Super Contribution Caps to increase from 1 JULY 2021
The Australian Taxation Office (ATO) has confirmed increases to concessional super contributions, as well as changes to non-concessional super contributions and the transfer balance cap…
Category: Tax Compliance
Preparing for the end of JobKeeper
Key dates and actions for employers Source: [The Australian Chamber of Commerce and Industry] The Federal Government’s JobKeeper scheme came to an end on 28…
Circuit Breaker Action Business Support Package
On Sunday 21 February 2021, the Victorian Premier Mr Daniel Andrews announced a further $143 million support package for eligible Victorian businesses (including sole traders)…
Christmas Parties and Gifts – The Tax Implications
Traditionally, Christmas is a time for giving. Many employers choose to show their gratitude towards staff and clients by providing social activity functions such as…
Federal Budget Update 2020
INTRODUCTION On 6 October 2020, Treasurer Josh Frydenberg handed down a historic Federal Budget. This year has been unprecedented, with Australia and the rest of…
JobKeeper 2.0 and 3.0
On 21 July 2020, the Government announced that the JobKeeper Payment (JKP) scheme would be extended until 28 March 2021 (i.e., for a further six months beyond its original finish date of 27 September 2020).