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Insights

31.01.2022

Insights - Additional NSW COVID 19 Support for Business

The NSW Government has released some much needed additional support for businesses hit by the Omicron variant and associate public health orders. -Small Business Support Program -Extension of Small Business Fees, Charges and RAT Rebate -Commercial Landlord Hardship Grant Read More

19.01.2022

Insights - Don’t PSI off the ATO! What you need to know about personal services income (PSI) so you don't get caught out by the ATO.

The Personal Services Income (PSI) provision catches out a lot of well-intentioned Aussies trying to reduce their tax payable by splitting their income. Getting PSI wrong can have disastrous financial outcomes so understanding your position is crucial. Read More

22.12.2021

Insights - New Guidance for Profit Allocation in Professional Services Firms

The ATO has released draft guideline PCG 2021/D2 which impacts on the way professional practitioners are able to allocate their profits.  This means that accountants, architects, engineers, financial advisors, lawyers and medical professionals may need to adjust their remuneration arrangements to meet the new requirements. Read More

06.12.2021

Insights - STP Phase 2 starting 1 January 2022

STP Phase 2 is due to start from 1 January focusing on streamlining reporting obligations with other government agencies which previously have been reported manually. Check to see you your provider has a deferral or if the changes will apply for you from January. Read More

02.11.2021

Insights - Tourism & Hospitality Sector Hardship Grant

Tourism and hospitality has been hardest hit by border closures, lockdowns and other travel restrictions and many businesses continue to fact significant hardship. The Tourism and Hospitality Sector Hardship Grant aims to provide relief and help maintain employment and fund expenses. Read More

15.10.2021

Insights - Super Stapling starts 1 November 2021.

Changes to requirements for employer super come into effect from 1 November. Are you ready? Read More

09.10.2021

Insights - New Director ID Requirements to start 1 November

ASIC is introducing new Director identification requirements which will commence in November 2021 with the aim of allowing regulators to track Directors of failed companies and help identify businesses doing the wrong thing. Read More

01.09.2021

Insights - Qld COVID-19 Business Support Grants for non employing businesses

Queensland government is providing support to non employing businesses impacted by recent lockdown periods. All eligible applicants who apply before 30 November will be funded so you should review your figures and apply. Read More

16.08.2021

Insights - Qld COVID-19 Business Support Grants

Queensland government is providing support to businesses impacted by recent lockdown periods. All eligible applicants who apply before 16 November will be funded so you should review your figures and apply. Read More

03.07.2021

Insights - Research & Development (R&D)

AusIndustry has released a refreshed version of its R&D Tax Incentive ‘Guide to Interpretation’, clarifying the key issues SMEs face when applying for the incentive. Read More

03.07.2021

Insights - Superannuation

From the 2019-20 financial year, individuals now have an opportunity to carry forward their unused concessional contributions (‘CC’) cap from previous financial years to a later year (‘the carry forward rule’). Read More

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