Accounting
New Year Cash Crunch
All North Queensland small businesses know the start of the year always creates a cash crunch. A combination of the holiday break, a slow start
February 13, 2019
All North Queensland small businesses know the start of the year always creates a cash crunch. A combination of the holiday break, a slow start
Benefits of record keeping A common question we are asked by clients is….. How long do I need to keep my records for? While we
I was lucky enough to spend some time in Vietnam earlier this month on a business trip. I was there to assist a client with
When asked by that trusting friend/colleague to join them as a Director in their company…. Are you aware of the responsibilities that you are signing
It’s important to take the time to understand what expenses you are entitled to claim against your taxable income and remember that spending the money
Recent legislative changes have now restricted the ability to claim certain rental property expenses. There are two main items where tax deductibility have been significantly
As the end of financial year fast approaches, clients are reminded to consider their tax planning strategies to ensure prompt action is taken before the
30 June is fast approaching! With that in mind, now is the opportune time to plan for the 2018 Tax Year, so that you are
By now, nearly everyone has heard of Bitcoin, the cryptocurrency that started them all. When Bitcoin reached approximately $20,000 AUD in December 2017, I don’t
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.
