10% Super Guarantee from 1st July 2021

  Business leaders should turn their attention to how they plan on managing the government’s increase to the superannuation guarantee, set to come into effect from 1 July, to avoid penalties, says one tax expert.           An increase t...
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Post Federal budget reflections

  The federal budget 2021–22 was handed down by the Treasurer, the Hon Josh Frydenberg MP, on 11 May 2021. This article considers the key issues as we wait for the legislative amendments to give effect to the budget measures.           ...
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End of year financial strategies

  With the end of the financial year approaching there may be some valuable opportunities worth discussing for you or your family, depending on your personal circumstances.           Contributions review As always there are two conce...
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ATO sheds light on crypto compliance focus

  The Tax Office has urged advisers and taxpayers alike to heed its guidance on accounting for cryptocurrency come tax time, when it will be looking to ensure that all capital gains events are accurately reported — not just gains.         ...
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Closely held payees: STP options for small employers

  Small employers with closely held payees have been exempt from reporting through single touch payroll (STP).           However, they must begin STP reporting from 1 July 2021. Small employers must continue to report information abo...
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Videos to help understand accounting topics.

  Often watching a short video is a quicker way to understand what can otherwise be quite confusing. The following titles have just been added to our website and can be accessed at any time and by anyone.   In our site's menu you will fin...
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ATO Small Business Newsroom – May / June

  The ATO provides information on a large number of business related topics, issues, rules and regulations.  We hope this article will help quickly you keep up to date.           Visiting the ATO's website can be daunting but here ...
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New insolvency rules commence

  The measures from 1st January 2021 apply to incorporated companies with liabilities less than $1 million.           For those businesses that are “unable to survive”, a new simplified “liquidation pathway” will apply for small busine...
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