Client Alert – August 2022
We are pleased to supply you with the latest edition of Client Alert, which contains information on a number of important taxation developments up to and including 22 July 2022. ATO reminder to small businesses this tax time – Areas to watch include deductions not related to business income, overclaiming of expenses, omission of business income and insufficient records. [...]
Client Alert – July 2022
We are pleased to supply you with the latest edition of Client Alert, which contains information on a number of important taxation developments up to and including 21 June 2022.Tax time 2022: businesses get ready – As the end of another tax year approaches, the ATO is reminding businesses to consider their end-of-financial year options for deductions and concessions, and [...]
Client Alert – June 2022
We are pleased to supply you with the latest edition of Client Alert, which contains information on a number of important taxation developments up to and including 27 May 2022. What’s next on the agenda for the government? – With the election campaign finally over and a new government sworn in, many Australians will be wondering what a Labor [...]
Client Alert – May 2022
We are pleased to supply you with the latest edition of Client Alert, which contains information on a number of important taxation developments up to and including 22 April 2022. Employees vs contractors: more clarity coming – Recently, the High Court handed down a significant decision in a case involving the distinction between employees and contractors. Movement at the [...]
Client Alert – April 2022 & Federal Budget Edition
We are pleased to supply you with the latest edition of the Client Alert, which contains information on a number of important taxation developments up to and including 18 March 2022. Support for flood-ravaged areas – Some immediate financial help is available for those affected by the recent devastating flooding in South East Queensland and parts of New South [...]
Client Alert – March 2022
We are pleased to supply you with the latest edition of Client Alert, which contains information on a number of important taxation developments up to and including 18 February 2022. Work-related COVID-19 tests may be deductible – The Federal Government is hoping for some good press with the announcement that it intends to legislate to make both PCR tests [...]
SA Business Support Package Update
The South Australian Government has announced a new round of Business Hardship Grants worth approximately $23.5m. Cash grants of up to $11,000 will be paid to eligible businesses in any industry - from restaurants, hotels and travel/tourism operators to outdoor school camp operators, gyms and manufacturers - who experience a 50% reduction in turnover during the month [...]
Client Alert – February 2022
We are pleased to supply you with the latest edition of Client Alert, which contains information on a number of important taxation developments up to and including 24 January 2022. COVID-19 vaccination rewards: tax implications – While offering rewards or incentives for being vaccinated can be an effective way to help employees and customers to stay safe and businesses [...]
Client Alert – December 2021 | January 2022
We are pleased to supply you with the latest edition of Client Alert, which contains information on a number of important taxation developments up to and including 10 December 2021.The next edition will be published in February 2022. We wish you all the best for the festive season and new year.ATO Medicare exemption data-matching continues – The ATO has announced [...]
NEW DIRECTOR ID REQUIREMENTS
Recently we received notification from ASIC in relation to new Director identification requirements. Australia’s Director Identification Number (DIN) regime came into effect on 1 November 2021 and will require all Australian Directors (including corporate trustees of self managed super funds) to register for an identification number. A Director ID is a 15-digit identifier that, once issued, will [...]
Client Alert – November 2021
We are pleased to supply you with the latest edition of Client Alert, which contains information on a number of important taxation developments up to and including 22 October 2021:ATO scrutinising gifts or loans from overseas – The ATO has recently issued an alert warning taxpayers against disguising undeclared foreign income as gifts or loans from related overseas entities, including [...]
Client Alert – October 2021
We are pleased to supply you with the latest edition of Client Alert, which contains information on a number of important taxation developments up to and including 17 September 2021: Federal COVID-19 support developments – The Prime Minister and Minister for Education and Youth recently announced new support for child care providers impacted by COVID-19 lockdowns. State and territory [...]