28 Jun, 2021

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…

18 Jun, 2021

Life insurance in super: costs on the way up?

Having insurance through super can be a cost effective way of protecting you and your loved ones in the event of an unfortunate occurrence. However, APRA has noted new and…

14 May, 2021

ATO reminder: lodge your TPAR

The Taxable Payments Annual Report (TPAR) was designed to supress, if not outright eliminate the “black economy” by requiring businesses providing various services to lodge a report containing details of…

13 May, 2021

Budget 2021: What’s in it for my business?

As a part of its strategy to drive economic recovery from the pandemic, the government has extended many concessions to businesses in the hopes of driving unemployment rate down and…

13 May, 2021

Budget 2021: What’s in it for me?

The 2021 Federal Budget has been handed down by the Treasurer, for individuals the government has retained the low and middle income tax offset as well as the low income…

13 May, 2021

2021 Federal Budget: Special Edition

PERSONAL TAXATION Personal tax rates unchanged for 2021–2022 In the Budget, the Government did not announce any personal tax rates changes, having already brought forward the Stage 2 tax rates…

28 Apr, 2021

Steps to get a deduction for bad debts

April 2021 has become a closely observed month with many of the government’s COVID-19 economic supports coming away. As with the wind down of any stimulus, there’ll be inevitable business…

14 Apr, 2021

Casual Employment Information Statement

Under recent changes to the Fair Work Act, small business employers need to give their existing casual employees (employed before 27 March 2021) a copy of the Casual Employment Information Statement (CEIS)…

5 Apr, 2021

JobKeeper: compliance and repayment

With the JobKeeper program officially coming to a close, the payment that has supported more than 3m workers as its height and around 1m in the most recent quarter has…

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…