Key Dates for Business
Key Dates for Business – January & February 2021
Many Key dates are looming for businesses including those relating to Activity Statements, Superannuation, and more. JANUARY 2021 21 January – Due date for lodgement
Here’s a sneak peak at what our experts have been busy preparing…
Many Key dates are looming for businesses including those relating to Activity Statements, Superannuation, and more. JANUARY 2021 21 January – Due date for lodgement
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
Many key dates are looming for business including those relating to Activity Statements, superannuation, and more. November 2020 11 November – July-September quarterly Activity Statements
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
With the JobKeeper extension commencing in two weeks, we provide the latest publically available information – Extension from 28 September 2020 The original JobKeeper scheme
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
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
Many key dates are looming for business including those relating to Activity Statements, GST, Superannuation, Income Tax Returns, and more… SEPTEMBER 2020 21 September –
Congratulations to Michael & Lucy! Our award recipients in Taxation Law, well done on your outstanding achievements. MyTaxSavers Prize Awarded to the Bachelor of Business
Key dates 31 August 2020 – wage condition for new employees For the fortnights commencing on 3 August 2020 and 17 August 2020, we are
Key Dates for Business July 2020 01 July – First day of the 2020/2021 financial year 21 July – Monthly Activity Statements (June 2020) due
Today, the Prime Minister announced the extension and watering down of the wage subsidy, JobKeeper Points to note: Existing JobKeeper continues up until 27 September 2020
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On 3 June 2020, the federal government announced the Homebuilder Grant to encourage individuals to build a new home or substantially renovate their existing home.
To qualify, an employer must demonstrate that its GST turnover has fallen by the following percentage compared to the same comparison period in 2019: 30%
Late on Friday April 10, explanatory materials were released in relation to the JobKeeper payment that has now been passed into law. The explanatory material
We’ve received many questions from subscribers around how a “downturn of turnover” will be measured for the purposes of eligibility for the coronavirus-related Job Keeper
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In response to the expected impact of the coronavirus (COVID – 19), the Government last week announced a range of measures that it and the
The Budget will be delayed from May to October Prime Minister Scott Morrison says the Federal Government will delay its budget until October 6, five
The Morrison Government has today announced a $17.6 billion economic plan to keep Australians in jobs, keep businesses in business and support households and the
Last week the Government passed legislation which may make company directors personally liable for any unpaid/overdue GST of their business. 21 Day GST Director Penalty
for Businesses with Less than 20 Employees…. The ATO advises that it’s not too late to join the other 550,000 employers who are reporting through
If you or your business has been impacted by the recent bushfires, the ATO don’t want you to be concerned about your tax affairs. The
The Government’s superannuation amnesty for employers is now back on the table! The Treasury Laws Amendment (Recovering Unpaid Superannuation) Bill 2019 was introduced into the
Do you have a tax-related question that you need guidance on? Send us an email. Your MTS Members Helpline is staffed by Qualified Accountants who
If you missed the 30 September Single Touch Payroll (STP) reporting date, it’s not too late! Make the move and get started by following one
One of the largest claims made by business and by employees for that matter is the use of a vehicle for business or work
On the 9th August, the ATO announced it will contact, at the end of August, about 17,700 self-managed super fund (SMSF) trustees and their auditors
From an income tax standpoint, it’s in your interests to keep good records of your transactions and activities. Keeping good records is not only required
Get set for a 3.0% wage increase – 2019 Annual Wage ReviewThe Fair Work Commission has announced a 3.0% increase to minimum wages.The new national
FBT Issues on ATO Radar With the date for lodging and paying FBT approaching (21 May), on Wednesday 1st May, the ATO reminded employers that
New legislation could see businesses lose tax deductions for payments to employees and contractors. This article details this new law, and provides a checklist of
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With large swathes of Eastern Australia in the midst of one of the most severe droughts in years (indeed Autumn rainfall was the least since
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
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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