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 [...]
Client Alert – Federal Budget Edition – OCTOBER 2020
We are pleased to supply you with the special Budget edition of Client Alert, which outlines key announcements of the October 2020 Federal Budget. Touted as the most significant Federal Budget in decades, the Government’s 2020 delivery sets the scene for a slow climb back to surplus and out of the first recession in almost 30 years. This will not be [...]
JOBKEEPER 2.0 UPDATE
The Coronavirus Economic Response Package (JobKeeper Payments) Amendment Bill 2020 was recently passed by Parliament to facilitate the extension of the JobKeeper Scheme to 28 March 2021. The Treasurer has subsequently released amended Rules for the Scheme, which were registered on 15 September 2020.The below provides an overview of the changes. There are a number of issues still [...]
CLIENT ALERT – SEPTEMBER 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 21 August 2020: JobKeeper changes: turnover test and employment start date – Prime Minister Scott Morrison announced further changes to JobKeeper on 7 August 2020 regarding the turnover test and employment start date for [...]
SUPER GUARANTEE AMNESTY – TIME IS RUNNING OUT.
The Super Guarantee Amnesty is an opportunity to catch up on any unpaid super without the usual penalties applying. To be eligible for the Amnesty, an employer must make disclosure before 7 September 2020, be disclosing to the Commissioner for the first time, and use the approved form available from the ATO website here (refer section 'how to apply [...]
JOBKEEPER 1.0 UPDATE
Amendments to the JobKeeper 1.0 Rules were released on Friday 14th August. New rules allow businesses to claim the subsidy in respect of new employees who were on the books as at 1 July 2020. The changes apply to JobKeeper fortnights beginning on or after 3 August 2020. What has changed? JobKeeper fortnights commencing on or after 3 August [...]
CLIENT ALERT – AUGUST 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 24 July 2020: Federal Government releases economic update – On 23 July 2020, Federal Treasurer Josh Frydenberg released the Economic and Fiscal Update July 2020. Instant asset write-off further extended – If you’ve purchased [...]
CLIENT ALERT – JULY 2020
The latest edition of our Monthly Client Alert, contains information on a number of important developments up to and including 22 June 2020: Land Tax Update – The deadline to register and complete your land holding declaration has been extended to 31 July 2020. Please call us to discuss a lodgement plan. Expanded instant asset write-off for businesses – If you’ve [...]
CLIENT UPDATE – JobKeeper Monthly Declaration Reminder & Instant Asset Write-off Extension
JOBKEEPER MONTHLY DECLARATION The next reporting deadline for JobKeeper is 14 June 2020. Each month you must complete a monthly business declaration to keep claiming JobKeeper payments. You must do this in the first 14 days after the month you are claiming for. You will need to re-confirm the business participant details and your eligible employees. You will [...]