From 1 July 2020 any person who is considered a foreign resident for tax purposes will no longer receive the main residence exemption even if they have….
2021 Covid 19 Lockdown Grant
With the recent lockdown in Queensland, the Qld Government in partnership with the Federal Government have released an assistance package for businesses….
ATO – PAYG Instalments System
Whenever you lodge a Tax Return with the ATO they assess your current situation and if you meet certain criteria, they then automatically enter you into the….
Taxable Payments Annual Report (TPAR)
If your business makes payments to contractors or subcontractors you may need to lodge a Taxable payments annual report (TPAR) by 28 August each year.
ATO Access
Did you know the ATO collects information for the purpose of ‘Data Matching’ from a wide range of third party sources, public and private, with over 600 million…
Do you want fries with that?
Now that I’ve got your attention, did you know super laws are set to change again from 1 July 2022. Although the laws are yet to be passed, it is expected….
Increase to National Minimum Wage – does this affect your business?
Fair Work have recently announced the national minimum wage has received an increase of 2.5% with the change to affect all awards in three stages, those being…
Work Related Deductions
Happy 2022 financial year! Another year gone and Covid is still impacting us. Here are some handy tips about what we can claim this year. Please remember…
Over 65 and contributing to super
If you make contributions above the annual non-concessional contributions cap (super contributions you won’t be claiming a tax deduction for) you may be eligible…
Did you know you can report GST annually?
Did you know you can switch your GST reporting to annually?
If you are voluntarily registered for GST.(that is if your turnover is under $75,000 or $150,000 for not for profit)…
