The average debtor days for accounting firms is significantly higher than the average for other sectors. Fortunately, there are simple ways for accountants to reduce debtor days and improve cash flow.
Industry news, articles and advice from the Delphi Accounting Group
The challenge set for the Treasurer in this Budget was to deliver a plan to jumpstart the economy out of hibernation, by encouraging jobs, investment and household spending.
The first tranche of JobKeeper ended on 27 September 2020. We look at the issues for those seeking to qualify for the second tranche of JobKeeper and for those no longer eligible.
Further details released on the Victorian Government two new support packages delivering over $3 billion in “cash grants, tax relief and cashflow support.”
The legislative instrument confirms that the updated versions of the alternative tests should be used in determining whether an entity passes the original decline in turnover test for JobKeeper fortnights starting on or after 28 September 2020 as well as determining whether an entity passes the new additional decline in turnover tests to access the JobKeeper extension from 28 September onwards.