September 2022 Newsletter
Is your estate plan in order? Estate planning is ultimately about ensuring that you have the right mechanisms in place to ensure that, in the event of your death, your assets pass in the manner that you intend. The steps in the process involve identifying the assets in play – this could involve savings accounts, […]
2022-23 Lodgement Rates And Thresholds
This special edition covers off on rates/thresholds/benchmarks etc. relating to: Individuals, including tax offsets ETPs and redundancies Medicare Forex exchange FBT Companies Superannuation, and FBT Please contact us for clarification, or further advice, regarding any of the topics covered in this newsletter.
August 2022 Newsletter
With interest rates rapidly increasing, homeowners are being encouraged to look around for a better deal on their home loan. ASIC has recently released some tips if you are doing so. These include asking your existing lender for a better deal, negotiating the length of your new loan, factoring in the cost of possible lender […]
2022 Tax Checklists
Please use the below checklists to outline the key documentation and information your Accountant requires to prepare your tax return. Individual Checklist Business Checklist Superannuation Checklist
July 2022 Newsletter
During COVID-19, the ATO took a softly-softly approach to debt collection, acknowledging the financial impacts of the pandemic. However, with the economy now opening back up, firmer debt collection practices are resuming, including garnishees, recovery of director penalties, disclosure of business tax debts, and legal actions including summons, creditors petition, wind-up and insolvency action. Do […]
February 2021 Newsletter
Inside this month we explore the JobMaker Hiring Credit scheme that was part of the 2020-21 Federal Budget and will operate until 6 October 2021. We also outline when your reporting for Single Touch Payroll can cease. Plus, we look at how natural disasters (hello bushfire season) can affect your tax lodgment requirements. To read […]
October 2020 Newsletter
The JobKeeper scheme has been extended, and there are some important changes that participants will need to know. In good news, the treatment of JobKeeper income has been clarified. We also look at two further data matching programs that have been launched, smooth concerns some may have had over the easing of loan repayment demands […]
Third Round of Business Support Fund
Grants to support Victorian businesses that must stay closed or operate under restrictions until COVID normal. The Victorian Government recently announced a third round of the Business Support Fund – ensuring businesses impacted by coronavirus (COVID-19) restrictions continue to receive the support they need to make it through restricted trading. Through this third round of […]
September 2020 Newsletter
Payments such as JobKeeper and the cash flow boost are measures welcomed by many, however they can also bring with them some unique taxation issues. We run over what to look for. Also tackled are claiming tax losses, where vehicles stand in relation to the boosted instant asset write off, the question of liquidity and […]