NEWS

7 June, 2022

Single Touch Payroll: Phase 2

Single touch payroll (STP) has now entered into Phase 2, although most employers may not yet be reporting under this phase as many digital service providers (DSP) have obtained deferrals […]
3 June, 2022

Operation Protego: Detecting GST Fraud

The ATO has lifted the lid on its most recent operation to stamp out GST fraud, Operation Protego, in order to warn the business community to not engage with fraudulent […]
31 May, 2022

Foreign Investors And Residential Property

With the government encouraging the return of foreign investors to Australia and the gradual reopening of international borders, many foreign workers and investors may soon be making their way onto […]
27 May, 2022

Check Your PAYG Instalments

The PAYG instalment system allows a business to spread its income tax liability across the tax year. This helps with cash flow, but also means the business is not faced […]
25 May, 2022

Downsizer Contributions: Age Limit Change

To help those nearing retirement boost their super balances, those aged 65 and over are able to make downsizer contribution of up to $300,000 from the proceeds of the sale […]
18 May, 2022

Election 2022: Winning The Senior Vote

Ahead of a tightly-contested election and in a bid to win the senior vote, both major parties have promised to expand the eligibility of the Commonwealth Seniors Health Card (CSHC) […]
11 May, 2022

Employees Vs Contractors: More Clarity Coming

The High Court recently handed down a significant decision dealing with the distinction between employees and independent contractors. The case concerned an “independent contractor” and a labour hire company. Although […]
29 April, 2022

FHSS Maximum Releasable Amount Increased

Cost of living pressures coupled with high house prices mean that many people in Australia are finding it increasingly difficult to get on the property ladder. This is not confined […]
27 April, 2022

Div 7A And Financial Accommodation

The ATO has recently released a significant draft ruling around Div 7A, which operates to ensure that private companies cannot make tax-free distributions of profits to shareholders or their associates […]
22 April, 2022

Reminder: Keep Whistleblower Policies Updated

The whistleblower protection regime was introduced in 2019, and required large proprietary companies, public companies as well as corporate trustees of registrable super entities to have specific policies that outline […]