Practice News

Accounting

Victorian Government Circuit-Breaker Support

In respect of the statewide lockdown on the 27th May 2021, the State Government have made available the following grants to affected businesses: Business Costs …

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Accounting

Changes to Employer Superannuation Requirements

After the recent announcement in the Federal Budget employers need to be aware of tweaks made in relation to their employee’s superannuation requirements. The government …

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Accounting

Temporary Reduction in Minimum Pension Amounts

The Federal Government has recently announced changes affecting those people in retirement who hold pensions and annuities by extending the current superannuation minimum drawdown rates …

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Accounting

Your EOFY Tax Tips!

Your EOFY Tax Tips! It’s nearly the 30th June 2021 – really, already?!  So here’s our advice on some plans you might consider before we …

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Accounting

Your Knowledge Update – May 2021

Inside this month’s Your Knowledge Update; we look at the new lifetime Director ID regime and what it will mean to existing and new directors, …

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Accounting

Recent Changes to Resignations of Company Directors

The process of resigning as a company director has now changed, following the adoption of new federal laws last year.  The Treasury Laws Amendment (Combating …

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Accounting

Changes to Single Touch Payroll (STP) Concessions from 1st July 2021

Currently, small employers (19 or less) are exempt from reporting ‘closely held payees’ through Single Touch Payroll (STP).  Micro employers (4 or less) have also …

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Accounting

Your Knowledge Update – April 2021

Inside this month’s Your Knowledge Update; the impact of the 1 July 2021 indexation changes on your superannuation. Why the profits of professional services firms …

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Accounting

Your Knowledge Update – March 2021

Inside this month’s Your Knowledge Update; why some businesses are voluntarily returning JobKeeper to the ATO, COVID-19 vaccinations and the workplace, a review of FBT, …

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Accounting

Small Business Digital Adaptation Program

If you’re a small business and considering moving your record keeping to a digital platform like Xero or MYOB, the Victorian government is offering grants …

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Accounting

Your Knowledge Update – February 2021

Inside this month’s Your Knowledge Update; the final phase of JobKeeper and the sole trader who won the right to access JobKeeper with a backdated …

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Accounting

JobKeeper Extension 2 begins 4th January 2021

The JobKeeper program Extension 1 comes to an end on 3rd January 2021.  Businesses who require further JobKeeper wage support after this date will need …

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Accounting

Your Knowledge Update – December 2020

Inside this month’s Your Knowledge Update; the 2021 risks and opportunities – The focus of Government incentives, Australia’s relationship with China, and more. Download this …

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Accounting

2020/21 Victorian State Budget Snapshot

Land Transfer Duty Waiver A 50% duty concession for new residential properties and a 25% duty concession for existing residential properties will apply for contracts …

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Accounting

Your Knowledge Update – November 2020

Inside this month’s Your Knowledge Update; we look at what we know so far about the JobMaker hiring credit and the 2020-21 budget measures business …

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Accounting

Your Knowledge Update – October 2020

Inside this month’s Your Knowledge Update;  JobKeeper and the issues for those seeking to qualify for the second tranche and for those no longer eligible. …

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Accounting

JobKeeper Extension – What Do I Need To Know?

The Federal Government’s JobKeeper Extension is set to begin, with the current program ending on the 28th September.  Important note: this means the last JobKeeper …

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Accounting

Further State Government Grants – September 2020

The Victorian State Government has announced another round of funding for businesses affected by covid-19.  These include: Sole Trader Support Fund https://www.business.vic.gov.au/support-for-your-business/grants-and-assistance/business-resilience-package/sole-trader-support-fund ABN holder Operate from …

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