Client Alert – July 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 18 June 2021: Temporary COVID Disaster Payment now available – A temporary payment is now available to assist workers living or working in a Commonwealth declared hotspot who can’t attend work and [...]
Client Alert – June 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 26 May 2021: Are you ready for Tax Time 2021 – COVID-19 has changed many people’s work situations, and the ATO expects their work-related expenses will reflect this during tax time in [...]
Client Alert – The Budget Issue
On 11 May 2021, Treasurer Josh Frydenberg handed down his second “pandemic budget” amidst a backdrop of continuing uncertainty. Acknowledging that the virus is a continuing threat to lives and livelihoods, this budget is again framed to prioritise jobs and investment. The focus is on structural reforms across many of the government portfolios. Skills, infrastructure, deregulation, and digital transformation [...]
Client Alert – May 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 23 April 2021: Keeping you informed about the Federal Budget and Tax Time 2021 – On Wednesday 12 May we will bring you a special Budget Extra edition of Client Alert and the latest Tax [...]
Tax Planning Before Seeding & Bank Position
TAX PLANNING BEFORE SEEDING It is essential to now review your Tax Position before seeding. Your March BAS is lodged, so it’s now an excellent time to review where you are at in terms of Tax Planning. The major changes in the October Federal Budget must now be brought to account. You may have a Tax Loss [...]
Client Alert – April 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 19 March 2021: It’s time to consider FBT – If your business has provided any benefits to your employees, you may be liable for fringe benefits tax. FBT returns and payments are [...]
Client Alert – March 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 19 February 2021: Tax implications of having more than one job – If you’re working two or more jobs casually or have overlapping contract work, you need to be careful to avoid [...]
A Note From Peter
SMALL BUSINESS BANK REVIEW CONSIDERATIONS It is important to be aware that at this time of the year your bank maybe commencing their annual review. It is my belief that some of you (particularly my small business clients) are paying too much in interest. Please note: Some banks are much more fee conscious than others Margins and [...]
Client Alert – February 2021
We are pleased to supply you with the February 2021 edition of Client Alert, which contains information on a number of important taxation developments up to and including 22 January 2021: ATO warning: watch out for tax avoidance schemes - Tax minimisation schemes that are outside the spirit of the law are referred to as tax avoidance, and could [...]
Client Alert – December 2020 | January 2021
We are pleased to supply you with the latest edition of Client Alert, which contains information on a number of important developments up to and including 20 November 2020: Coronavirus Supplement extended (but reduced) – The Federal Government’s Coronavirus Supplement has been extended for a further three months until 31 March 2021, but will be cut to $150 per [...]
Client Alert – November 2020
We are pleased to supply you with the latest edition of Client Alert, which contains information on a number of important developments up to and including 23 October 2020: Budget personal tax cuts and business concessions – Several tax announcements from the 2020 Federal Budget have now passed into law and the ATO has issued updated PAYG withholding schedules. Working [...]
Newsletter Update
STAFF NEWS I would like to take this opportunity to update you as to some of the new and exciting changes taking place at Peter Hayes and Associates moving forward. Ashley Frahn, who has been my Manager and Tax Specialist Chartered Accountant for the past 12 years, has decided to leave our firm in search of new [...]