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…
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…
Date of effectAssets acquired from 7:30pm AEDT on 6 October 2020 and first used or installed ready for use by 30 June 2023 Businesses with an aggregated turnover of less…
Date of effect1 July 2022 From 1 July 2022 the Government will: Increase child care subsidies available to families with more than one child aged five and under in child…
Builders, electricians, plumbers, architects, real estate agents, security guards and other workers who hold an occupational licence in their home state or territory and who want to do the same…
The ATO has clarified the tax treatment of JobKeeper payments handed back to the Government. The clarification comes after the Super Retail Group, Dominos Pizza and Toyota collectively returned more…
The Government’s JobMaker scheme has created 609 new jobs since registrations opened on 1 February 2021, despite around 15,000 businesses registering their interest in the scheme. The hiring credit is…
Changes from 1 July 2021 will impact on how much money you can contribute to superannuation and how much you can have in your retirement phase superannuation account. In general,…
The Australian Taxation Office (ATO) has been concerned for some time about how many professional services firms are structured – specifically, professional practices such as lawyers, architects, medical practices, engineers,…