Blog
Tax debts may affect business credit score
Feb 11, 2022
If your business has had issues paying your tax debt due to the ongoing effects and uncertainty surrounding the COVID-19 pandemic, remember that the best option is to engage with the ATO to manage those debts. Failure to get in touch with the ATO to come to an...
SMSFs investing in crypto-assets
Feb 11, 2022
Current record low deposit rates and volatility in stock markets around the world has motivated many retirees to seek alternative asset classes to either protect their investments or get a higher return. In conjunction with these sentiments, there has been a...
COVID-19 vaccination rewards: tax implications
Feb 11, 2022
With most of Australia and the world still in the grips of the COVID-19 pandemic, many businesses, both public and private, are offering rewards and incentives for their employees to get vaccinated and/or get the booster dose. Depending on the type of reward or...
NSW Business Support Package 2022
Feb 2, 2022
On Sunday, the NSW Government announced a $1bn business support package including: The Small Business Support Package The NSW Small Business Support package provides eligible employing businesses with a lump sum payment of 20% of weekly payroll, up to a...
Special Disaster Grants – NSW Severe Weather & Flooding November 2021
Jan 27, 2022
Author: New South Wales Government. Article can be found here. The NSW and Australian Governments have announced additional assistance measures to support primary producers who have been impacted by the floods and severe weather that occurred during November and...
Why do you need a Strong myGovID?
Jan 21, 2022
10 January 2022 Author: Australian Government. Article can be found here. To access government online services on behalf of a business or entity, you need a myGovID. Your myGovID is your digital identity for government services. Strong identity strength with face...
Changes to the SME recovery loan scheme
Jan 21, 2022
As the omicron wave hits large parts of the country, many small to medium businesses may be feeling the pain. If your small to medium business is in need of some financial support, there is still time to apply for the government’s SME Recovery Loan Scheme. The end...
IP insurance in super: beware of offsets
Jan 21, 2022
Insurance within super is usually the most cost effective way for an individual to cover themselves in the event of a mishap. Most super funds typically offer three types of insurance for their members consisting of life cover, total and permanent disability (TPD) and...
Support for your business in difficult times
Jan 21, 2022
Australian Government Taxation Office - Article found here 7 January 2022 The Australian Government have a range of support available for small businesses experiencing difficult situations, such as natural disasters, mental health challenges or financial hardship....
Future direction of the ATO
Dec 16, 2021
The Commissioner of Taxation, Chris Jordan, spoke recently at a conference about what’s in store for the ATO including upcoming changes, transformations, aspirations for the future, as well as support for small businesses. According to Commissioner Jordan, the main...
Changes to Superannuation for the 2022 Financial Year
Dec 16, 2021
Contribution caps Good news for anyone wishing to contribute more to super: from 1 July 2021, the concessional contribution cap increased from $25,000 to $27,500. The non-concessional cap increased from $100,000 to $110,000 following indexation is the first increase...
NSW remote witnessing provisions extended indefinitely
Dec 16, 2021
By Karina Waite & the Legal Services Team Back in April 2020, temporary measures were introduced in NSW that permitted the remote witnessing of legal documents over audio-visual link (AVL), such as by Skype, FaceTime, Zoom and Microsoft Teams. Witnessing of legal...