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As we approach the end of the 2020/21 financial year, the Australian Tax Office has indicated that several types of costs associated with working-from-home will not be eligible as a…

Business planning is always challenging but planning with a pandemic in the background is incredibly difficult given the uncertainty and international travel restrictions. Border closures have impacted supply chains and…

​INCREASE IN SUPER GUARANTEE CONTRIBUTION RATE From July 1, 2021 the compulsory Super Guarantee Contribution rate increases from 9.5% to 10%. The rate will increase again to 10.5% from July…

COVID-19 DIASTER PAYMENT The Federal Government announced a temporary COVID-19 Disaster Payment scheme to help support any state or territory that has been forced into lockdown. This scheme has commenced…

Last month the Treasurer Josh Frydenberg released the Federal Budget and the focus is on economic recovery and investment to support job creation to drive economic growth. The Treasurer announced…

The Government will maintain changes to reduce personal income tax. This measure is designed to continue to stimulate the economy by increasing the disposable income available to individuals. Income Tax…

The Government has provided further support for capital investment by businesses and assistance with cash flows by extending the ‘temporary full expensing’ measure as well as the loss carry-back offset…

Superannuation changes in the Budget provide increased contribution opportunities for individuals over age 60. Removal of Work Test for Non-Concessional Superannuation Contributions The Government announced it proposes to permit individuals…