Money

COVID-19 and your SMSF

COVID-19 has had an impact on many SMSFs. We look at the key issues. Early release of superannuation When a member of your fund wants to access up to $10,000 […]

How Annual Wage Reporting has changed for Businesses and Employees

Employees did you know you will NO LONGER get a PAYG Payment Summary? Let us explain. Since the inception of Single Touch Payroll, everything is now online in one system. […]

ATO Home Office Claim Guidelines

The Australian Taxation Office (‘ATO’) has announced a temporary simplified short cut method to make it easier for individual taxpayers to claim deductions for additional running expenses incurred (e.g., additional […]

The COVID 19 Stimulus & Support Measures

We’ve designed this guide as a quick reference to the COVID-19 related tax and financial support that might be available to you. The Government has flagged that more support is […]

The Proposed JobKeeper Subsidy

The Federal Government has announced (as part of its Coronavirus Stimulus Package) the introduction of a new JobKeeper Payment to assist eligible employers (and self-employed individuals) who have been impacted […]

Government’s Coronavirus Stimulus Package

The following is a broad summary of the key aspects of the Federal Government’s stimulus package in response to the Coronavirus, as recently announced and enacted. The summary is based […]

5 things that will make or break your business’ Christmas

The countdown to Christmas is now on and we’re in the midst of the headlong rush to get everything done and capitalise on any remaining opportunities before the Christmas lull. […]

Uber Is Not A Taxi Service for Fringe Benefit Tax Purposes

Good News, the outdated FBT rules for Uber Drivers are set for a legislative change. Treasury has released an exposure draft under the Treasury Laws Amendment Bill 2019. It seeks […]

Diversity in Self Managed Superannuation Funds (SMSFs)

Making a deliberate decision to have little diversity in Self Managed Superannuation Funds (SMSFs) is a choice many trustees make. Choosing to do this is acceptable however you must be […]

Director’s fees: What and How to Pay Them

The issue of Director’s fees often comes up – should we pay directors, how to pay, and if we do pay fees how should they be paid? We answer the common questions for private companies.