Keeping up with the latest in the accounting news.

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Super guarantee contribution due date for June 2021 quarter

Posted by Todd Hodkinson on July 1, 2021

The due date for employers to make super guarantee contributions for their employees for the June 2021 quarter is 28 July 2021. Note that the super guarantee rate in relation […]

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Townsville COVID Lockdown – Update (29 June 2021)

Posted by Todd Hodkinson on June 29, 2021

Today a snap lockdown was announced for the Townsville area for between 6pm Tuesday the 29th of June and 6pm Friday the 2nd of July 2021. We have proactively taken […]

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Superannuation guarantee to increase, who bears the brunt?

Posted by Todd Hodkinson on June 15, 2021

Our friends at Cohen Legal have written an excellent article detailing the upcoming increase to the Superannuation Guarantee rate. Please don’t hesitate to contact our office if you have any […]

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Federal Budget 2021 – Superannuation related changes

Posted by Todd Hodkinson on May 13, 2021

Removing the work test for voluntary contributions The Government has announced that it will allow individuals aged 67 to 74 years (inclusive) to make or receive non-concessional contributions (including under […]

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tax policy

Federal Budget 2021 – Changes affecting business taxpayers

Posted by Todd Hodkinson on May 13, 2021

Temporary full expensing extension In the prior year (2020/21) Federal Budget, the Government announced amendments to allow businesses with an aggregated turnover of less than $5 billion to access a […]

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Federal Budget 2021 – Personal Income Tax Changes

Posted by Todd Hodkinson on May 12, 2021

Retaining the Low and Middle Income Tax Offset (‘LMITO’) for the 2022 income year The Government has announced that it will retain the LMITO for one more income year, so […]

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Who do we tax and why?

Posted by Todd Hodkinson on October 13, 2020

Each year, Accountants and Tax Agents approach Federal budget time with both anxiety and optimism.  Potential changes may bring not only opportunities for us to help out clients but also […]

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Australian Federal Budget 2020-21 – Overview

Posted by Todd Hodkinson on October 7, 2020

Detail from https://www.charteredaccountantsanz.com Government is spending big on infrastructure, job creation, asset write-offs and personal tax cuts In Brief A record $213.7 billion deficit and net debt predicted to peak […]

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Businesses now able to claim JobKeeper for new employees

Posted by Todd Hodkinson on August 17, 2020

A legislative instrument was registered on 14 August 2020 amending the JobKeeper rules to allow businesses to claim the subsidy in respect of new employees. The changes apply to JobKeeper […]

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JobKeeper 2.0

Posted by Todd Hodkinson on July 22, 2020

Some important announcements yesterday for those businesses who continue to be affected by COVID-19 restrictions.  The well received and targeted JobKeeper program has been extended for those business that continue […]