• 8 Mar, 2021

ATO investigates fraud: early release of super

If you’re one of the 2.4m Australians who has taken advantage of COVID-19 early super release, beware as the ATO is investigating fraud and schemes related to this measure. In…

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  • 19 Feb, 2021

Superannuation guarantee loophole closed

A superannuation guarantee loophole that allowed employers to use salary sacrificed contributions to make up part of their required super guarantee contributions has been closed. From 1 January 2020, employers…

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  • 8 Feb, 2021

JobMaker: how your business can take advantage

If your business is thinking of hiring new staff, now is the time, the Government will pay employers a subsidy of sorts for each eligible young worker employed over the…

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  • 28 Oct, 2020

Budget 2020 – what’s in it for my business?

In his second Budget, the Treasurer, Josh Frydenberg has unleashed $300bn to support the economy and get growth back on track. With Australia’s unemployment rate at a 22-year high, it’s…

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  • 15 Oct, 2020

Budget 2020 – what’s in it for me?

The government has handed down its big spending budget in a bid to revive the economy. In terms of individuals, as expected, the government has confirmed that it will bring…

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  • 24 Aug, 2020

ATO compliance: COVID-19 support measures

Businesses beware, the ATO is conducting compliance measures on the government’s COVID-19 stimulus package including on the JobKeeper and the cash flow boost. It will be looking at many things…

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  • 23 Jul, 2020

JobKeeper 2.0 – the future of JobKeeper

The Government today announced the future of JobKeeper and JobSeeker along with other income support measures. For JobKeeper, current arrangements will generally remain the same until 27 September 2020. From…

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  • 10 Jun, 2020

HomeBuilder: What is it and how do you access it?

The Government has announced grants of $25,000 to encourage people to build a new home or substantially renovate their existing home. The HomeBuilder scheme targets the residential construction market by…

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  • 25 May, 2020

Foreign residents and the main residence exemption

Laws limiting foreign residents’ ability to claim the CGT main residence exemption are now in place. This means that if you’re a foreign resident at the time of disposal of…

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  • 29 Apr, 2020

Scam targeting natural disaster victims

A scam targeting vulnerable disaster victims has reared its ugly head. If you receive a SMS that supposedly gives you an 8% bonus on your tax return, the best course…

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