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Latest Blogs

Here’s a sneak peak at what our experts have been busy preparing…

Home / News & Events
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

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Key Dates for Business

Key Dates for Business – January & February 2022

Many lodgement and payment deadlines are looming for business including those relating to Activity Statement, superannuation, and more. JANUARY 2022 21 January – Due date

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Featured Articles

Director Identification Numbers

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.

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JobMaker

JobMaker: fourth claim period now open

5 November 2021 The fourth claim period for JobMaker Hiring Credit payments is now open. If your business is eligible: register – use ATO online

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Key Dates for Business

Key Dates for Business – Nov & Dec 2021

Many lodgement and payment deadlines are looming for business including those relating to Activity Statements, superannuation and more… November 2021 21 November – October Activity

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Community

Disaster Payments for Lockdowns Across Australia

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

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Superannuation

New Superannuation Guarantee Rate

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%).

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Small Business

Small Business PrePayments

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

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Superannuation

Access to the Superannuation Non-Concessional Bring Forward Cap Expanded

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

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Small Business

Tax-Free Restructures

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

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Tax Audits

Tax Audit Insurance – Cost-effective protection and peace of mind against professional fees incurred in the event of an audit.

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

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Capital Gains

Time to Crytalize a Capital Loss

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

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Superannuation

Super Contribution Caps Set to Increase

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

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JobKeeper

The end of JobKeeper….and the way ahead

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

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Business Tax

Fuel Tax Credit Rates Have Changed

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

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Business Tax

Loss Carry-Back for Companies

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

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Business Tax

Christmas Parties and Gifts – The Tax Truths

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,

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JobMaker

JobMaker Hiring Credit

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

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JobKeeper

JOBKEEPER 2.0 (28 September 2020 to 3 January 2021) Bullet Point Guide

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

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Small Business

Victorian Business Survival and Adaption Package

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

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JobKeeper

JobKeeper 2.0 – Passes Parliament!

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

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JobKeeper

JobKeeper Changes – Employment Start Date and Amendment to Turnover Test

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

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Community

QUT Business School – MyTaxSaver Prize Awarded

Congratulations to Michael & Lucy! Our award recipients in Taxation Law, well done on your outstanding achievements. MyTaxSavers Prize  Awarded to the Bachelor of Business

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Uncategorised

SINGLE TOUCH PAYROLL

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

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General

Trust Resolutions That Don’t Make The Grade

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

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Business Tax

NON-COPRPORTATE TAX CUTS – SBITO

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.

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Uncategorised

DEPRECIATION FOR NON-BUSINESS TAXPAYERS

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

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Business Tax

Company Tax Rate Clarification

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

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Uncategorised

The 2017 Federal Budget

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

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Uncategorised

Christmas & The Taxman

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

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Business Tax

Federal Budget 2016 – What You Need To Know

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

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Business Tax

New Queensland Building and Construction Commission (QBCC) Licence Monitoring Requirements

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

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Business Tax

The Tax Reforms Being Mooted from Each Side of Politics

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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