The Second $66.1 bn Stimulus Package: What You Need To Know
The Government yesterday released a second, far reaching $66.1 bn stimulus package that boosts income support payments, introduces targeted changes to the superannuation rules, provides cash flow sup...
$17.6 bn Government stimulus package announcement
The Stimulus Package: What You Need To Know 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 l...
Director Penalty Regime
Company Directors take note - Director Penalty Regime legislation changes you need to know about.Effective from 1 April 2020, directors will have increased exposure to company debt with outstanding m...
Superannuation Guarantee Amnesty – Action required
Legislation introducing the Superannuation Guarantee Amnesty (the amnesty) has been passed in Parliament and is awaiting Royal Assent. The amnesty provides employers with a heavy incentive to disclos...
Christmas Parties – Tax and FBT
It's the festive season, and it's around this time that clients often ask us if Christmas Parties for staff are tax-deductible. The short answer is that Christmas Parties are generally classified...
Year End Tax Planning 2019
As we approach 30 June, we thought it was timely to give our clients a refresher on some common EOFY tax planning tips, and also point out the key changes for the 2019 tax year that may impact you and...
Why do a budget?
Is my business making money? Will I have enough cash to pay expenses when they are due? Will I be able to grow my business and increase my salary this year? Like most small businesses, if y...
Payroll Tax Reminder
To assist you in ensuring your business understands and meets it's payroll tax obligations, this blog highlights some of the common errors and misunderstandings that are to be avoided. Contractors C...
Key features of the Federal Budget 2019 – 2020
The 2019/2020 Federal Budget sees the Government predicting a return to a surplus of $7.1 billion. Driven by the politics of a looming election, the Government is lowering taxes and increasing spendi...
FBT on meal entertainment – Are you doing the right thing?
At some point, every organisation provides meals or refreshments to its employees, clients and other persons alike but there is often doubt about how to account accurately for these expenses. In thi...