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We all would like to reduce our tax exposure and minimise risk of an audit by the regulators. With the end of the financial year fast approaching, this update will help you do exactly that: Summary...
The ATOs new stance on trusts and trust distributions
The ATOs new stance on trusts and trust distributions The ATO has released a package of new guidance material that directly targets how trusts distribute income. Many family groups will pay higher...
Fringe Benefits Tax 2022
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 Assistance and benefits provided due to COVID-19 Working...
NSW Business Support
The NSW Government has announced a $1bn support package for struggling NSW small businesses. Acknowledging the difficulty that business operators have faced, the NSW Treasurer Matt Kean has...
What lockdown support is available in Victoria?
Support is available for you if you are impacted by the Victorian lockdowns. A new series of grants have been announced to support Victorian business. Here’s what we know so far: $5,000 Business...
What lockdown support is available to NSW business?
If your business has been adversely impacted by the recent lockdown in NSW, support is available. The NSW and Federal Governments have announced a series of new measures to support business during...
What lockdown support is available to individuals?
If you can’t work because you or someone in your household is impacted by COVID-19, there is support available, but it comes with fairly strict eligibility criteria. There are two payments...
Important EOFY 2021 information for Individuals
Our 2021 EOFY update and actions for individuals will give you an overview of tax changes and some actions you can take to reduce your tax exposure and minimise risk of an audit. Many of the...
We all would like to reduce our tax exposure and minimise risk of an audit by the regulators. This end of financial year update outlines the actions to take to do exactly that: Summary of key...
What you need to know about FBT 2021
FBT 2021: What you need to know Is your business at risk of a nasty Fringe Benefits Tax surprise? We’ve outlined the ATO’s ‘red flags’ for employers and employees. FBT updates and problem areas...
Record Keeping – in brief
Special guest post by Tom Scrutton Keeping records is extremely important for both business owner and taxpayers. The good news these days is that you can maintain soft copies of most of your...
JobKeeper 2.0 Announced
The second tranche of the JobKeeper scheme changes the eligibility test for employers and the method and amount paid to employees. If your business currently receives JobKeeper, your arrangements...