Australian Federal Budget 2021 - Business Implications
Thursday May 13 2021
The Treasurer presented the Australian Federal Budget for 2021 and as anticipated there are a number of announcements of particular interest for business owners. 1. Outright Deduction of Capital...
Its time to make the December 2020 Super Contribution - Don't risk being late
Friday January 15 2021
Your quarterly superannuation guarantee (SG) contribution lodgement and payment is due this month. Remember the payment must be made in time to reach your employees superannuation fund by the 28...
Budget 2020 - Implications for Business
Wednesday October 07 2020
Last night the Government handed down the 2020/21 Federal Budget. As we expected this budget is focused on creating jobs through personal tax cuts, business incentives and job creation...
Budget 2020 - Implications for Individuals
Wednesday October 07 2020
Last night the Government handed down the 2020/21 Federal Budget. As we expected this budget is focused on creating jobs through personal tax cuts, business incentives and job creation...
JOBKEEPER 2 - CAN YOU GET IT AND IF SO WHAT DO YOU NEED TO DO
Friday September 25 2020
The legislation for the JobKeeper extension has now been passed and we have more clarity on eligibility and practicality. Remember even if you did not qualify for JobKeeper previously you can st...
Guide to most common mistakes made at 'Tax Time'
Thursday August 13 2020
As Tax Time 2020 has started the Australian Tax Office reminds us of the most common mistakes taxpayers make in preparing their income tax returns.These mistakes include: forgetting to...
JobKeeper Extension Conditions & Eligibility
Monday July 27 2020
On July 21, the Australian Government announced an extension to the Existing JobKeeper Payment. This extension will apply in two separate phases and is targeted at those businesses that have...
Business Year End Planning
Thursday June 25 2020
Businesses like to review their tax position at the end of the income year and evaluate any year-end strategies that may be available to legitimately reduce their tax. Traditionally,...
Year End Tax Tips for Individuals for 2020
Thursday June 25 2020
As we approach the end of the tax year there are some things to bring to your attention. Many of these you will know from prior years however there are some changes. In particular...
Proposed Residency Rules as issued by the Board of Taxation
Wednesday February 05 2020
In March 2019 the Board of Taxation delivered to the Treasurer it’s preferred model for simplifying the rules around the determination of individual residency. The proposed rules aim to...