Superannuation
YourSuper comparison tool
The YourSuper comparison tool will help you compare MySuper products and choose a super fund that meets your needs. It was introduced on 1 July
Here’s a sneak peak at what our experts have been busy preparing…
The YourSuper comparison tool will help you compare MySuper products and choose a super fund that meets your needs. It was introduced on 1 July
Many lodgement and payment deadlines are looming for business including those relating to Activity Statement, superannuation, and more. JANUARY 2022 21 January – Due date
From November 2021, all directors of a company are required to verify their identity as part of a new director identification number (Director ID) regime.
5 November 2021 The fourth claim period for JobMaker Hiring Credit payments is now open. If your business is eligible: register – use ATO online
Many lodgement and payment deadlines are looming for business including those relating to Activity Statements, superannuation and more… November 2021 21 November – October Activity
Following the recent lockdown in Sydney which commenced in late June, the Commonwealth government is offering monetary compensation for workers (i.e. employees and sole traders
In the Federal budget, the government elected to keep the legislated increase to the SG rate to 10% from 1 July 2021 (up from 9.5%).
Leading up to 30 June, Small Business Entities (SBE with a turnover of less than $10million including affiliates and connected entities) can claim an immediate
Although the standard non-concessional superannuation contribution cap is set at $110,000 annually, if you are under 65 years of age at any time in a financial year
Thinking of restructuring your business but concerned about the tax consequences of doing so? Small Business Entities (SBE’s with a turnover of up to $10
Current ATO audit activity is extensive. Recently, the ATO Commissioner forecast that 2 in 10 businesses would be subject to some sort of audit activity
If you have made a significant capital gain during the year, as we come towards the final few months of the financial year, is it
Because of indexation, the superannuation contribution caps are set to increase from 1 July 2021 as follows: Concessional cap to $27,500 (up from $25,000) Non-concessional
The Government last week confirmed that the wage subsidy scheme, JobKeeper, will come to an end as scheduled on 28 March 2021 (though there may
Fuel tax credit rates changed at the start of this month. If you use fuel in heavy vehicles or other machinery for your business, you
Last year’s Federal Budget included a temporary loss carry-back measure. On 9 October 2020, the Government passed this into law. Under the temporary loss carry-back
Christmas is traditionally a time of giving – including employers showing gratitude towards staff and clients/suppliers for their loyalty throughout the year. With the right approach,
The Government’s new JobMaker scheme passed both houses of Parliament on 12/11/2020. Commencement The scheme will be backdated to commence on 7 October 2020 and
Here is a quick snapshot of the important points of JobKeeper 2.0 as we count down the days until its commencement next week: Entities must
In response to the state’s extended lockdown, the Victorian government on the weekend announced a $3 billion Business Survival and Adaption Package for businesses impacted
The JobKeeper 2.0 legislation has just passed both houses of Parliament, and is now law (subject to the formality of Royal Assent). This legislation enables
On 7 August, the government announced two further changes to the JobKeeper program. Firstly, employees hired as at 1 July 2020 may also be eligible
Congratulations to Michael & Lucy! Our award recipients in Taxation Law, well done on your outstanding achievements. MyTaxSavers Prize Awarded to the Bachelor of Business
Information for employers Single Touch Payroll reporting starts from 1 July 2018 for employers with 20 or more employees. To find out if you need to
A recent decision by the Full Court of the Federal Court has shone a spotlight on year end Trust Resolutions that should be a reminder
The Government has passed legislation increasing the rate of the Small Business Income Tax Offset (SBITO). This article details this change and its tax impact.
For individuals not in business, who are preparing their tax return over the coming months, depreciable items you acquire for work purposes can in certain
The Government has just announced that it will introduce legislation into Parliament to clarify confusion around the applicable tax rate for companies. By way of
Key Highlights from the Budget The 2017 Federal Budget was handed down last night. Following is a brief summary of some of the headline measures that
Christmas Parties Instead of gifts, it’s quite common for employers to host a Christmas Party for their staff (often including spouses) at a restaurant. Where
The 2016 Federal Budget was handed down on Tuesday 3 May. Following are some of the headline announcements that the Government intends to implement in
Posted on March 4, 2016 at 11:52 am As part of the Queensland Government reforms of the building and construction industry, from October 2014 licensees
Posted on February 25, 2016 at 6:44 pm Due to the crushing nature of the Federal Government’s Budget deficit ($37 billion) and dwindling commodity
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