Practice News

Accounting

Your Knowledge Update – September 2021

Inside this month’s Your Knowledge Update; Unwinding the pandemic. Plus, divorce, superannuation and the gender divide.  And, is a compensation payment to your super fund …

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Accounting

What’s new with Self Managed Super Funds from 1 July 2021?

Self managed super funds will now be permitted to have up to 6 members in a fund.  However, it’s important to check that this is …

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Accounting

Commercial Tenancy Relief Scheme 2021

The regulations surrounding the Victorian Commercial Tenancy Relief Scheme have been released this morning, and are available here. Some of the important notes for tenants …

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Accounting

Your Knowledge Update – August 2021

Inside this month’s Your Knowledge Update; Afterpay’s $39bn sale pay day (and the tax treatment of their shares if you happen to hold any) and …

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Accounting

Victorian Business Support Measures & Rent Relief – July 2021

The State Government, in conjunction with the Federals, have announced a range of support measures to assist businesses and individuals affected by the lockdowns in …

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Accounting

Your Knowledge Update – July 2021

Inside this month’s Your Knowledge Update; Lock-downs – What help is available, business in a post pandemic environment and 6 Member SMSFs, the issues and …

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Accounting

Your Knowledge Update – June 2021

Inside this month’s Your Knowledge Update; what’s changing on 1 July 2021, work from home expenses under scrutiny, the risks of browsing Facebook and how …

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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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