Family Trusts are under the ATO's spotlight! Is your Trust at risk?Read More
Are you claiming work related deductions this year?
The pandemic may have changed your current working conditions. We have summarised what the ATO will be focusing on this tax year.
All directors of a company will need a Director ID, have you got yours?Read More
Are you at risk of an ATO audit?
Are you returning appropriate taxable income for the value of services you provide?
Where do you fit in the ATO's new guidelines?
All employers must now be reporting their payroll regularly with the ATO and ensuring that they are using STP enabled softwareRead More
This article highlights the most common tax deductions available to investment property ownersRead More
The South Australian Government has introduced a further support package for businesses impacted by the Covid restrictions put in place from 27 December 2021Read More
Tens of thousands of South Australian small and medium-sized businesses that suffer a significant loss of income or have been forced to close as a result of the state’s seven day lockdown will be offered a $3,000 emergency cash grant as part of a major financial assistance package announced todayRead More
We are often asked by clients what items to provide or have at our tax return interviews. This article summarises the main items we use to prepare your returns.Read More
We are often asked what items to provide at our tax return interviews for our business clients. This article summarises the main items we use.Read More
The Federal Government has announced the JobKeeper Payment will run until March 2021. Existing payments will remain unchanged until the original scheduled end date of 27 September. Thereafter, some changes will apply and we note these in the infographic attached.Read More
Small businesses and not-for-profit entities that employ South Australians who have been highly impacted by the COVID-19 pandemic may be eligible to receive a $10,000 grant to support the operation of their business.Read More
As time passes we have been receiving many queries and questions from our clients relating to the JobKeeper payments and eligibility. While the legislation is yet to pass we provide an extract of some of the commonly asked queries in the attached document. Of course we would be pleased to discuss your personal circumstances and how the legislation may apply to you, so please contact us.Read More
The government is introducing a subsidy program to support employees and businesses. The Jobkeeper payment is designed to help businesses affected by the Coronavirus to cover the costs of their employees' wages, so that more employees can retain their job and continue to earn an income.Read More
Following the COVID-19 outbreak there have been several measures either announced or already introduced to help businesses combat the fast-moving challenges brought on by the outbreak.
More information on these incentives is being released every day. To help businesses navigate the volume and complexity of information that exists, we have provided a summary of the big-ticket incentives and how to determine if your business is eligible. We have also outlined a number of concessions that have been announced for individuals.
The Australian Government has put forward its plans to navigate the economic implications of the Coronavirus outbreak. The economic response is expected to be in the region of $17 billion, or 0.9 percent of annual GDP. Most SMEs will be eligible for one or more of the proposed incentives which are expected to be brought before parliament for approval on 23 March 2020.
South Australian Treasurer Rob Lucas MLC’s 2019-20 State Budget delivered on 18 June produces an estimated surplus of $101 million in 2018-19 and a modest surplus of $94 million in 2019-20, with surplus predicted to grow across the forward estimates.
This budget continues the Marshall Government’s focus on investing in key services and a $11.9 billion infrastructure pipeline over the next four years, despite a significant $517 million write-down in forecast GST revenue for 2019-20.
The government has been moving toward a new system of how employers report their employees tax and super information to the Australian Taxation Office (ATO).
Known as Single Touch Payroll (STP), the employer sends their employees tax and super information to the ATO each time they run their payroll or pay their employees. Recent changes to legislation require employers with as little as one employee to report from 1 July 2019.
Foreign investors disposing of property in Australia are subject to withholding of tax, however the onus is on the seller to prove they are not a foreign resident.Read More
The superannuation reforms announced in the May budget have finally been legislated. Numerous changes were made through the process and this article summarises the current regime and the changes effective 1 July 2017.Read More
The SA Government announced an extension of the small business payroll tax rebate for an additional four years from the 2015/16 financial year.Read More
The SA Government announced two Job Accelerator Grant Schemes as part of the 2016/17 State Budget to encourage businesses to employ additional employees in South AustraliaRead More
Land Tax is assessed at 30 June each year. Here are some helpful tips.Read More
The SA Government has made some substantial changes to stamp dutyRead More
Sophisticated tax scam techniques are being used to defraud Australians.
Now the New Year is here it’s time to action the items on the to-do list (talk to Mel, Bill or Simon for help):
A quick snapshot of the FBT and other rules on Christmas parties and gifts.Read More