COVID19 Update – WA Payroll tax and other measures

The WA State Government announced further measures to assist both small business and consumers during the COVID crisis. Please contact us here if you require assistance or to discuss how this and other measures announced affect your business. Payroll Tax Of particular benefit to small business is the announcement that payroll tax will be waived …

COVID19 Update – JobKeeper Payment Announced

Further to the measures announced by Federal and State Governments over the last few weeks, (as detailed in our previous blog here) the Government has announced a $130 billion JobKeeper payment to help keep more Australians in jobs and support businesses affected by the significant economic impact caused by the Coronavirus. Our view is that …

COVID19 Update – Government stimulus measures

Economic stimulus packages are being announced regularly, so we felt it important to provide regular advice and updates so we can keep track of the announcements, and what impact they have on us, our businesses and our super funds. We are here to assist you, with either understanding the available incentives, assisting to claim them …

COVID19 Update – Economic stimulus package

This morning, the Morrison Government announced a $17.6 billion economic stimulus package to support Australian businesses as we are dealing with the significant challenges posed by the spread of the coronavirus. The package has four components: Supporting business investment Providing cash flow assistance to help businesses Targeted support for the most severely affected sectors, regions …

Coronavirus – How will this affect my small business?

The Coronavirus outbreak in China, which is now spreading throughout the world, has forced millions of people to stay at home and not travel which will have an obvious knock-on impact on the economy here in Australia. While the full financial impact of the outbreak on global business is still revealing itself let’s take a …

Superannuation obligations & you – the ATO is watching

With the roll-out of Single Touch Payroll (STP) now finalised for many employers, it’s never been a more important time to ensure that you’re complying with your employee obligations. The Australian Taxation Office (ATO) now have more information than ever before including detailed records of payments made to employees in real time. Given we consistently …

Tax sting on Australian Expatriates Main Residence

The re-introduced legislation to remove the Capital Gains Tax (CGT) main residence exemption for foreign residents has been passed by the Parliament on 5 December 2019 and is now awaiting Royal Assent. Let’s look at how this may affect you. The proposed legislation was originally introduced by the Government in February 2018 but had lapsed …