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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...
What’s Changing on 1 July 2022?

What’s Changing on 1 July 2022?

May 27, 2022

A series of reforms and changes will commence on 1 July 2022. Here’s what is coming up: For Business: Superannuation guarantee increase to 10.5% The Superannuation Guarantee (SG) rate will rise from 10% to 10.5% on 1 July 2022 and will continue to increase by 0.5%...
Fuel Tax Credit Rates Change

Fuel Tax Credit Rates Change

May 27, 2022

The Government temporarily halved the excise and excise equivalent customs duty rates for petrol, diesel and all other petroleum-based products (except aviation fuels) for 6 months from 30 March 2022 until 28 September 2022. This has caused a reduction in fuel tax...
The 120% Deduction for Skills Training and Technology Costs

The 120% Deduction for Skills Training and Technology Costs

May 27, 2022

It’s a great headline isn’t it? Spend $100 and get a $120 tax deduction. Days after the Federal Budget announcement that businesses will be able to claim a 120% deduction for expenditure on training and technology costs, we started receiving marketing emails...