General
How the myGov update affects taxpayers
Posted by Todd Hodkinson on October 3, 2022
Clients using myGov will see that it has recently been updated with a new look and more features. When signed in to myGov, clients might receive notifications through ‘Payments and […]
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General
Varying PAYG instalments
Posted by Todd Hodkinson on October 3, 2022
The ATO is reminding taxpayers that they can vary their pay as you go (‘PAYG’) instalments if they think the amount they pay now will be more or less than […]
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General
Banking business income to a private account.
Posted by Todd Hodkinson on October 3, 2022
The ATO has stated that it has “no concerns” with business owners banking their business takings or other sales in private accounts, but that this may become an issue when this income isn’t reported. […]
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General
More COVID-19 business grants are now tax-free
Posted by Todd Hodkinson on September 3, 2022
The Federal Government has expanded the list of State and Territory COVID-19 grant programs that may be tax-free to eligible businesses. A State or Territory Government COVID-19 grant payment will […]
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General
Small business tax incentives back on the table
Posted by Todd Hodkinson on September 3, 2022
The Albanese Government has confirmed its commitment to implementing two tax incentives aimed at supporting small businesses to train and upskill employees, and improve their digital and tech capacity. The Technology […]
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General
ATO reminder about appointing an SMSF auditor
Posted by Todd Hodkinson on September 3, 2022
The ATO is reminding trustees of self-managed super funds (‘SMSFs’) that they need to appoint an approved SMSF auditor no later than 45 days before the lodgment of their fund’s […]
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General
Rental properties and second-hand depreciating assets
Posted by Todd Hodkinson on September 3, 2022
The ATO is reminding taxpayers that have a residential rental property, to take care when making claims for ‘second-hand depreciating assets’ used in their properties. In most cases, these are […]
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General
Super comparison tool updated
Posted by Todd Hodkinson on September 3, 2022
The YourSuper comparison tool helps individuals compare MySuper products and choose a super fund that meets their needs. It ranks the performance of these products by fees and net returns. […]
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General
QBCC now require General Purpose Financial Statements.
Posted by Todd Hodkinson on September 3, 2022
It’s a considerable and bizzare change to the QBCC’s financial reporting regime that will add considerable cost to an industry already feeling the strain of increasing expenses. The QBCC has […]
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General
Pandemic Leave Disaster Payment reinstated
Posted by Todd Hodkinson on August 8, 2022
In recognition of the risks associated with more infectious new Covid-19 variants through the winter period, the Federal Government has agreed to reinstate the ‘Pandemic Leave Disaster Payment’ to 30 […]
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