Tax & ATO Updates

Posted On: June 18, 2020

Newsletter – June 2020

The latest edition of our newsletter containing timely and informative articles about a range of business and accounting issues.

Posted On: June 10, 2020

Superannuation guarantee amnesty bill passed by Parliament

The superannuation guarantee amnesty has passed parliament and provides a number of incentives for employers to pay any unpaid historical SG amounts. But you only have a short time to take advantage.

Posted On: May 1, 2020

Newsletter – May 2020

The dominating factor in all our lives at the moment is of course COVID-19. We look at issues that may change the normal deductions taxpayers can make for working from home, plus examine details of the new JobKeeper scheme that both employers and employees will need to know.

Posted On: April 22, 2020

JobKeeper Snapshot – 7 Steps to Apply

Here is a 7 Step summary of what you need to do to claim JobKeeper payments for April.

Posted On: April 9, 2020

JobKeeper Payment – Frequently Asked Questions

The JobKeeper program has been spoken about for a week or more now, and it was finally legislated yesterday, but still there are many questions in regards to how it will work and who is eligible. We do not have all the answers yet, but here are many FAQs answered, watch this space for more answers as we get them.

Posted On: April 3, 2020

NSW Government $10,000 grant announced for small business

The NSW government has joined the Federal government in offering financial assistance to small businesses impacted by COVID-19. The basic details of the grant are in this article with specifics to follow when it is legislated.

Posted On: April 1, 2020

Newsletter – April 2020

The overwhelming issue of the day is of course the coronavirus. The government's stimulus package launched in response to the crisis is welcome. We spell out what this means for different taxpayers, and how the measures will work. Also in this issue we examine the superannuation guarantee amnesty, an interesting quirk of the FBT rules regarding e-bikes, and the important choice of trustees with an SMSF.

Posted On: March 30, 2020

$1,500 JobKeeper subsidy to keep staff employed

Yesterday the Government announced the $130 billion JobKeeper payment plan. The payments are to be made by the ATO in arrears to the employer with the payments starting in May. But how does this work and who is eligible? This article cover what we know currently, but there are a number of details that we do not know until the legislation is released including how the turnover reduction will be calculated and how sole traders, contractors, partners in partnerships will access the subsidy.

Posted On: March 24, 2020

How to apply for Jobseeker Payment (formerly Newstart Allowance)

We have all seen the images of the long lines of people queueing outside Centrelink offices to apply for assistance. But there is another way - here is how to apply online.

Posted On: March 23, 2020

The Second $66.1 bn Stimulus Package: What You Need To Know

The Government has released a second, far reaching, stimulus package. Here are the details of it.

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