Cryptocurrency – ATO Focus Area
Cryptocurrency – ATO Focus Area November 05, 2021

With Bitcoin at an all-time high and with the ever-increasing adoption of Cryptocurrency by large institutions and individuals alike, the ATO has re-iterated to taxpayers the importance of correctly declaring income relating to Cryptocurrency transactions.

Director Identification deadline announced
Director Identification deadline announced November 05, 2021

Current Australian directors will now have one year to apply for their unique director identification number before substantial fines of potentially in excess of over $1.11 million are introduced for failure to comply with the new regime. 

6 Member SMSF’s are here
6 Member SMSF’s are here August 24, 2021

From 1 July 2021, self-managed super funds (SMSF) and small APRA funds (SAFs) will be allowed to have up to six members instead of four.  The changes have been on the table for some-time but were finally passed in June 2021.

COVID 19 – DISASTER RECOVERY PAYMENTS
COVID 19 – DISASTER RECOVERY PAYMENTS August 02, 2021

With the emerging COVID-19 situation in QLD over the weekend, the 11 LGA’s subject to a lockdown have now been declared a Commonwealth Hotspot. This opens up pathways for both individuals and businesses to claim support similar to measures already in place in other states.

Office working remotely due to COVID shut down
Office working remotely due to COVID shut down August 02, 2021

Due to current government regulations, our office is currently closed and all staff are working remotely.  You can contact us through our regular office phone number (07) 38311055 or you can contact our staff directly on the following numbers.

2021-2021 Federal Budget
2021-2021 Federal Budget May 12, 2021

Last night, Treasurer Josh Frydenberg handed down a budget that is heavily focused on spending and economic recovery to build resilience and future essential services. The Government’s immediate focus is on expenditure measures targeting a range of social and economic challenges.  With the repair of the budget being a medium term challenge.

ATO – Privately Owned & Wealthy Group Reviews
ATO – Privately Owned & Wealthy Group Reviews April 07, 2021

The ATO are currently ramping up their audit activity with “The next 5000 performance program” which focuses on high wealth private groups who control wealth of more than $50m.   Privately owned and wealthy groups with a combined annual turnover — including associated subsidiaries of more than $10 million, or controlled wealth of over $5 million, are also likely to be captured by the ATO audits.

Supporting Apprentices and Trainees – JobTrainer
Supporting Apprentices and Trainees – JobTrainer February 01, 2021

Small businesses who employ apprentice’s or trainee’s may be eligible for a wage subsidy of 50%.

JobMaker Hiring Credit Scheme
JobMaker Hiring Credit Scheme December 09, 2020

Eligible employers can now register for the Jobmaker Hiring Credit scheme with the ATO. The scheme applies to employees starting employment between 7 October 2020 and 6 October 2021.

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