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.

Amir Issapour – Senior Bookkeeper
Amir Issapour – Senior Bookkeeper April 07, 2021

We recently welcomed Amir Issapour to our team in the role of Senior Bookkeeper.  Amir has a Diploma in Professional Accounting, a Bachelor of Computer Science and is currently completing a Graduate Diploma in Business.

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.

Office Closure for Christmas and New Year period
Office Closure for Christmas and New Year period December 09, 2020

Our office will be closed from 1pm on 22 December 2020 and will reopen at 8.30am on 6 January 2021.

The FBT and Tax Implications of Christmas Functions and Gifts
The FBT and Tax Implications of Christmas Functions and Gifts December 09, 2020

With Christmas just around the corner, many business owners are busy planning gifts and functions as a way to thank employees for their hard work during such a challenging year.  We are often asked how Fringe Benefits Tax (FBT) and Income Tax deductions apply to benefits such as Christmas Parties, gifts and bonuses.

Reminder – Payroll Tax Relief Deadline Approaching for July & August Refunds
Reminder – Payroll Tax Relief Deadline Approaching for July & August Refunds October 22, 2020

Applications for a refund of your payroll tax for July and August 2020 must be lodged by 30 October 2020.

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