July 7, 2020
2020 Financial Year Health Check
So, here we are halfway through 2020… is the glass half full or completely broken? It’s definitely been a wild ride! Let’s start the 2020 financial year off the right…
July 6, 2020
The ATO on COVID-19 fraud warpath
We always knew that a Government scheme swiftly distributing cash during a crisis was going to come with equally swift compliance and review measures, particularly when eligibility was self-assessed. Two…
June 16, 2020
Business Tips as 30 June 2020 Fast Approaches
We are fast approaching 30 June 2020 and with that in mind, it is a timely reminder to consider some tax planning strategies given the current economic circumstances and changing…
June 15, 2020
What’s changing on July 1st?
$150k instant asset write-off scheduled to reduce back to $1,000 for small business entities and will no longer be available for entities with aggregated annual turnover of $10m or more,…
June 11, 2020
1 July company tax rate reduction
Despite the current economic environment, the company tax rate will reduce to 26% for small and medium businesses from 1 July 2020. The 1 July change is part of a…
June 11, 2020
Have casual workers been granted annual leave?
News headlines recently stated that casual workers have won the right to paid leave following a decision in the Federal Court. As usual, the devil is in the detail. At…
June 11, 2020
The ATO’s JobKeeper audit targets
The JobKeeper subsidy has progressed beyond the rush for eligibility and entered its second phase: compliance. Late last month, the Australian Taxation Office (ATO) released guidance highlighting where the regulator…
June 10, 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…
May 28, 2020
Are you “Ready, Set, Go” to lend?
It seems every day we are getting closer and closer to re-opening restaurants, cafe’s and other businesses that closed due to Covid-19 and the Government responses. The chatter around the…
April 24, 2020
Snapshot: The JobKeeper Payment
The JobKeeper payment is a subsidy of $1,500 per fortnight per eligible employee paid in arrears to the employer by the ATO. It’s for businesses that have suffered a detrimental…
