The ATO on COVID-19 fraud warpath, 3 million individuals in data matching program, funding for the arts: what’s available and how can you get it, minimum wage increases by 1.75%, and increased flexibility for Parental Leave Pay for self-employed Click here to view...
Yesterday, the Government announced the $680m HomeBuilder grant. Administered through State and Territory governments, grants of $25,000 are available to individual residential home builders and renovators. Click here to view the HomeBuilder...
The ATO’s JobKeeper targets, what's changing on 1 July 2020, and have casual workers been granted annual leave? What’s changing on 1 July? Company tax rate reduces to 26% for base rate entities $150k instant asset write-off scheduled to reduce back to $1,000...
With all the recent stimulus packages the government has annouced it is proving to be a minefield to understand what they are and what you are entitled too. Below is a link to a detailed guide to all the current stimulus packages, outlining the who, what, where and...
The Government yesterday released a $130 billion JobKeeper payment. More infromation: Treasury fact sheets Treasurer's media release ATO intent to register for JobKeeper What we dont know Detail of exactly how the turnover reduction will be calculated How...
The Government yesterday released a second, far reaching $66.1 bn stimulus package that boosts income support payments, introduces targeted changes to the superannuation rules, provides cash flow support of up to $100,000 for small business employers, and relaxes...
The Government has announced a $17.6 billion investment package to support the economy as we brace for the impact of the coronavirus. The yet to be legislated four part package focuses on business investment, sustaining employers and driving cash into the...
The impact on business of COVID 19 and the importance of planning for setbacks beyond your control. FBT problem areas, and getting your payroll right. Click here to view the March 2020...
The main residence exemption changes – will you pay tax on your home? Plus, bushfire support – what help is available. And, the ATO attempts to catch tax cheats with insurance data on luxury assets. Click here to view the February 2020...
The December Update covers the following topics: Black Friday and Cyber Monday sale concepts hit Australia - the history, implications and impact. Plus, the 5 things that will make or break your client's business. And, how the new super guarantee opt out works, and...
The vacant land deduction changes that will hit Mum & Dad property developers, the Government's move to push through plan to deny non-residents the main residence exemption, the changes to how SG is calculated for certain employees, can the ATO take...
The October Update covers the following topics: 1 SUPER GUARANTEE AMNESTY RESURRECTEDWhen does the amnesty apply?Qualifying for the amnestyWhat do employers pay under the amnesty?What happens if you do not take advantage of the amnesty? Where...