Cyber criminals are becoming increasingly sophisticated, and tax professionals and businesses are being targeted more frequently through emails, links, attachments and other online communications.
Each year, many companies may receive letters or emails regarding their annual company review and ASIC renewal fees.
In our last update, we outlined the six key things every business needs to know about the upcoming Payday Super changes from 1 July 2026.
Tuesdays Federal Budget, delivered by Jim Chalmers, included some of the most significant proposed tax changes seen in Australia in decades.
The Federal Government’s proposed Division 296 superannuation tax has now passed the Senate, with the legislation approved by a vote of 33 to 22.
The Federal Government’s proposed Division 296 superannuation tax has now passed the Senate, with the legislation approved by a vote of 33 to 22.
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When you spend money on your rental property, not all expenses are treated the same for tax purposes. Some can be claimed straight away, while others need to be spread out over time. Getting this right is important to ensure you maximise your deductions and stay compliant.
The general interest charge (GIC) and shortfall interest charge (SIC) imposed by the ATO will no longer be tax-deductible. This change will increase the overall cost of carrying a tax debt, making it more important than ever for you to stay on top of your obligations.
The Budget leans more toward political announcements than it does toward meaningful structural reform in tax, superannuation, or other major policy areas.
In 2024, Australians reported losses exceeding $319 million due to various fraudulent activities and we have outlined the most prevalent scams from the past year and emerging threats to be vigilant about in 2025.
In today’s dynamic business environment, effective cash flow management is essential for the sustained growth and resilience of small and medium enterprises (SMEs).
Earlier this week, the Queensland State Government announced a $10,000 grant program to assist Queensland small businesses. The total program is $100m and will help approximately 10,000 small businesses. To be eligible, businesses need to meet the following criteria: Be able to demonstrate a significant impact on their business from
As explained in our previous updates, the JobKeeper enrolment is a three step process: Enrol your business for the JobKeeper Payment Identify your eligible employees & business participant Make a monthly business declaration For those organisations, who have already enrolled for the JobKeeper Payment (Step 1), it is now time
The JobKeeper program has opened for enrolment from today. Enrolment is the first of a three step process for eligible businesses to claim the JobKeeper Payment. The three steps are as follows: 1. Enrol your business for the JobKeeper Payment 2. Identify your eligible employees 3. Make a monthly business
With the country now being some weeks into the COVID-19 crisis, you may feel inundated with the volume of information and guidance in relation to it. To assist with refocusing your energies, one of our software providers, MYOB, have developed the below Business Action Checklist. This checklist is designed to
In conjunction with the Cairns Post, we have launched a website providing videos and resources to help the Cairns business community understand what Government support is available during the COVID-19 crisis. This website has been created with the support of Tourism Tropical North Queensland, Advance Cairns, Cairns Chamber of Commerce,
The ATO have released more information about the JobKeeper Payment, including how the program will be administered. To ensure all of our clients are up to date with the latest developments, we have summarised some key information below. When will registration begin and how will businesses register? Businesses will be
The JobKeeper Payment announced by the Prime Minister on Monday has been well received by employers and employees struggling through the COVID-19 crisis. We have already had many enquiries from employers about how this scheme will operate. These employers have had many enquiries from their staff. To help everyone understand
As you may be aware, the Federal Government announced this week, a wage subsidy for businesses impacted by COVID-19. The subsidy, known as the JobKeeper Payment, will be a payment made by the Government to businesses who have suffered a significant downturn in income (as a result of COVID-19) to
The details of two Government backed loan programs, designed to help those businesses suffering from COVID-19, have now been confirmed. One, is a Queensland State Government program to be administered by the Queensland Rural and Industry Development Authority (QRIDA). The other, a Federal Government supported program to be administered by
The COVID-19 crisis continues to escalate quickly impacting all businesses. We expect this crisis will worsen making planning and cashflow management critical for all businesses, not just those in initially impacted industries. Last week, the Federal Government announced stimulus measures to assist businesses to deal with the implications of COVID-19.
COVID-19: Federal Government Stimulus Package Announced The World Health Organisation has now declared COVID-19 (coronavirus) a pandemic. Since its initial identification in Hubei Province, China in November-December 2019, the novel coronavirus outbreak has spread outside the region, affecting more than 20 countries and impacting health, trade, travel and the global
The Superannuation area is a constantly changing environment with further proposed changes planned for 2020. Fund members should be aware of opportunities that are available to them, how the ATO target areas may impact them and future proposed changes. Catch-up Concessional Contributions Since 1 July 2018, members with a total