On Friday afternoon, (24/04) the Government announced further changes to the JobKeeper program, and clarified some rules. We have highlighted them below: GST turnover: Cash vs accruals – Everyone can choose! After the rules initially suggested that everyone was...
New South Wales In a move many have been expecting, NSW has followed the other states and announced a number of measures to assist small business. This is likely the first wave of measures, with more likely to come as the situation progresses. As with other...
The Fringe Benefits Tax (FBT) year ends on 31 March. We’ve outlined the hot spots for employers and employees. FBT updates and problem areas Car parking under scrutiny Motor vehicle problem areas Mismatched FBT and income tax amounts Mismatched information for...
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 economy. For...
It has been a big week in parliament. This update is important for any directors as their personal liability for company activities has increased. From 1 April 2020, company directors will be personally liable for any unpaid GST, luxury car tax (LCT) and wine...
