Superannuation Update
1. Contribution Rules Currently, if you are between 67 and 74 years of age your ability to make superannuation contributions [...]
Allocation of Professional Firm Profits – ATO Compliance Approach
The ATO have now published Practical Compliance Guideline (PCG) 2021/4 that deals with the ATO’s compliance approach to the allocation [...]
Director ID
As of November 2021, all company Directors will need to apply for a director identification number (Director ID), as part [...]
2020 – 2021 Federal Budget – Individuals: What is in it for you?
The October 2020 Budget was being built up by many as a budget for the ages. In reality there was [...]
2020 – 2021 Federal Budget – Businesses: What is in it for you?
While the Government has invested a significant amount of money through JobKeeper to encourage and assist businesses to maintain its [...]
2020 Tax Planning Businesses
2020 has been a difficult year for Australian businesses across all sectors when you consider that we started with a [...]
Victorian Business Support Fund
In addition to the Federal Government response to the Coronavirus, the Victorian State Government has established a $1.7 billion Economic [...]
Stimulus Package and impact for Retirees
With the release of the Government's Stimulus Package Retirees may need to review their situation. Have you been wondering what [...]
Early Release of Superannuation on Compassionate Grounds
One aspect of the Australian Government’s stimulus package was allowing individuals adversely affected by the economic effects of the Corona [...]
JobKeeper Payment
The Government has announced a further round of economic stimulus measures with the main focus being on providing income support [...]