Super Guarantee Changes from 1 July
As the new financial year approaches, employers need to be aware of two important super changes. Firstly, from 1 July 2022, employees can be eligible for super guarantee (‘SG’), regardless … Read More
Corona-virus – Job Keeper Payments
The Federal Governments Corona-virus Job Keeper Payment Scheme. Who is eligible and how to make a claim. ELIGIBILTY The employer is eligible if the turnover of the business has dropped or is likely … Read More
How Goods & Services Tax works.
GST is a 10% tax paid on most goods and services sold or consumed in Australia. You must register for Goods & Services Tax if you: run a business or … Read More
Bushfire Assistance from the ATO
Following the devastating bushfires, the ATO has offered ongoing support for those impacted when it comes to ‘sorting out their tax affairs’. In particular, a specific help line has been … Read More
Staff Christmas Parties & Gifts
(1) Christmas parties Christmas parties attended by employees and their families/friends A Christmas party is considered ‘entertainment’ and in many cases is subject to fringe benefits tax (FBT). FBT is … Read More
When should you cancel your ABN
You should cancel your ABN when your business: has been sold has closed down is no longer operating in Australia or making supplies connected with Australia. You may also need … Read More
