09 Dec Stapled Super Funds – What Employers Need To Know
As of 1 November 2021, there's an extra step employers may need to take to comply with the choice of super fund rules. If a new employee doesn't choose a super fund, most employers will need to request the employees 'stapled super fund' details from...
09 Dec Director Identification Numbers
The Australian Government has announced the introduction of a new mandatory Director Identification Number (DIN/director ID) as part of the Modernising Business Registry (MBR) Program. The roll-out came into effect from November 2021. The DIN will provide accountability and traceability of a director’s relationships over time, across...
03 Aug QLD Government Lockdown Stimulus Resources
We extend our support to all clients through this difficult time. We note that while our office is closed we continue to work and are available to be called and emailed as usual. Please get in touch if we can help. The government has announced lockdown...
03 Jun Year-End Tax Planning
With 30 June 2021 fast approaching, it's time to consider whether any tax planning action is required prior to year end. We will be contacting you soon if we identify beneficial tax planning strategies relevant to your circumstances. If you have specific concerns about your tax...
12 May Federal Budget – Highlights & Key Measures
Last night, the Treasurer handed down the Federal Government's Budget for 2021-22. In this newsletter, we've provided a summary of the key measures that are most likely to impact our clients. Please note, that while some announcements involve the extension of existing polices, many of the...
22 Dec JobMaker Hiring Credit
The Government has introduced a JobMaker Hiring Credit scheme for new employee positions created by eligible employers. The scheme will run from 7 October 2020 to 6 October 2022 and will have a maximum claim period of 12 months per eligible position created. Employer eligibility For an...
22 Dec Personal income tax cuts brought forward
The federal government initially announced a seven year individual income tax plan in the 2018 federal budget. The plan would run over three phases, introducing a temporary low and middle tax offset and eventually removing the 37% income tax bracket. Subsequent federal budgets have altered this initial...
22 Dec Temporary full expensing of depreciating assets
Announced in the 2020 federal budget, most businesses have the option to take advantage of an ability to fully deduct the cost of new depreciable assets. The temporary measure is only available between 7:30pm AEDT on 6 October 2020 through to 30 June 2022. Before and...
01 Oct JobKeeper Extension
As previously announced the Government has approved the extension of the JobKeeper scheme by a further six months from 28 September 2020 until 28 March 2021.The rules governing eligibility to qualify for the extension periods have now been released. How it works Businesses that received JobKeeper during...
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