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Tax Time Targets

Tax Time Targets

Jun 15, 2022

The ATO has flagged four priority areas this tax season where people are making mistakes. With tax season almost upon us the Australian Taxation Office (ATO) has revealed its four areas of focus this tax season. Record-keeping Work-related expenses Rental property...
Superannuation Contribution Changes

Superannuation Contribution Changes

Jun 15, 2022

Several key super changes which may impact your ability to contribute to your SMSF, are set to take effect from 1 July 2022. These changes create opportunities for all SMSF members, young and old, to grow their retirement savings. What are the changes? Originally...
ATO Refocus on Debt Collection

ATO Refocus on Debt Collection

Jun 15, 2022

The ATO has not pursued many business tax debts during the pandemic and allowed tax refunds to flow through even if the business had a tax debt.  That position has now changed and the ATO has resumed debt collection and offsetting tax debts against refunds. If...
Director ID

Director ID

May 27, 2022

Legislation has been passed which will require all current and new directors of Australian companies to hold a unique Director Identification Number (Director ID). The Director IDs are intended to provide traceability of a director’s relationships across...
Hardship Grant

Hardship Grant

May 27, 2022

As part of the Level 2 COVID-19 Business Assistance Package, two tiers of support are available to small businesses who have experienced a decrease in turnover for any two week period since 1 January 2022. The Level 2 COVID-19 Business Assistance Package – Small...