Have you applied for COVID-19 stimulus payments for your business? Have you received the JobKeeper payment as an employee? Taken advantage of the Early Release of Super scheme? There are plenty of compliance-related considerations this tax season! After an unusual and challenging second half of the 2019/20 financial year, we’re certainly not out of theread more
**Updated following announcement on 6 August 2020** The original JobKeeper payment was announced by the Federal Government in late March 2020 in response to COVID-19 and comprised a $1500 per fortnight wage subsidy for businesses so they could continue to pay eligible workers. For the most part, this payment helped keep people employed and theirread more
Not only has COVID-19 changed the way we socialise and live life day-to-day, the working from home landscape has shifted significantly. What used to be a flexible working arrangement predominantly offered by employers to allow staff to do things like look after children, reduce travel or improve work-life balance, has now evolved into something thatread more
The Australian Government has announced a third stimulus package, which is welcome relief for businesses and employees alike. The ‘Job Keeper’ Package will subsidise wages of $1,500 for each eligible employee (per fortnight) for a period of up to six months for all eligible businesses. In case you’ve missed out previous updates on the stimulus packages, feelread more
As we’ve outlined in a previous article, the government’s Superannuation Guarantee (SG) Amnesty was initially introduced in 2018. The SG amnesty has now been resurrected, and employers are once again being afforded the opportunity to rectify SG issues. So - what should you do if you think you have outstanding contributions owing? The SG Amnestyread more
In the constantly shifting landscape of Australian legislation and tax reforms, it can be tricky to keep up – even if you’re living here. But what if you move overseas? Aussie expats who sell their former family home are generally entitled to some or all of the Main Residence Capital Gains Tax (CGT) exemptions onread more
Travelling for work often means tax deductions – great news at tax time, especially if you aren’t keen to line the tax man’s pockets with any more money than absolutely necessary. But what happens when you get it wrong? Intentionally or otherwise, the Australian Taxation Office (ATO) is becoming increasingly vigilant when it comes toread more
Amongst all of the different areas the Australian Taxation Office (ATO) cracks down on from time to time, it can be hard to know what applies to you and what doesn’t. But for those receiving income from sources overseas, the ATO has recently provided guidance that aims to alleviate the confusion and ensure that everyoneread more
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