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
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,
As you may be aware, the Government have recently announced changes to the eligibility for employees to enter the existing JobKeeper Program for fortnights commencing 3 August 2020. The date to assess if an employee is eligible has been extended to include individuals employed on 1 July 2020 (previously 1
Earlier this year, the Federal Government announced the Super Guarantee Amnesty. The amnesty allows employers to disclose and pay any previously unpaid super guarantee charge (SGC), including nominal interest, they owe their employees, for quarters commencing from 1 July 1992 up to and including 31 March 2018. Those employers who
Further to our recent update in relation to JobKeeper 2.0, due to commence in October, the Government have announced further changes. Under the original JobKeeper 2.0 guidelines, a business would need to show a decline in turnover of 30% for both the June and September quarters. Under the revised guidelines,
Workplace accident insurance is compulsory if you have employees. It covers you for the costs associated with a claim by a worker who is injured in the course of employment. In Queensland, accident insurance is regulated by WorkCover Queensland. New Policies You can take out a new policy by applying online, making
The Federal Government has announced an extension to the JobKeeper program. Known as JobKeeper 2.0, this announcement extends the current end date of 27 September 2020 to 28 March 2021. Despite initial speculation, the original JobKeeper program will run as planned until the end of September 2020. This means, businesses
The 2020 Financial Year was certainly one that will not be forgotten – with thanks to COVID-19. The ATO have recognised the effect COVID-19 has had on the country and have introduced a range of measures to support taxpayers though tax time. How has COVID-19 impacted Work-Related Expenses? Working from
The State Government has announced that they will open up a second round of their COVID-19 Adaption Grants Program. This program provides grants of up to $10,000 for businesses to fund a range of eligible activities (details below). Applications open on 1 July. The first round of this program was
Businesses that have enrolled for the JobKeeper Payment need to lodge their May JobKeeper Declaration with the Australian Taxation Office by the 14th June, so they can receive their payment for May. These can be lodged through the ATO business portal in the same way the April declaration was lodged.
