The Government has now passed the JobKeeper Extension 2.0 on Tuesday the 1/9/2020 to cover the 6 month period from 28 Sept 2020 to 28 March 2021. The eligibility rules and rates have changed, so each and every business should re-test both their e...
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The NSW State Government has announced a grant of up to $10,000 for eligible small businesses highly impacted by the COVID-19 social distancing restrictions issued on 30 March 2020. The grant is for “unavoidable business expenses” such as utili...
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Tax Free credits will be made by the ATO ranging from a minimum of $20,000 up to a cap of $100,000 for small businesses with an annual turnover of under $50M. The ATO will be notifying businesses as from the March 2020 quarterly BAS or March mont...
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Businesses significantly affected by the COVID-19 pandemic can access a wage subsidy scheme from the Federal Government to continue paying their employees with the aim of keeping people in their jobs until the crisis has ended. It's the new JobKe...
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From 12th March 2020 the Federal Government's Economic Stimulus Package has increased the immediate write off of eligible assets from $30,000 to $150,000 (new or used) purchased by 31 December 2020 by businesses with a annual turnover of under $5...
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The NSW State Government Premier, Gladys Berejikian, announced in March 2020 that the NSW State Government will assist eligible employers through the tough economic slow down caused by COVID-19 pandemic. One of the measures offered to business is...
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If you receive an email or phone call from someone suggesting they are from the ATO, please check their credentials first. The latest round of tax scams involve impersonators demanding cryptocurrency (such as Bitcoin and Altcoins) as a form of ta...
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Does your business provide fringe benefits of any type to its employees or their associates? The FBT year runs to the 31st March and requires the preparation of an FBT Tax Form declaring all taxable benefits, even where they are reduced to nil by...
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Do you employ staff? If the answer is "yes", then you will need to contact your software provider and start preparing for the 1 July 2019 mandatory start date with respect to reporting 'year to date' figures for gross, tax and Superannuation liab...
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The Tax Agent and BAS Portals now have access to the Small Business Superannuation Clearing House ("SBSCH). The SBSCH is only for employers with 19 or fewer staff with an aggregate turnover of less than $10M (this could change after the May 2018 ...
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