NEWS

2ND FEB 2021

January/ February's monthly tax update includes vital information on the new governmental measures that are taken place starting 1st of January 2021, information on the shortcut rate for claiming home office expenses being extended, AAT decision on Job keeper and backdated ABNs, SMSF related party rental income deferrals due to COVID-19, ATO data-matching programs, the Job Keeper hiring credit scheme and the cash payment limit bill shelved. Please contact us if you wish to discuss how the points raised in this month’s monthly tax update specifically affect you.

22ND DEC 2020

This month’s monthly tax update draws close to the 2020 year, providing important information on Improvements to be made to full expensing measure, the JobMaker Hiring Credit being passed, ATO Visa Data Matching Program and STP data-sharing with Services Australia. Please contact us if you wish to discuss how the points raised in this month’s monthly tax update specifically affect you.

5TH NOV 2020

November’s monthly tax update expands on the most recent tax cuts at parliament (for both individuals and businesses), important information also includes deferral of interest due to COVID-19, Simplified home office expense deduction claims due to COVID-19 and COVID-19 and loss utilisation Please contact us if you wish to discuss how the points raised in this month’s monthly tax update specifically affect you.

7TH OCT 2020

This month’s monthly tax update provides vital information on Tax treatment of JobKeeper Payments, Deduction for work-related vehicle expenses disallowed and Special COVID-19 Superannuation Condition of Release Extended. Please contact us if you wish to discuss how the points raised in this month’s monthly tax update specifically affect you.

9TH SEP 2020

This month’s monthly tax update provides important updates relating to Superannuation guarantee rate increase update, JobKeeper 2.0 (tweaks to the decline in turnover test) and expanded eligible employee definition for JobKeeper. Please contact us if you wish to discuss how the points raised in this month’s monthly tax update specifically affect you.

8TH AUG 2020

August’s monthly tax update provides important updates regarding the extension of the JobKeeper payment, the extended JobKeeper Payment Rates and Additional new turnover tests related to JobKeeper. Please contact us if you wish to discuss how the points raised in this month’s monthly tax update specifically affect you.

9TH JUL 2020

With the new financial year finally here this months monthly tax update provides details on the new Treasury Laws Amendments (2019 & 2020 bills), regulations that confirm no Superannuation Guarantee obligation on Jobkeeper payments where work is not performed along with COVID19 and Division 7A relief. Please contact us if you wish to discuss how the points raised in this month’s monthly tax update specifically affect you.

3RD JUN 2020

June’s edition of the monthly tax update details further information regarding Jobkeeper for employers, a reminder from the ATO for employers to finalise STP data for 2020 along with Guidance on JobKeeper reporting via STP. If you wish to discuss any of these matters in further detail, please do not hesitate to contact us.

27TH MAY 2020

This month’s edition of the practise update provides further information about the Governments JobKeeper payment, A reminder from the ATO about salary packaged super, shortcut method to claim deductions if working from home and how SMSF’s may be able to offer relief to related party tenants. If you wish to discuss any of these matters in further detail, please do not hesitate to contact us.