News
JobKeeper 2.0 Announcements
Jul 22, 2020The 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$10,000 Emergency Cash Grants for Small business in South Australia
Apr 09, 2020Small 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 MoreJobKeeper Payment - Frequently Asked Questions
Apr 08, 2020As 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 MoreGovernment supporting business to retain jobs
Mar 31, 2020The 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 MoreCovid -19 Federal Government Economic Response to the Coronavirus
Mar 25, 2020Following 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.
Australian COVID-19 Economic Response for Business
Mar 12, 2020The 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.
Business Tax Return Checklist
Jul 01, 2019We 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 MoreIndividual Tax Return Checklist
Jul 01, 2019We 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 MoreSA Budget 2019-20
Jun 19, 2019South 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.
Single Touch Payroll
Feb 18, 2019The 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.
Property Purchases - New Withholding Regime
Jan 03, 2019Foreign 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 MoreSuper Reform Changes
Feb 15, 2017The 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 MorePayroll Tax - Small Business Rebate
Nov 17, 2016The SA Government announced an extension of the small business payroll tax rebate for an additional four years from the 2015/16 financial year.
Read MoreJob Accelerator Grant Scheme
Nov 17, 2016The 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 Australia
Read MoreLand Tax
Nov 17, 2016Land Tax is assessed at 30 June each year. Here are some helpful tips.
Read MoreWarning! Tax scams demanding payment of fake debts. Check with us first.
May 17, 2016Sophisticated tax scam techniques are being used to defraud Australians.
Staff update
Sep 14, 2015As part of our long term succession planning we have merged Six Accountancy and it's principal Simon Bibbo into our practice from 1 July this year.
Read MoreNew Year’s Resolutions
Jan 12, 2015Now 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):
Christmas Benefits
Dec 17, 2014A quick snapshot of the FBT and other rules on Christmas parties and gifts.
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