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Trust Resolutions – Your end of financial year obligations

Important reminders – Trust distributions The Template We Sent The template may mention of a Clause and any relevant schedules you may have to specifically mention. These are highlighted in the template by a red colour, this is where you check your Trusts Deed to enter the correct clause in regards to decisions being made … Read more Trust Resolutions – Your end of financial year obligations

Extension of the $150,000 instant asset write-off

As announced earlier in the week, the Government is planning to extend the $150,000 instant asset write-off threshold for a further 6 months until 31 December 2020. This means that the higher threshold can apply to assets that are first used or installed ready for use for a taxable purpose on or after 12 March … Read more Extension of the $150,000 instant asset write-off

The ATO’s JobKeeper audit targets

“…while it is all very well to talk of ‘turning points’, one can surely only recognise such moments in retrospect.” Kazuo Ishiguro, The Remains of the Day The JobKeeper subsidy has progressed beyond the rush for eligibility and entered its second phase: compliance. Late last month, the Australian Taxation Office (ATO) released guidance highlighting where … Read more The ATO’s JobKeeper audit targets

JobKeeper Tracking

Jobkeeper homework

We understand how hard it is to keep track of paying Employees, especially large teams, and working out who needs a top-up, who has or has not been paid enough to maintain JobKeeper eligibility. We’ve created this free Excel Template for you to track employees each fortnight simpler and easier for each fortnight. Part One … Read more JobKeeper Tracking

The $1,500 JobKeeper Package – what you need to know

We’ve created the below video to help you navigate the updates for the JobKeeper Program now passed through the parliament. Watch this video on YouTube How fo you work out your fall in turn over? Watch this video on YouTube DOWNLOAD TEMPLATES Employee Checklist Employee Confirmation A Checklist to track who has or has not … Read more The $1,500 JobKeeper Package – what you need to know

Complete Covid-19 Guide to Stimulus and support Measures as at 6th April 2020

Hang in there  We’ve designed this guide as a quick reference to the COVID-19 related tax and financial support that might be available to you. It’s quiet comprehensive, but care needs to be taken and you should consult your accountant when making decisions. The Government has flagged that more support is coming and we will keep … Read more Complete Covid-19 Guide to Stimulus and support Measures as at 6th April 2020

Seven Key Causes of Poor Cashflow – Cashflow in a Crisis

There has been no event like this ever before, and surviving in business with cash flow is going to be tough. We’re created this video to help business owners understand their current cash position and how they can make changes to extend out their War Chest to survive the current conditions. Cashflow is the process … Read more Seven Key Causes of Poor Cashflow – Cashflow in a Crisis

Stuck in lock down? How about a free course…

If you’re looking for something to do, why not upskill yourself? We might be accountants and we do love free stuff, it’s important to always take stock of your most valuable item, time. You cannot make more or get any back, so it’s important to use it as best you can. Connect with friends, family, … Read more Stuck in lock down? How about a free course…

HR Support is important now as it is ever

We take HR serious when it comes to our team, to keep them safe and on track. We have loved working with Linda at TotalHRM in Albury and understand that sometimes every business needs options. If you want amazing in person support and locals, TotalHRM is for you. We also utilise HappyHR to maintain our … Read more HR Support is important now as it is ever

FBT hot spots for employers and employees

FBT hot spots for 2020 With the start of the Fringe Benefits Tax year looming on 1 April, businesses are being urged to review their Fringe Benefits Tax (FBT) position. The ATO’s top FBT problem areas Motor vehicle fringe benefits – failing to report motor vehicle fringe benefits, incorrectly applying exemptions for vehicles or incorrectly claiming … Read more FBT hot spots for employers and employees

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