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Technical Article
4 minute read
Treasurer Dr Jim Chalmers unveiled the proposed Better Targeted Super Concessions as a new tax on...
1 minute read
It has long been the ATO’s practice to treat a trust’s unpaid present entitlements (“UPE”) to a...
3 minute read
Small businesses with an aggregated turnover of less than $50 million will be able to claim a bonus...
1 minute read
From the 1 July 2023 your wages data collated from your Single Touch Payroll (STP) lodgments will...
3 minute read
Small business with an aggregated turnover of less than $50 million will be entitled to a 20% bonus...
1 minute read
On 2 June 2023, the Fair Work Commission (FWC) handed down its decision in theAnnual Wage Review...
26 minute read
The Federal Treasurer, Dr Jim Chalmers, handed down the 2023–24 Federal Budget at 7:30 pm (AEST) on...
2 minute read
In response to COVID-19 causing a large shift to the number of employees working from home the...
4 minute read
The Queensland Revenue Office released their public ruling on the 22nd of December regarding...
2 minute read
Right on the heels of the recent Guardian court appeal where the commissioner succeeded in applying...
3 minute read
Changes to workplace sexual harassment laws.Prohibition is set to ‘cure the cause not the effect!’
3 minute read
Respect at work – Fair Work Commissioner rejects Stop-Bullying claim. Common sense prevails.
2 minute read
Naturally, people aspire to get the most out of their investments, especially if a great...
4 minute read
Respect at work - unlawful sex discrimination, sexual harassment and victimisation
2 minute read
Legislation* increasing the income limits for the Commonwealth Seniors Health Card (CSHC) has...
20 minute read
The Federal Treasurer, Dr Jim Chalmers, handed down the Labor government's first Federal Budget at...
2 minute read
No leniency for a small business that failed to provide training for its employees
2 minute read
Could you pay your employees with ‘more time’ ?
3 minute read
Are you experiencing a high level of absenteeism in your business? Employees taking leave due to...
2 minute read
A full FBT exemption for electric vehicles was introduced into parliament on 27 July 2022. This...
2 minute read
With our low unemployment rate and a skills shortage, many businesses across the board are relying...
2 minute read
Why is a written employment agreement/contract necessary for employees covered by a modern award?
1 minute read
The super guarantee (SG) rate will increase from 10% to 10.5% which comes into effect from 1 July...
1 minute read
The Fair Work Commission handed down its decision to increase minimum wageseffective 1 July 2022 on...
2 minute read
We’re officially on the last leg of the 2021-2022 financial year. If you want to kick off the new...
3 minute read
The ATO has put its foot down, from 1 July 2022, trust distributions made to companies will no...
2 minute read
Several key super changes which may impact your ability to contribute to your Super and Self...
11 minute read
We have summarised the key points from the 2022-2023 budget, that we believe will have the most...
2 minute read
We have summarised the key points from the 2022-2023 budget, that we believe will have the most...
2 minute read
We have summarised the key points from the 2022-2023 budget, that we believe will have the most...
1 minute read
We have summarised the key points from the 2022-2023 budget, that we believe will have the most...
2 minute read
There are varied viewpoints generated by this year’s Federal Budget, putting aside the potential...
2 minute read
We have summarised the key points from the 2022-2023 budget regarding the Australian Economy.
4 minute read
We have summarised the key points from the 2022-2023 budget, that we believe will have the most...
3 minute read
We have summarised the key points from the 2022-2023 budget, that we believe will have the most...
3 minute read
This question has plagued business for many years. Recent High Court decisions now provide...
6 minute read
The highly anticipated ATO tax ruling on 100A reimbursement agreements was released on the 23rd...
1 minute read
Schedule X – unpaid pandemic leave was provided for in 99 modern Awards in 2020, in response to the...
1 minute read
Employers can no longer make superannuation payments to their default super fund if a new employee...
1 minute read
On the 16th December 2021, the ATO finalised their Practical Compliance Guideline on the allocation...
2 minute read
You’ve set up your Self Managed Superannuation Fund (SMSF), and now you want to make sure that you...
1 minute read
The Australian Securities and Investments Commission (ASIC) published a fact sheet showing the...
2 minute read
The long-awaited increase to superannuation guarantee is upon us with no further delays announced...
5 minute read
Recent changes to the Fair Work Act for casual employment and an employer’s obligations. The Fair...
2 minute read
We have summarised the key points from the 2021-2022 budget regarding the Australian Economy.
14 minute read
We have summarised the key points from the 2021-2022 budget, that we believe will have the most...
4 minute read
We have summarised the key points from the 2021-2022 budget, that we believe will have the most...
2 minute read
The Federal Government’s 2021 Budget is a complex mixture of economic measures that continues its...
6 minute read
We have summarised the key points from the 2021-2022 budget, that we believe will have the most...
3 minute read
We have summarised the key points from the 2021-2022 budget, that we believe will have the most...
2 minute read
We have summarised the key points from the 2021-2022 budget, that we believe will have the most...
2 minute read
We have summarised the key points from the 2021-2022 budget, that we believe will have the most...
5 minute read
Note: Update to the allocation of professional firm profits can be read here. The ATO has released...
2 minute read
The Fair Work Act and other legislation impacting employer / employee relationships can be...
3 minute read
If you’re running yourself ragged to reach your business’ financial goals (and you feel like...
2 minute read
When the economy is going well, companies need to be more aware of whether they are over- or...
2 minute read
Having an experienced, knowledgeable employee leave your company - for any reason - can be an...
3 minute read
Terminating someone's employment is never an easy decision, but there are circumstances in which...
1 minute read
Employer Alert — Are you applying the right method when calculating overtime for your casual...
3 minute read
A feature of this Budget is its focus on economic recovery by encouraging Australians to spend...
13 minute read
We have summarised the key points from the 2020-2021 budget, that we believe will have the most...
1 minute read
We have summarised the key points from the 2020-2021 budget, that we believe will have the most...
2 minute read
We have summarised the key points from the 2020-2021 budget, that we believe will have the most...
2 minute read
We have summarised the key points from the 2020-2021 budget, that we believe will have the most...
5 minute read
We have summarised the key points from the 2020-2021 budget, that we believe will have the most...
5 minute read
We have summarised the key points from the 2020-2021 budget, that we believe will have the most...
3 minute read
In addition to the basic actual decline in the turnover test, the ATO has released their...
3 minute read
On 3 September 2020, Parliament decided to extend the JobKeeper Scheme until 28 March 2021, that...
2 minute read
Could underpayment of wages be ‘stealing’?
2 minute read
The Government has amended the Fair Work Act (FW Act) to assist employers (that meet the...
2 minute read
Good news for employers - common sense prevails The High Court has ruled that the method of...
3 minute read
If you are an employer or own a self-managed superannuation fund (SMSF) you may be required to...
11 minute read
JobKeeper Payments Package – Rules Now Registered Commences from fortnight starting 30 March 2020...
4 minute read
The Fair Work Act (FW Act) was amended just before Easter (9 April 2020) to support the Jobkeeper...
2 minute read
On 8 April 2020, the Fair Work Commission made the decision to insert a new schedule, Schedule X, ...
3 minute read
The National Cabinet Rent Code. Up-to-date as at 8 April 2020. The purpose of the Code of Conduct...
4 minute read
UPDATED THURSDAY, 2 APRIL 2020 On Sunday, 29 March 2020 the Prime Minister’s office made the...
4 minute read
The key business focused support packages available are summarised below, please click on the...
1 minute read
Many Australians are being stood down during this pandemic and will need to apply for Centrelink...
4 minute read
Over the past two weeks the Government has announced two economic stimulus packages to cushion the...
4 minute read
Over the past two weeks the Government has announced two economic stimulus packages to cushion the...
3 minute read
How to stand down your employees when circumstances go beyond your control? The Federal Government...
3 minute read
Coronavirus Business Assistance – Federal and State Government responses – so far….
5 minute read
Updated: Stimulus relief package for individuals and what this could mean for you
4 minute read
Market Update - 17 March 2020
1 minute read
GST component now included in Director’s Penalty Notice regime, from 1 April 2020.
2 minute read
Some of the most effective tax savings are to be found in the Small Business Capital Gains Tax...
1 minute read
In the Media About 900,000 Australians will see an increase to their fortnightly social security...
2 minute read
The ATO released guidance to SMSF Trustees on Investment Strategies on the 19/02/20. The ATO has...
2 minute read
What do employers need to know? Underpayment of wages, headlined ‘Wage Theft’ in the media, is...
2 minute read
As Trustee of a Self-Managed Superannuation Fund you are required to have an independent audit...
5 minute read
Employer Alert How will the changes impact your business? Late last year, the Fair Work Information...
4 minute read
Generally, many business owners expect that the cost of labour will give rise to a tax deduction in...
2 minute read
On 5 December 2019, the Treasury Laws Amendment (Reducing Pressure on Housing Affordability...
2 minute read
A common question among property investors is whether depreciation is worth claiming if it will...
2 minute read
Are you paying your employees too much when it comes to annual leave loading and super...
2 minute read
On 28 June 2019 the Queensland Parliament passed the Revenue and Other Legislation Amendment Bill...
1 minute read
Time to take action if you wish to retain your insurance through your inactive super fund. You may...
8 minute read
The topics covered in this blog are a snapshot of some of the things to consider as we head towards...
1 minute read
Employers are now protected from casual employees ‘double-dipping’ under the Fair Work Act...
2 minute read
With a speed not usually seen with tax legislation, the Treasury Laws Amendment (Lower Taxes for...
1 minute read
There is now further relief for primary producers to allow immediate deductions for fodder storage...
4 minute read
Casual employees may request conversion to permanent employment from 1 October 2018.
4 minute read
The Treasury Laws Amendment (Enterprise Tax Plan Base Rate Entities) Bill 2018 received royal...
2 minute read
The journey to Workplace Health and Safety (WHS) compliance can be overwhelming for many SMEs. It’s...
1 minute read
We are one month into the new financial year already.As a business owner, you may be taking this...
3 minute read
The Treasury Laws Amendment (2018 Measures No. 1) Bill 2018 was passed on the 29 March 2018. This...
1 minute read
The Palaszczuk Government’s tax on ‘luxury vehicles’ commences 1 July 2018 imposing an extra 2%...
The media is buzzing with news of the Turnbull Government’s personal income tax package for low and...
8 minute read
On 2nd April 2018, significant changes to the Real Estate Award 2010 'Award'took effect.
1 minute read
With the end of the financial year approaching the ATO has released its hit list of what will be...
2 minute read
You may have noticed significant media coverage recently regarding the Australian Labor Party’s...
3 minute read
A new law removing a Foreign Residents’ access to the Capital Gains Tax (CGT) exemption on the sale...
2 minute read
Why does The Office of State Revenue (OSR) Group? When commonly owned or commonly controlled...
2 minute read
Payroll Tax is a state tax collected on wages once the applicable threshold has been met.
2 minute read
Bitcoin- the fuss isn’t just about the price!
1 minute read
The most dramatic change to property depreciation legislation in more than 15 years was passed in...
2 minute read
The Minister for Revenue and Financial Services, the Hon Kelly O’Dwyer MP hasstatedthat the...
2 minute read
The Fair Work Commission Full Bench has ruled in favour of inserting a ‘casual conversion’ clause...
2 minute read
From 1 July 2015 theTreasury Laws Amendment (2017 Enterprise Incentives No. 1) Bill 2017which...
1 minute read
From 1 July 2017 even more purchasers of real property in Australia will need to be aware to the...
8 minute read
At National Press Club of Australia on 5 July 2017 the Commissioner of Taxation, Chris Jordan...
1 minute read
As of 1 July2017,the ATO will be attempting to apply commercial pressure on taxpayers who have...
1 minute read
When we think of rental properties most of us think of passive investments. However, are you really...
3 minute read
Are you aware that all assets held within Self Managed Superannuation Funds (SMSFs) need to be...
3 minute read
Business income and expenses Subject to cash flow requirements, consider deferring income until...
1 minute read
There are many reasons for going into business but fundamentally it is to make profit. It may seem...
2 minute read
For many SMEs, managing their workforce is often trial and error. Mistakes are made – some costly -...
1 minute read
Ride sharing disruptor Uber has lost its fight against the Australian Taxation Office in the...
3 minute read
Over the past six months there have been huge changes to superannuation law as a result of...
3 minute read
The corporate tax rate for a small business has been decreased from 30% to 28.5% for the 2015-2016...
1 minute read
The new financial year will see a new obligation to be levied on the sellers and purchasers of...
1 minute read
The new financial year will see a new obligation to be levied on the sellers and purchasers of...