News & Updates

The Queensland Government is extending the Small Business COVID-19 Adaption Grant Program – applications will open on Wednesday 1 July 2020 with grants of up to $10,000 available. As part of Stage 2 of Queensland’s Economic Recovery Strategy – Unite and Recover for Queensland Jobs, up to $100 million is being made available to deliver […]

The end of financial year (EOFY) will look very different this year than previous years. Australian small businesses have done it tough in recent months, with forced closures in entertainment, beauty, hospitality, tourism and an overall lack of consumer and business cashflow. While we’re not expected to see the full impacts of economic downturns and […]

HomeBuilder scheme offers $25k for home renovations The Federal Government has unveiled its HomeBuilder package, offering a tax free grant of $25,000 to eligible home owners to build or substantially renovate their homes. With the announcement of the latest stimulus package estimated at a total of $680 million, the Government is expecting about 27,000 homeowners or builders […]

Small businesses in Queensland can now apply for grants worth up to $10,000 under a new $100 million support package announced this week by the Queensland Government. The COVID-19 Adaption Grant Program has been developed to assist those small businesses forced into hibernation, to restructure or to significantly change their business operations or move online. Please note the […]

The outbreak of the coronavirus has impacted people in varying ways on an international scale. It is now more important than ever to actively manage your wellbeing by maintaining routines where possible, connect with family and friends (even if not in person), staying physically active, eating nutritious foods and seeking additional support by contacting professional support as required. […]

The Australian Government has announced several stimulus initiatives to support sole traders, including the Coronavirus Supplement, the JobSeeker payment, the JobKeeper payment, early access to superannuation and the Instant Asset Write-Off purchase incentive. Summary  The Coronavirus Supplement- is an ongoing $550 payment, delivered fortnightly. You should enquire with Centrelink about the relevant income tests that apply to your […]

The Queensland Government’s $4 billion emergency relief package to support Queenslanders, the business community and the industries has been passed by Parliament tonight. Deputy Premier and Treasurer Jackie Trad said the Appropriation (COVID-19) Bill 2020 provides additional funding of more than $4 billion over two years to protect Queensland during the coronavirus pandemic. The economic […]

The Australian Government has passed legislation for the $1,500 per fortnight JobKeeper support payment for eligible employers, sole traders and other business owners amid the coronavirus. Key Action Points Check your eligibility for JobKeeper payments. Note Employers, Sole Traders & Other Business owners (Company Directors/Shareholders and Trust beneficiaries) are all potentially eligible. Employers confirm your eligible […]

Fresh new farmer’s market – starts this weekend! EVERY Sunday from 19 April, Markets in the Meadow will host a comprehensive farmer’s market at Aquis Park, Racecourse Road Bundall. 6am-11.30am Racecourse Drive, Surfers Paradise, Gold Coast, Queensland 4217 Free parking Glorious coastal open-air; is there a safer place to shop? Support the local Queensland and […]

The Queensland and New South Wales government both recently announced land tax relief for commercial and residential property owners who agree to provide rent relief for tenants affected by COVID-19. The relief includes a 25% rebate of land tax for 2019/20 and a three-month deferral of land tax for 2020/21. Queensland: Eligibility for the land […]

During these unprecedented times, we want to keep you informed with the latest news and updates. With the announcement of the Federal Government’s extraordinary $130 billion stimulus package (JobKeeper Payment) on March 30, it now brings the total amount of stimulus to $320 billion – representing 16.4 per cent of annual GDP. Please see below the summary of […]

The economic impacts of COVID-19 (coronavirus) pose significant challenges for many businesses – many of which are struggling to retain their employees. On Monday the Government announced a $130 billion package to support around 6 million Australian workers. Under the JobKeeper Payment, businesses significantly impacted by the COVID-19 outbreak will be able to access a […]

COVID-19 is causing businesses around the world to experience major falls in demand for their products and services. To help your business withstand and recover from the economic impacts of Coronavirus, new measures and other assistance options are now in place to help you. The Queensland Government has opened applications for the $500 million COVID-19 Jobs […]

With these unprecedented times of the COVID-19 pandemic, the Federal Government has announced a second economic stimulus package worth $189 billion. But what does this mean for retirees and pensioners? Read on to find out what’s in the Economic Stimulus Package to help retirees and pensioners. Cash payments to lower income households Reduction of pension […]

During this unprecedented time, we are continuing to monitor the impacts of COVID-19 (Coronovirus) pandemic. We want to keep you informed with the Federal Government’s latest news and updates. At Crest, our highest priority is the health and well-being of our people, our clients and our community. Our response measures to COVID-19 (Coronavirus) are aligned with the […]

RBA has reduced the cash rate to 0.25% 19 March 2020 In an emergency meeting held this afternoon, the Reserve Bank of Australia has delivered a second consecutive cut in less than 3 weeks slashing the cash rate to a new record low of just 0.25 per cent in response to the worldwide COVID-19 (Coronavirus) […]

At Crest Accountants, our highest priority is the health and well-being of our people, our clients and our community. Our response measures to COVID-19 (Coronavirus) are aligned with the advice provided by the Australian Government Department of Health. 17 March 2020 Prevention Our people have been advised when in and out side of the workplace […]

Exciting News! On Thursday 12 March 2020 Crest Accountants moved into their new office building located at 4 Miami Key, Broadbeach Waters QLD 4218.  Since opening for business our clients loyal support has helped us grow, this new premises will provide spacious client meeting rooms and ample designated parking facilities for clients onsite. We look […]

A proprietary limited company structure is one of the most common structures for businesses. It offers a lot of benefits such as concessional tax rates and limited liability. It is often thought that when a company becomes insolvent, then you can simply liquidate the company and walk away from unsecured creditors however this is not […]

Technology and its constant progression is great for business and managing business accounting and financial requirements. However, technology is exactly that – always changing, with many online systems becoming outdated. How you access the Australian Taxation Office (ATO) Business Portal is changing from the end of March 2020. Read on to find out more on […]

It was such an incredible afternoon at Robina’s  Australian Red Cross Lifeblood Donor Centre! Big thank you to the amazing staff who looked after us. Lifeblood team Crest Accountants are very proud to support the Lifeblood campaign which is a life-saving social responsibility program where workplaces, community groups, and universities around Australia unite to save […]

More and more women are going into business for themselves. In fact, according to the Australian Bureau of Statistics, women now operate one-third of all Australian small businesses, with a 46% increase in women-led businesses in the past two decades – talk about ‘girl power!’ As this number continues to grow, so does the importance […]

New Year’s Resolutions – we all make them. Whether we keep them or break them though, that’s another story… Health, relationships and fitness related resolutions seem to be the most common, but what about our business and finances? Shouldn’t we be considering those too? We should! How do we expect our business or financial situation […]

Christmas time is when we spend quality time with those who matter most. We do this by giving meaningful presents and celebrating the end of the year. However, it’s also a time where we find ourselves spending more than just time, but a lot of money. Yep, there’s more than one type of hangover occurring […]

Do you love Christmas and the holiday season, or would you rather push through your work all year round? Christmas and the holiday season are great for employees to refresh themselves before a brand-new year gets underway and get the chance to be merry with friends and family festivities. But what about your business? How […]

This October NBCF’s Pink Ribbon Breakfast aims to raise $1.5 million to fund research into the effective prevention, detection and treatment of breast cancer. NBCF is working towards one goal: zero deaths from breast cancer by 2030. As sadly 53 Australians are diagnosed each and every day, more than 3,000 Australians will lose their life […]

The 2019 Women in Finance Awards are dedicated to recognising the outstanding women shaping and influencing the financial services industry. This year, Crest Accountants very own Senior Accountant Nicole Amaya was nominated for the category ‘Accountant of the Year’ by a fellow colleague. Nicole was nominated due to her exceptional work ethic, commitment and passion […]