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Below are recent Blog posts.

June 2021

June 2021

What changes on 1 July 2021? Inside this month, what's changing on 1 July 2021, work from home expenses under scrutiny and the perils of browsing facebook, and how insurance proceeds are taxed.   Super guarantee rate increase to 10% On 1 July 2021, the...

May 2021

May 2021

Inside this month, we look at the new lifetime Director ID regime and what it will mean to existing and new directors, the impending CGT exemption for granny flat arrangements, and the questions we get on SMSF expenses and investments that are not at arm’s length.The...

Budget 2021-22

Budget 2021-22

Budget 2021-22: The Balancing Act Budget   The 2021-22 Federal Budget is a balancing act between a better than anticipated deficit ($106 bn), an impending election, and the need to invest in the long term.   Key initiatives include: Extension of temporary...

April 2021

April 2021

The 1 July 2021 superannuation changes Changes from 1 July 2021 will impact on how much money you can contribute to superannuation and how much you can have in your retirement phase superannuation account.   In general, your superannuation is either in an accumulation...

March 2021

March 2021

Why are some businesses returning JobKeeper to the ATO? Super Retail Group - owner of the Supercheap Auto, Rebel, BCF and Macpac brands - handed back $1.7 million in JobKeeper payments in January after releasing a trading update showing sales growth of 23% to December...

February 2021

February 2021

Jobkeeper, selling your business and new insolvency laws   The Final Stage Of JobKeeper And How To Access It   The impact of COVID-19 has been felt very differently from region to region. Fortunes vary wildly between business operators subject to ongoing...

JobMaker Hiring Credit – Rules Released

JobMaker Hiring Credit – Rules Released

The JobMaker Hiring Credit rules have been finalised and applications are now open. In brief Administered through STP, JobMaker provides a payment to employers of $200 per week for eligible new employees aged between 16 and 29, and $100 per week for eligible employees...

December 2020

December 2020

Extended December JobKeeper deadlines The ATO has extended the JobKeeper monthly business declaration deadline for the month of December until 28 January 2021 (from 14 Jan 2021).  This applies to the JobKeeper fortnights ending on 6 December 2020 and 20 December 2020....

November 2020

November 2020

JobMaker Hiring Credits: What We Know So Far What is JobMaker? JobMaker is a credit available to eligible businesses for hiring additional employees (not if you are merely replacing someone who left). The hiring credit is available for jobs created from 7 October 2020...

Budget 2020-21: Road to Recovery

Budget 2020-21: Road to Recovery

The 2020-21 Federal Budget is a road to recovery paved with cash.   Key initiatives include: Personal income tax cuts from 1 July 2020 A $4 billion 'JobMaker' Hiring Credit to encourage businesses to take on additional employees aged 16 to 35 years old $110...