoria, Australia

Phone: +61 3 8691 3196

Address: Level 8, 350 Collins Street 3000 Melbourne, VIC, Australia

Website: http://www.formicadvisory.com.au

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• Tax preparation service
• Accountant
• Financial service
• Financial consultant

24.01.2022 TAX CUTS ARE ON THE WAY Tuesday night saw the Federal Budget handed down by the Morrison Government - and boy did they have the chequebook out! (For those under the age of 25, Google that). First and foremost on the agenda: Personal tax cuts! Those earning up to $45k can expect an extra ~$20 in their weekly pay, and those earning up to $120k a further $26 on top of that.... Just in time for Christmas too...

17.01.2022 MORE MONEY FOR VICTORIAN BUSINESSES Although it is clearly not yet "time to get on the beers", Dan Andrews & Tim Pallas this week unveiled yet MORE support for struggling Victorian businesses, to the tune of $3 billion. Extension of payroll tax relief... Targeted support for licensed bars and venues Another expansion of the Business Support Fund, worth $10-$20k to eligible employees $20m for small businesses to "build their digital capabitility" (whatever that means - presumably sprucing up your website and/or e-commerce infrastruture) Grants of up to $3,000 for sole traders

13.01.2022 MORE MONEY FOR VICTORIAN BUSINESSES! The Victorian Government has announced ANOTHER rescue package, this time $143m for businesses directly impacted by the recent 5 day "circuit breaker" action. Lost bookings... Perished food Hospitality More travel vouchers More details coming soon. When in doubt, talk to the team at Formic Advisory

07.01.2022 MORE GRANTS - THIS TIME, FROM... FACEBOOK??!! Yes you read that right - we flagged this a couple of months ago, but Facebook has officially come to the party with grants for small businesses. - $4,000 cash grants (whether your business has a Facebook page or not!)... - Optional $2,400 ad credits What's the catch?! - Only available to specified suburbs in Sydney/Melbourne - It's a "competitive" process (ie not a free-for-all - it'll be "judged") - Been in business for over a year - Must have between 2 and 50 employees as of 1 January 2020 If your accountant isn't telling you about these things - isn't it about time you found one that did??!! Talk to the #smallbusinessexperts at Formic Advisory.

06.01.2022 STAGE 3 GRANTS INCOMING... OR ARE THEY? The application process is officially open, for the Third Stage of the Victorian Government Business Support Fund. Businesses with up to $10m payroll can access grants up to $20,000...but only for those in specified industries. A list of eligible industries is below and spoiler alert... It isn't as broad as you might have hoped.