OUR SERVICES
Good Accounting and Bookkeeping process can reduce your business cost. At Novo Accounting, our professional accountants will do all the hard work to allow you to concentrate on growing your wealth. Our service covers Bookkeeping, Payroll, Bank Reconciliation…
Maximise your tax return can help your cash flow. Cash flow is the key to your business. We Offer the best in the management of tax requires flexibility, value for money, run on the board and most importantly the ability to maximise your tax return…
Business success starts with good business plan. Your business is ours. We take time to understand your business and objectives in order to provide service that is relevant to your decision making. Our service will empower your business model to success…
PROFESSIONAL WORK
With our local experienced and proactive team, you can trust that you are in the best hands with the latest accounting/bookkeeping techniques to help you not only manage your accounting and taxation matters but more importantly to grow your wealth.
ONE-STOP SHOP
We are the one-stop shop for all your business needs. We always look for a better and effective ways to maximise your Tax Refund, Bookkeeping, Set Up a new business with an advanced business model to have a head start. Your goal is our mission.
VALUE FOR MONEY
At Novo Accounting, we provide a fair and competitive price with the professional and transparent service. You know exactly what you are getting with no hidden fees, together with our professional and effective services, our service is definitely value for money.
The Pandemic Productivity Gap
The Pandemic Productivity Gap A recent article published in the Harvard Business Review by Bain & Co suggests that the pandemic has widened the productivity gap between top-performing companies and others stating, “Some have remained remarkably productive during...
FBT 2021: Tax & Employee Benefits
FBT 2021: Tax & Employee Benefits Fringe benefits tax (FBT) is one of Australia’s most disliked taxes because it’s cumbersome and generates a lot of paperwork. The COVID-19 lockdowns have added another layer of complexity as many work patterns and behaviours...
COVID-19 Vaccinations and the Workplace
COVID-19 vaccinations and the workplace The first COVID-19 vaccination in Australia rolled out on 21 February 2021 preceded by a wave of protests. With the rollout, comes a thorny question for employers about individual rights, workplace health and safety, and...
Why are some businesses returning JobKeeper?
Why are some businesses returning JobKeeper? Super Retail Group - owner of the Supercheap Auto, Rebel, BCF and Macpac brands - handed back $1.7 million in JobKeeper payments in January after releasing a trading update showing sales growth of 23% to December 2020....
Winding-up: Simplifying small business insolvency
Winding-up: simplifying small business insolvency On 1 January 2021, new laws came into effect that introduce a new, simplified debt restructuring and liquidation framework for small business.Drawing on key features of the Chapter 11 bankruptcy model in the United...
Sole Trader Granted Access To JobKeeper With Backdated ABN
sole trader granted access to jobkeeper with backdated ABN A sole trader who was able to backdate his ABN has won access to JobKeeper payments in a recent case before the Administrative Appeals Tribunal (AAT).To be eligible to access JobKeeper as a business...
The Final Stage Of JobKeeper And How To Access It
the final stage of jobkeeper and how to access it The impact of COVID-19 has been felt very differently from region to region. Fortunes vary wildly between business operators subject to ongoing lockdowns and trading impediments to those benefiting from the "new...
How To Sell Your Business
How to Sell your business We’re often asked the best way to sell a business. There are two key components at play in the sale of a business; structuring the transaction and positioning the business to the market. Both elements are important and can significantly...
Question Of The Month – Tax on COVID-19 Grants
$1500 JobKeeper Subsidy to Keep Staff Employed My business received a grant from the State Government. Do I pay tax on it? Short answer; probably. Income tax - Grants are likely to be taxable unless they are specifically excluded from tax. If the grant relates...
