The Government has announced a $17.6 billion investment package to support the economy as we brace for the impact of the coronavirus. The yet to be legislated four part package…
Empty restaurants and retail stores were one of the first signs of the devastating impact the coronavirus on Australian business. Within a few months, the virus, now called COVID-19, has…
The superannuation guarantee (SG) amnesty is now law & provides employers with a one-off opportunity to “self-correct.” Now is the time to ensure that your payroll is correct and there…
After helping thousands of clients over many years, here are 4 key things I believe will incredibly benefit you from doing in the next month. In these uncertain times, this…
With the start of the Fringe Benefits Tax year looming on 1 April, businesses are being urged to review their Fringe Benefits Tax (FBT) position. FBT liabilities can trap unwary…
The ATO has requested insurance policy information from 30 insurers for lifestyle assets such as yachts, thoroughbred horses, and fine arts. The review, expected to impact 350,000 taxpayers, reaches from…
Ten million hectares, lives lost, wildlife on the brink, billions in lost revenue and clean-up costs. For many, returning life to normal is a long way off this summer. We…
Late last year, legislative changes were made that exclude non-residents from accessing the main residence exemption. The retrospective changes directly impact foreigners and expats whose main residence is in Australia…
A new system alerting SMSF trustees of changes made to their SMSF will roll out this month. The ATO will alert trustees by text and/or email when changes are made…
Employees with multiple employers can now opt-out of superannuation guarantee from all but one employer. Employers are required to pay 9.5% superannuation guarantee for all eligible employees. But what happens…