Taxation
Understanding Fringe Benefits Tax
The 31st of March is fast approaching, which means the end of another Fringe Benefits Tax (FBT) year. FBT can quite often be ignored by many
March 13, 2023
The 31st of March is fast approaching, which means the end of another Fringe Benefits Tax (FBT) year. FBT can quite often be ignored by many
It’s important to acknowledge that the Government’s announcement is a proposal only. It will need to go through the usual parliamentary process and if legislated
Around this time last year, we sent you an email alerting you to the new process for Director IDs. With the deadline of 30th November
With the end of the financial year fast approaching, it is the ideal time to review your 2022 tax year so there are no surprises
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
The 2024 federal budget was unveiled on Tuesday by treasurer Jim Chalmers. There were minimal changes or reforms to the taxation system, especially concerning small and medium-sized enterprises (SMEs).
As we navigate through the evolving landscape of taxation in Australia, it’s crucial to stay informed and proactive in managing your business’s tax affairs.
While navigating the complexities of payroll management, it’s crucial to be aware of common errors that can lead to compliance issues & financial penalties.
The government announced changes to the super contribution caps that will come into effect from 1 July 2024 providing greater flexibility and opportunities.
We want to bring to your attention some crucial updates regarding your tax obligations and the ATO’s stance on outstanding debts. During the past few years, we’ve seen significant changes in the way the Australian Taxation Office (ATO) has handled tax debts, particularly in light of the pandemic’s economic challenges.
Round 3 of the Business Boost Grant Program is scheduled to open at 9am on Wednesday, 6 September. The first stage of the competitive application process is a ‘Registration of Interest’ which is due by 5pm on Tuesday, 12 September. The Department of Youth Justice, Employment, Small Business and Training
During this tax season, millions of Australian taxpayers are expected to access their myGov accounts to lodge their tax returns. Whilst one might assume the system is secure, recent revelations have shown a significant security vulnerability in the Australian Tax Office’s (ATO) identity checking system. According to the ATO’s admission
We hope that the new financial year is off to a strong start for your business. As trusted partners in your financial journey, Halpin Partners is dedicated to providing you with timely updates and valuable insights to navigate the ever-changing accounting and taxation landscape. In this newsletter, we would like
As we approach the one-year anniversary of the new Albanese Government, there were hopes, or some fears, that the approach of the new Government would be significantly different to the prior Government, and that as a result, we would see a substantially different budget with major changes in tax policy.
If you’ve ever visited our office, then you may have noticed the writing on our wall behind our reception area… ‘the most dangerous phrase in the English language is… because we’ve always done it this way’. Our client, James Home Services Australia embodies these very words. We’ve been working with James Home
The 31st of March is fast approaching, which means the end of another Fringe Benefits Tax (FBT) year. FBT can quite often be ignored by many business owners, as they are unaware that some benefits they are providing to their employees may actually result in Taxable Fringe Benefits. Business owners should
It’s important to acknowledge that the Government’s announcement is a proposal only. It will need to go through the usual parliamentary process and if legislated as announced, the changes will commence from 1 July 2025 (i.e. after the next Federal election). In fact, Tuesday the Prime Minister stated there will
