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Showing posts from July, 2022

HOW CAN SMALL BUSINESSES REDUCE TAXES?

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 Hello there, I had been worried about the tax season as a business owner. I had not known how the business taxes are files as my father used to look after the financial matters in the company while I was working on business development and marketing. He retired last year and went for a long vacation. So, I am worried that I might end up making mistakes and spending a lot more on taxes than I need to. I have been working with the bookkeepers to know about all the taxes that need to be paid and the deductions that can be claimed. It is challenging but we are getting there. Here is an article that will tell you all about it.   https://www.agibookkeeping.com.au/how-can-small-businesses-reduce-taxes/

Creditors looking to wind up Victory Offices owed $3.5m in overdue debts

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 Two creditors owed more than what Victory Offices (ASX: VOL) is worth have applied to the Victorian Supreme Court to have the co-working and serviced offices operator wound up. As per court documents obtained by Business News Australia, Victory Offices owes two creditors $3.5 million in total - at least $985,269 of which is unpaid rent and associated interest which was due and payable to retirement village operator Zig Inge Group at least since 16 May 2022. This compares to VOL's market capitalisation which was $2.84 million at the close of trade yesterday. The remaining $2.5 million is owed to Maia Financial - a subsidiary of KKR & Co and HPS - which will have a representative appear before the Supreme Court at a hearing into the winding up matter on 13 July. Read More: https://www.businessnewsaustralia.com/articles/creditors-looking-to-wind-up-victory-offices-owed--3-5m-in-overdue-debts.html

SEEK Investments commits $20m to casual staffing platform Sidekicker

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 Casual and temporary staffing platform Sidekicker has secured $20 million in funding from Seek Investments as it adapts to the significant increase in demand in the space following the lifting of lockdown measures across Australia and New Zealand.   Currently placing an average of 2,500 workers, known as sidekicks, into jobs each week, the Melbourne-based company aims to help businesses experiencing worker shortages due to the pandemic's ongoing effects on the labour market. Sidekicker CEO Thomas Amos, who co-founded the company with Jacqui Bull in 2013, said that the company’s continued growth is due to businesses switching from traditional hiring models and turning to platforms like Sidekicker. Read More: https://www.businessnewsaustralia.com/articles/sidekicker-raises--20m-as-it-seeks-out-new-opportunities-for-growth.html

Victorian regulators hit Crown with fresh disciplinary proceedings over gambling services

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 Two months after the Victorian Gambling and Casino Control Commission (VGCCC) slapped resort and casino operator Crown Resorts with an $80 million penalty for evading anti-money laundering rules, the company is back in the hot seat and facing fresh disciplinary proceedings from the regulator. This time, the VGCCC has commenced proceedings against Crown Melbourne in relation to its Responsible Services of Gambling obligations, alleging the company’s failures caused “thousands” of vulnerable patrons to be affected. The proceedings stem from the Victorian Royal Commission into Crown, which found the company committed multiple breaches in delivering its Responsible Gambling Code of Conduct. Read More: https://www.businessnewsaustralia.com/articles/victorian-regulators-hit-crown-with-fresh-disciplinary-proceedings-over-gambling-services.html