Last night the Government handed down the 2020/21 Federal Budget. As we expected this budget is focused on creating jobs through personal tax cuts, business incentives and job creation...
Budget 2020 - Implications for Individuals
Wednesday October 07 2020
Last night the Government handed down the 2020/21 Federal Budget. As we expected this budget is focused on creating jobs through personal tax cuts, business incentives and job creation...
JOBKEEPER 2 - CAN YOU GET IT AND IF SO WHAT DO YOU NEED TO DO
Friday September 25 2020
The legislation for the JobKeeper extension has now been passed and we have more clarity on eligibility and practicality. Remember even if you did not qualify for JobKeeper previously you can st...
Guide to most common mistakes made at 'Tax Time'
Thursday August 13 2020
As Tax Time 2020 has started the Australian Tax Office reminds us of the most common mistakes taxpayers make in preparing their income tax returns.These mistakes include: forgetting to...
JobKeeper Extension Conditions & Eligibility
Monday July 27 2020
On July 21, the Australian Government announced an extension to the Existing JobKeeper Payment. This extension will apply in two separate phases and is targeted at those businesses that have...
Business Year End Planning
Thursday June 25 2020
Businesses like to review their tax position at the end of the income year and evaluate any year-end strategies that may be available to legitimately reduce their tax. Traditionally,...
Year End Tax Tips for Individuals for 2020
Thursday June 25 2020
As we approach the end of the tax year there are some things to bring to your attention. Many of these you will know from prior years however there are some changes. In particular...
Proposed Residency Rules as issued by the Board of Taxation
Wednesday February 05 2020
In March 2019 the Board of Taxation delivered to the Treasurer it’s preferred model for simplifying the rules around the determination of individual residency. The proposed rules aim to...
No CGT Main Residence Exemption for Non-Residents
Wednesday January 29 2020
The Government recently tabled legislation, in a second attempt to deny access to the CGT main residence exemption for individuals who are foreign residents (i.e., non-resident taxpayers for...
ATO and 2019/2020 Bushfire Assistance
Wednesday January 22 2020
Following the devastating bushfires across large parts of Australia in the summer of 2019/2020, the ATO has offered ongoing concessions. In particular, a specific helpline (1800 806 218) has...