With the end of the financial year fast approaching, now is the perfect time to make some final checks and ensure everything is in order for your SMSF before 30 June. The following are some matters that you might want to know more about, particularly if you have taken advantage of some of the COVID-19 relief measures. …
Category: Tax
IDAWS 2021-2022 Budget Breakdown!
2021 BUDGET UPDATE Last night Treasurer Josh Frydenberg delivered the 2021 budget speech in Federal Parliament. As expected, the purse strings have been loosened and there are some significant changes that our clients will be interested in, most notably in the areas of small business, personal income tax and superannuation. As always it is important…
WE JUST MADE ONE OF OUR CLIENTS $20,000 – TAX FREE!
Today is a good day! Yes, masks are off when you’re outside but that’s not what we’re talking about. Today we received confirmation from the ATO that based on an objection we raised on behalf of one of our clients, they had overturned a decision not to pay that client the Cash Flow Boost. Our…
CURRENT VICTORIAN GOVERNMENT GRANTS
The Victorian government has responded to the COVID-19 pandemic with a raft of grants and support packages and navigating these has become increasingly confusing. As it stands businesses may be eligible for one or more of the following; – Business Support Fund – Licensed Hospitality Venue Fund – Sole Trader Support Fund – Outdoor Eating…
2020 Income Tax Return Checklists
Please find our 2020 Checklists for your Income Tax Return using the links below. ID 2020 Individual Checklist ID 2020 Business Checklist
$10,000 GOVERNMENT GRANT PROGRAM WIDENED
The Victorian government has expanded the eligibility of it’s Business Support Fund grants. Whereas previously businesses had to have been subject to closure or highly impacted by Restricted Activity Directions issued by the Deputy Chief Health Officer to receive the grant, applications will soon be open to businesses in any industry provided they meet the…
ATO extends initial JobKeeper payment deadline
Employers looking to enrol for the first two JobKeeper fortnights have now been granted a further extension of time to enrol and pay employees. The ATO has now announced an extension of time for employers who wish to enrol for the first two JobKeeper fortnights to 31 May, an extension from 30 April. Crucially, for…