If your business has been adversely impacted by the recent lockdown in NSW, support is available but there are limitations. The NSW Government has announced new grants of up to…
If you worked from home during lockdown and spent money on work related items that were not reimbursed by your business, you might be able to claim some of these…
Super guarantee rate increase to 10% On 1 July 2021, the Superannuation Guarantee (SG) rate will rise from 9.5% to 10% - the first rise since 2014. It will then…
Australia has had its fair share of disasters over the last few years – drought, bushfires and floods – that have ramped up the volume of insurance claims. Most people…
Date of effectLosses from the 2019-20, 2020-21, 2021-22 or 2022-23 income years Companies with an aggregated turnover of less than $5 billion will be able to carry back losses from…
Are you making the most of your allowable tax deductions? Individuals can claim for general work-related expenses as well as occupation-specific expenses and working from home. Book a time now to prepare for your 2021 tax and we’ll help maximise your return.
Date of effectThe first financial year after Royal Assent of the enabling legislation Expected to be 1 July 2022 Currently, employees need to earn $450 per month to be eligible…
We often get questions from clients about what they can and cannot do in their SMSF. Often the questions relate to related party transactions – that is, interactions between the…
Directors will be required to register for a unique identification number that they will keep for life, much like a tax file number under a rewrite of Australia’s business registers.…
Information: What the 2021 Federal Budget Means for You To help create jobs, business investment and confidence after COVID-19 created the first recession since 1990. The Federal Government has just…