NEWS

05/01/2022

Australian accounting awards announcement

This is a safe, ballot box friendly Budget as expected with a focus on jobs, cost of living, home ownership, and health. Key initiatives include: • A 6 month, 50% reduction in fuel excise with effect from midnight Budget night • A $420 cost of living tax offset for low and middle income earners from 1 July 2022 • A one-off $250 economic support payment to some social security payment recipients
03/30/2022

Budget 2022-23

This is a safe, ballot box friendly Budget as expected with a focus on jobs, cost of living, home ownership, and health. Key initiatives include: • A 6 month, 50% reduction in fuel excise with effect from midnight Budget night • A $420 cost of living tax offset for low and middle income earners from 1 July 2022 • A one-off $250 economic support payment to some social security payment recipients
10/30/2021

Company Rates of Tax – 2020/21

General Company Tax Rate  1 The rates in this table do not apply to Retirement Savings Account Providers, Life Insurance Companies, Pooled Development Funds, credit unions […]
10/30/2021

Strategies to prevent creditors attacking the family home

For many individuals, their family home will represent their most valuable asset, both financially as well as for sentimental reasons. Therefore, it is important to consider […]
10/30/2021

GUIDELINES Business Costs Assistance Program Round Two: COVID-19 assistance to businesses

Program Summary On 30 May 2021, the Victorian Government announced a $250.7 million Circuit Breaker Business Support Package to support Victorian businesses most affected by the […]
10/30/2021

E-Invoices – Governemnt

Electronic invoicing (or e-invoicing) is the automated digital exchange of invoice information directly between a buyer’s and supplier’s accounting systems.  With e-invoicing there will no longer […]
10/30/2021

ATO Data matching

According to the ATO, the data will uncover individuals who have failed to report a disposal of cryptocurrency and the appropriate capital gain or loss in […]
10/30/2021

Business Costs Assistance Program

$2,500 grants for eligible employing and non-employing businesses in sectors most impacted by the circuit breaker restrictions. Eligibility  operate in an eligible sector listed in the […]
10/30/2021

GST and Currency Exchange

Digital currency: GST and digital currency | Australian Taxation Office (ato.gov.au) Sales and purchases of digital currency are not subject to GST from 1 July 2017 if not […]
10/30/2021

Individual Rates of Tax – 2020/21

Resident Individual:  The following rates apply to resident individuals for the 2021 income year: 1. The above rates do not include the Medicare levy of 2%.  […]
10/30/2021

Other Key Rates and Thresholds – 2020/21

HELP Repayment Rates and Thresholds  Compulsory repayments of Higher Education Loan Programme (‘HELP’) and other study and training loans are based on a taxpayer’s ‘repayment income’.  […]
10/30/2021

Federal Budget 2021-2022

The Treasurer delivered the Federal Budget 2021-22 on Tuesday 11 may 2021.  The government has delivered an expansionary budget for 2021-22 which continues to facilitate the […]
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