Federal Budget
Budget 2022
The 2022 Budget marked a big change from the past 2 years which saw large expenditure and business support to help the economy and country
April 7, 2022
The 2022 Budget marked a big change from the past 2 years which saw large expenditure and business support to help the economy and country
About STP Phase 2 STP is the new norm for reporting payroll information electronically to the ATO. STP Phase 2 is an expansion on an
Existing company directors will soon be asked to verify their identity and will be required to apply for a Director Identification Number (Director ID) by
Late last week, additional financial support was announced for businesses impacted by the recent South East Queensland and Cairns lockdowns. Under the package, businesses in
The Queensland Government has today announced further relief packages for tourism and hospitality businesses impacted by the recent COVID-19 lockdowns in South East Queensland and Cairns.
Prior to the Cairns three day lockdown, many businesses in the region were struggling after a decline in visitor numbers caused by lockdowns in South
Single Touch Payroll – Annual Finalisation All employers must complete their STP Finalisation declarations by 14 July 2021. The ATO recognise the effects of COVID-19 and
On Tuesday 11th May 2021, the Treasurer handed down the Federal Budget which sees a continuation of the Government’s focus to support the economy through a
As part of the recently developed economic recovery plan, the Queensland Government has announced three new grants to support small business. The grants are designed
Recently, the Federal Government has announced a post-JobKeeper stimulus package to assist the travel and tourism industries. Travel Incentives – Tourism and Business The first
Halpin Partners is pleased to welcome four Graduate Accountants to the team following our first summer internship. Mantej Dhother, Danielle Bradley, Sugandh Goindani and Ashveen
With all of the unpredictability that is 2020, the Federal Government has followed suit by delivering a Budget in October rather than the usual May
Existing company directors will soon be asked to verify their identity and will be required to apply for a Director Identification Number (Director ID) by 30 November 2022. About Director IDs: A Director ID is a unique identifier you require as a director and will keep forever. The Government expects
Late last week, additional financial support was announced for businesses impacted by the recent South East Queensland and Cairns lockdowns. Under the package, businesses in the state which have experienced a 30% reduction in turnover will be able to apply for payments of: $1,000 for non-employing sole traders $5,000 for
The Queensland Government has today announced further relief packages for tourism and hospitality businesses impacted by the recent COVID-19 lockdowns in South East Queensland and Cairns. Payroll Tax Deferral Eligible tourism and hospitality businesses that lodge payroll tax returns monthly can apply to defer paying their payroll tax liability due in
Prior to the Cairns three day lockdown, many businesses in the region were struggling after a decline in visitor numbers caused by lockdowns in South East Queensland and other states. The Cairns lockdown, although hoped to be short, will undoubtedly increase the number of businesses impacted by COVID-19 lockdowns. To
Single Touch Payroll – Annual Finalisation All employers must complete their STP Finalisation declarations by 14 July 2021. The ATO recognise the effects of COVID-19 and are allowing these finalisations to be completed up until 31 July 2021. Change to Superannuation Guarantee Rate From 1 July 2021, the superannuation guarantee contribution rate
On Tuesday 11th May 2021, the Treasurer handed down the Federal Budget which sees a continuation of the Government’s focus to support the economy through a COVID-19 induced downturn. This Budget sees a high level of spending continue – the 2021 budget deficit is $161b and net Government debt is forecast
As part of the recently developed economic recovery plan, the Queensland Government has announced three new grants to support small business. The grants are designed to provide a further $25 million to small businesses to help them to survive and thrive amidst the pandemic. Business Growth Fund (BGF) – $50,000
Recently, the Federal Government has announced a post-JobKeeper stimulus package to assist the travel and tourism industries. Travel Incentives – Tourism and Business The first support package is designed to support the tourism industry by offering around 800,000 half-price airfares from 1 April 2021 to select holiday locations. The subsidy
Halpin Partners is pleased to welcome four Graduate Accountants to the team following our first summer internship. Mantej Dhother, Danielle Bradley, Sugandh Goindani and Ashveen Brar are the newest members of the Halpin Partners team, hailing from JCU, CQU, UQ and USQ, respectively. Graduate Coordinator Hugh Sanson says the family-style
With all of the unpredictability that is 2020, the Federal Government has followed suit by delivering a Budget in October rather than the usual May timeframe. As expected, the overshadowing theme of this year’s Budget is COVID-19 relief and an economic recovery plan that provides incentives for both individuals and
There have been some key date changes in relation to the upcoming lodgements for JobKeeper declarations. Wage condition for JobKeeper Fortnight 20 For JobKeeper Fortnight 20 (21 December 2020 to 3 January 2021), the ATO is allowing employers until Monday 4 January 2021 to meet the wage condition for their
State and Federal Government assistance is still available for those businesses who have been significantly affected by the COVID-19 pandemic. Below we outline the main assistance packages that may be of interest and benefit to you. Qld Government Adaption Grant The Qld Government announced Round 2 of the Adaption Grant,
