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Update

Federal Budget 2022 – Other areas

Temporary reduction in fuel excise The Government announced it will halve the excise and excise-equivalent customs duty rate that applies to petrol and diesel for… from Federal Budget 2022 – Other areas

Update

Federal Budget 2022 – Superannuation

Extension of the temporary reduction in superannuation minimum drawdown rates The Government announced it will extend the 50 per cent reduction of the minimum drawdown… from Federal Budget 2022 – Superannuation

Update

Federal Budget 2022- Individuals

Low and middle income tax offset to be increased The Government will increase the low and middle income tax offset (LMITO) by $420 for the… from Federal Budget 2022- Individuals

Update

Government online services explained

The Federal Government (including the ATO) has several online applications, platforms and services which have been developed for those who wish to login and access… from Government online services explained

Tax

Cryptocurrency and tax

We are noticing an increase in clients who have purchased and/or sold cryptocurrency in the past 12 months. Often these clients do not realise there… from Cryptocurrency and tax

Update

Stapled superannuation for new employees

As of Monday 1 November, “Stapled Superannuation” rules will commence for all new employees. Stapled Superannuation simply means that existing superannuation accounts will become linked/stapled… from Stapled superannuation for new employees

Update

Taxable Payments Annual Report – TPAR

If your business pays contractors or subcontractors you may need to lodge a Taxable Payments Report (TPAR) by 28 August 2020. The report requires you… from Taxable Payments Annual Report – TPAR

Update

Waving goodbye to AUSkey and setting up your MyGovID

What’s changing? As of 27 March 2020, AUSkey will no longer be available to login to the ATO Business Portal. What do I need to… from Waving goodbye to AUSkey and setting up your MyGovID

Update

Financial stress management

Even at the best of times, managing finances can be one of the biggest stress triggers in our lives. Add owning a small to medium… from Financial stress management

Update

Are you Single Touch Payroll compliant?

All small businesses should now be Single Touch Payroll (STP) compliant (start date was Monday 1 July 2019 for those with under 20 employees and the start date was… from Are you Single Touch Payroll compliant?