Office Christmas Party

Guidance on JobKeeper Reporting via STP

The ATO has issued guidance to help employers reporting eligible employees and JobKeeper top-up payments through Single Touch Payroll (‘STP’).

Read more ...

Office Christmas Party

ATO Reminder for Employers – Finalise STP Data for 2020

The ATO has issued a reminder to employers who report through Single Touch Payroll (‘STP’) – which should be all employers, unless an exemption or deferral applies – that they will need to finalise payroll information for the 2020 income year by making a declaration.

Read more ...

Office Christmas Party

Keith Braved the Shave!

On Friday evening Keith shaved his luscious, slightly-greying locks in support of the World's Greatest Shave.

Read more ...

Office Christmas Party

JobKeeper Declaration Due 14 June

Businesses that have enrolled in the JobKeeper Scheme and identified their eligible employees are reminded that they will need to make a monthly declaration to the ATO to ensure they continue to receive JobKeeper payments.

Read more ...

Office Christmas Party

Our Office is OPEN FOR BUSINESS!

As of 1st June 2020 our office has reopened. We will continue to operate our normal operating hours of Monday- Friday from 8:30am to 5:00pm.

Read more ...

Office Christmas Party

ATO Reminder About Salary Packaged Super

The ATO has provided employers with a recent reminder that, from 1 January 2020, there has been a legislative change to ensure that when an employee sacrifices pre-tax salary in return for an additional concessional contribution into superannuation, it will not result in a reduction in the 9.5% Superannuation Guarantee (‘SG’) obligation their employer has even though doing so reduced their Ordinary Time Earnings.

Read more ...

Office Christmas Party

Small Business COVID-19 Adaption Grant Program

The Queensland Government has announced a new grant program to support small and micro businesses who have been highly impacted during the COVID-19 lockdown. The grant aims to see businesses adapt and sustain their operation, and build resilience. 

Read more ...

Office Christmas Party

SMSFs May Be Able To Offer Rental Relief To Related Party Tenants

As a result of the financial effects of the COVID-19 pandemic, some self-managed superannuation funds (‘SMSFs’) which own real property may want to give a tenant – who is a related party – a reduction in rent because the related party tenant has had a collapse in revenue.

Read more ...

Office Christmas Party

Act Now To Improve Your Cash Flow

After determining the current financial position of your business and preparing a cash flow forecast, you can take actions to improve your cash flows.

Improving cash flow, whether it be by getting more cash into the business or reducing cash leaving the business, or both, is fundamental to business survival. It should also put your business in a good position to take advantage of the recovery.

Read more ...

Office Christmas Party

Understand Your Current Financial Position

COVID-19 presents a significant threat not only to human health but also to business. However, businesses have an array of actions they could implement to manage through the COVID-19 pandemic. These actions could ensure its longevity and place it in the best possible position to take advantage of the recovery.

The more you understand your current financial position, the better choices you will make when during and moving forward after the pandemic. To be able to make the best possible decisions in a difficult environment, you need access to the most up-to-date information on the financial position of your business.

Read more ...

Office Christmas Party

Enrolment Extension - JobKeeper Scheme

The Commissioner has made a decision to extend the enrolment time limit for the initial JobKeeper periods, from the 30 April 2020 until the 31 May 2020.

Read more ...

Office Christmas Party

ATO on Property Investments

The ATO has reminded taxpayers in a property business or thinking about investing in property that there are things they should know.

Read more ...

Office Christmas Party

Working From Home Deductions - Shortcut Method vs Fixed Rate Method

The Australian Taxation Office has announced a temporary method for claiming deductions for working from home. It will allow people to claim 80 cents per hour for all their running expenses, rather than calculating costs for specific running expenses.

Taxpayers will have the choice between the new shortcut method and the old fixed rate method, known as the 52 cents method. This allows them to choose between simplicity and less record keeping, or choosing to prepare and keep records and possibly claim bigger tax deductions. 

Read more ...

Office Christmas Party

New Vacant Land Tax Measures

A new ‘vacant land’ measure limits the deductibility of costs incurred on or after 1 July 2019 (i.e., from the 2020 income year) that relate to holding vacant land, even if the land in question was first held before that date.

Read more ...

Office Christmas Party

Update: JobKeeper Payments & COVID-19 Support Measures as at 16.4.2020

Please see the updated summary documents.  

Read more ...

Office Christmas Party

New Laws Can Make Directors Personally Liable For GST

The government recently passed new legislation designed to strengthen laws to "crack down on illegal phoenixing activity by dodgy business operators who try to avoid their obligations to their customers, employees and creditors."

Read more ...

Office Christmas Party

New Super Guarantee Amnesty

On 6 March 2020, the government introduced a superannuation guarantee ('SG') amnesty.

Read more ...

Office Christmas Party

COVID-19 Update: JobKeeper Payments

Businesses impacted by the coronavirus will be able to access a subsidy from the Government to continue paying their employees. Affected employers will be able to claim a fortnightly payment of $1,500 per eligible employee from 30 March 2020, for 6 months.

Read more ...

Office Christmas Party

Updated: COVID-19 Support Offered as at 25.3.2020

The Australian Government continues to announce measures to support businesses impacted by the COVID-19. Please see below the current support offered as at 25 March 2020.

Read more ...

Office Christmas Party

Our office is closed, but we ARE still operating!

Due to the spread of COVID-19 we have decided to close our office to the public until further notice. We will however continue to work from the safety of our own homes.

Read more ...

Subscribe to our Newsletter