The ATO has extended COVID-19 relief for SMSF trustees. The relief measures, which protect trustees from COVID-19 related contraventions of the super laws, now extend from the 2019-20, 2020-21 and 2021-22 financial years. The relief measures provide: Residency relief where the pandemic has prevented members from returning to Australia. This measure prevents the SMSF from breaching […]
SMSF COVID-19 Audit Relief Extended Read More »
Contact us for our 3 page guide which sets out what support is available to Queenslanders impacted by the lockdown – although full eligibility details of the business support, and details of how to evidence the 30% reduction in turnover, are not available as yet. Contact us
Queensland Lockdown Support Read More »
As the new financial year looms upon us, it is important for businesses to focus their attention on budgets and forecasts. So what is the difference between the two and why are they important? A budget is typically an outline of your expectations for the coming financial period. It is where you want your business
Budgeting & Forecasting Read More »
Thank you to the Ipswich Chamber of Commerce and Queensland Trust for Nature for the inaugural QTFN Food and Agribusiness Conference at Spicers Hidden Vale. Check out the full story on Queensland Country Life website: https://www.queenslandcountrylife.com.au/story/7267153/ipswich-agribusinesses-make-the-connection-photos/?cs=4699&fbclid=IwAR08BFXOljk5M58gQFq8qqx6y4PSDKNb4XBrIclz1YXByvuE1OAvMlA8csU
Ipswich Agribusiness Read More »
The 2020-21 personal income tax cuts announced are now law. Employers need to ensure that the tax withheld from employee salaries is correct. The ATO has published updated tax tables that apply from 13 October 2020. Employers have until 16 November 2020 to implement the changes
Tax Table Reminder Read More »
We have updated the guide for the new information on JobKeeper, the measures for residential tenants/landlords, and some of the State and Territory initiatives. To access the guide, please click here
Update: COVID-19 Stimulus Package & Support Measures Read More »
Confused about the stimulus and support measures available? You are not alone. We have updated our guide following the passing of legislation. Our guide not only covers off on support for businesses, but also what is available for individuals. We look at the measures on a state and federal level. If you would like a
Updated: COVID-19 Stimulus Package & Support Measures Read More »
The Australian Taxation Office (‘ATO’) has announced a temporary simplified short cut method to make it easier for individual taxpayers to claim deductions for additional running expenses incurred (e.g.,additional heating, cooling and lighting costs), as a result of working from home due to the Coronavirus pandemic. Refer to the ATO’s Media Release of 7 April
Claiming Home Office Running Costs Read More »
Confused about the stimulus and support measures available? You are not alone. Over the last few weeks, we have been inundated with announcements on the various measure the federal government and state governments are offering businesses and individuals. To help wade through all the various pieces of information and support measures, we have compiled a
COVID-19 Stimulus & Support Measures Read More »
The Government yesterday released a second, far reaching $66.1 bn stimulus package that boosts income support payments, introduces targeted changes to the superannuation rules, provides cash flow support of up to $100,000 for small business employers, and relaxes corporate insolvency laws. The stimulus measures are not yet legislated. Parliament will reconvene on Monday 23 March. The Prime
The Second $66.1 bn Stimulus Package: What You Need To Know Read More »
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