The government is seeking broad changes to address the under-development of the retirement phase of the superannuation system. This has come about as a result of a recent government review […]
After another challenging year, businesses may be wondering whether the amounts they’ve received from governments as various COVID-19 recovery grants or recovery payments should be included in their assessable income. […]
Rental property owners beware, this tax time, the ATO will be expanding the rental income data collected directly from third-party sources including sharing economy platforms, rental bond authorities, and property […]
Div 293 tax is imposed on individuals that exceed the high income threshold of $250,000. The consequence of this tax is that an addition 15% tax is imposed on their […]
With the circulation of the Delta variant, many parts of Australia are now under lockdown putting increasing strain on small and large businesses alike. Unlike the previous nationalised COVID-19 support […]
In a bid to keep help businesses through the latest never-ending lockdown, the NSW government has expanded the JobSaver program to include more businesses as well as increase the amount […]
As the sharing economy becomes more prevalent and fundamentally reshapes many sectors of the economy, the government is scrambling to contain the fall-out. While there no standard definition of the […]
With the extension of the NSW lockdown by another 4 weeks, both the Federal and NSW government has flagged extra financial support for individuals. Eligible workers will be in line […]
From 1 July 2021, a whole raft of superannuation changes as a part of the government’s more flexible superannuation changes has come into effect. Three of the most important changes […]
Single Touch Payroll (STP) was originally introduced in 2016 as a way for employers to report their employee’s tax and super information to the ATO in real time. Most employers, […]
