JobKeeper 2.0 Announcement

Today, the Federal Government announced a six-month extension of the JobKeeper Payment Scheme until 28 March 2021. The current JobKeeper Payment Scheme will continue to operate as originally legislated until 27 September 2020 with no changes made to the current eligibility for businesses.

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Business Masterclass – Frydenburg and the Future

  • Post Category:News / Tax

Come and join us for breakfast as part of the Business Masterclass Series. This event will feature thought provoking comments following the Federal Governments Economic and Fiscal Update presented by Federal Treasurer, Josh Frydenbur.

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WA State Payroll Tax Relief
A man holds the word Support. Providing business assistance and support at all stages of startup development. State financial assist, tax breaks relief. Psychological help. Subsidies.

WA State Payroll Tax Relief

  • Post Category:News / Tax

The Western Australian Government has announced a range of payroll tax measures to support businesses impacted by COVID-19.

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Deductions For Superannuation Contribution Payments

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With employers required to be Super Stream compliant, a variety of Superannuation Clearing Houses are available to pay superannuation contributions for employees to their employees’ respective superannuation funds.

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$150K Instant Write Off
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$150K Instant Write Off

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In our 12 March article, we advised that the Federal Government had announced a depreciation incentive to support business investment in response to Covid 19.

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What’s New? Fringe Benefits Tax in 2020
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What’s New? Fringe Benefits Tax in 2020

  • Post Category:Tax

The ATO have stated they will not start penalising businesses until 30th September 2019 for non-compliance with STP requirements, as such if you have employees and are not yet setup for STP we suggest this is rectified as quickly as possible.

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Draconian changes to taxing of SMSF’s

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The ATO have stated they will not start penalising businesses until 30th September 2019 for non-compliance with STP requirements, as such if you have employees and are not yet setup for STP we suggest this is rectified as quickly as possible.

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Netflix, Australian Tax and the Digital Economy

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Despite generating approximately $600 million to $1 billion in revenue in Australia during the 2018 calendar year, Netflix Australia paid only $341,793 in tax. That equates to no more than a 0.05% effective tax rate.

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Commercial Debt Forgiveness – What is Love and Affection?

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The ATO have stated they will not start penalising businesses until 30th September 2019 for non-compliance with STP requirements, as such if you have employees and are not yet setup for STP we suggest this is rectified as quickly as possible.

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Single Touch Payroll – Deadline Fast Approaching

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The ATO have stated they will not start penalising businesses until 30th September 2019 for non-compliance with STP requirements, as such if you have employees and are not yet setup for STP we suggest this is rectified as quickly as possible.

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