Thursday, April 9, 2020
JobKeeper Payment details still not available Yesterday, the Coronavirus Economic Response Package (Payments and Benefits) Bill 2020 was introduced and passed both Houses of Parliament. Unfortunately, it did not contain the finer detail of how the JobKeeper Payment Scheme (‘the Scheme’) will operate. What it did was set up a framework including giving the […]
Read More >Tuesday, March 31, 2020
Do you or your business need help? If you or your business need help with your financial arrangements during this difficult time, we can help you to work out which of the many coronavirus (COVID-19) related payments, concessions and arrangements apply to you, and how you can best make use of them. Contact us today. […]
Read More >Thursday, March 26, 2020
In addition to recent announcements by the Government concerning the Coronavirus and the health and safety of our community we wish to assure you that we are committed to supporting and working with our clients, staff, and their families during these testing times. We will be facing new and different changes on a daily basis […]
Read More >Friday, March 6, 2020
loopholes closed The concept of a superannuation guarantee – the legal requirement for your employer to contribute 9.5% of your salary into a nominated super account – should be familiar to everyone, as it makes up the bulk of most people’s future retirement income. You may also salary-sacrifice amounts of your salary to put extra […]
Read More >Monday, January 13, 2020
Here’s Why You Should Never Shorten 2020 To 20 On Legal Documents When you sign and date legal documents this new year, it would make sense to shorten 2020 to 20, wouldn’t it? Apparently not, according to law enforcement, who are warning that this habit could put you at major risk of fraud. The problem […]
Read More >Tuesday, December 10, 2019
ATO debts may affect your credit rating Businesses with tax debts need to be aware that the ATO will now be able to disclose the details of their tax debts to credit ratings agencies, which could potentially affect the ability of the business to obtain finance or refinance existing debt. Generally, only businesses with an […]
Read More >Monday, November 25, 2019
Director Penalty Notices for GST coming soon! Parliament is currently considering legislation to include GST in the Director Penalty Notice Regime, and it could come into effect as soon as January 1 2020. A Director Penalty Notice is a Notice that the Australian Tax Office (“ATO“) can send to a director that can make that […]
Read More >Friday, November 8, 2019
Getting the benefit of your business tax losses When you’re starting a new business venture, it may take some time before the business becomes profitable. And there may be other situations where an established business operates at a loss in a particular year. So, what does this mean tax-wise? When your deductions in an income […]
Read More >Tuesday, September 10, 2019
Warning to watch out for myGov and ATO tax scams The government’s Stay Smart Online website warns there has been a surge in scammers impersonating myGov and the ATO to trick people into giving them money or personal details. These scams can take the form of emails, text messages and fake myGov login pages. In […]
Read More >Friday, June 21, 2019
Tax planning With the end of the 2019 income tax year upon us, this issue draws attention to year-end tax planning strategies and compliance matters that you need to consider to ensure good tax health. It focuses on the most important issues for small to medium businesses and individuals to consider. Tip: This is general […]
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