Employers will need to adjust payroll systems to pay the increased SG rate to eligible employees before processing the first pay of the 2021 financial year. If employer’s fail to increase...
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Here we are again with the 2021-22 budget being handed down by Treasurer Josh Frydenberg overnight. It feels like an eternity ago that the last budget was being handed down during the midst of the COVID-19 crisis, and this budget is a reflection and continuation of how Australia has fared during its road to economic recovery.
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The Australian Tax Office (“ATO”) has released a draft Guideline for a new compliance approach on how professional firms and individual professional practitioners (“IPP”) should allocate their profits (draft Practical Compliance Guideline (PCG) 2021/D2). Whilst this Guideline is currently in the consultation phase, the ATO have stated that the...
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On 6 October 2020, the Federal Government announced a new stimulus measure for businesses known as the JobMaker Hiring Credit. By providing eligible employers with wage subsidies, this program is designed to create more jobs for people aged 35 and under who have experienced unemployment or require additional assistance.
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We’re proud to have been listed as the 7th largest regional firm and 54th largest accounting in Australia in this week’s AFR publication. A big thank you to our...
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The 2020-21 Budget reflects the Government’s commitment to ensuring Australia emerges from the COVID-19 pandemic in a strong position. We have summarised below the key points from last night’s announcements.
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Further to our article on 7th August 2020, the Federal Government released this week the Legislative Instrument regarding the extension of JobKeeper...read more
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With the focus understandably on the impact of COVID-19 at the moment, your opportunity to take advantage of the...
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On 21 July 2020, the Federal Government announced that they will be extending the JobKeeper program until 28 March 2021, which is six months beyond the current legislated finish date of 27 September 2020. Further updates were announced by the Federal Government on 7 August 2020...
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