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Cryptocurrencybecoming the norm

Tax and the Normalisation of Cryptocurrency The Australian Taxation Office recently updated its guidance on tax and cryptocurrency. In early November, the Commonwealth Bank announced that it is now Australia’s first bank to offer customers the ability to buy, sell and hold crypto assets, directly through the CommBank app. You know when the banks come … Read more

The New Director IDs

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The Government has introduced a new director ID regime with the aim of preventing the use of false and fraudulent director identities and to reduce unlawful activity, such as phoenix activity.  All directors who are subject to the rules will apply for a director ID once and will keep this ID forever, regardless of whether … Read more

The vaccinated & a divided by border restrictions across the country

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Australia’s two largest states and the ACT are in lockdown as the Delta strain of COVID-19 takes its toll while others are standing firm on a policy of eradication. The result is a country at a policy impasse and divided by border restrictions. And, it is not just businesses in lockdown that are in crisis. … Read more

Vic lockdown Support Packages

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WHAT LOCKDOWN SUPPORT IS AVAILABLE TO VICTORIAN BUSINESS?  Support is available if you are impacted by the Victorian lockdowns. A series of grants and top-up grants are available to support Victorian business. There are two main streams for grants in Victoria: New grants – Grants or grant extensions for businesses that previously did not qualify or … Read more

Lockdown Support NSW (updated)

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What lockdown support is available to NSW business?  If your business is adversely impacted by NSW lockdowns, support is available. Three primary methods of financial support are available to businesses during extended lockdowns: Up to $15,000 through the expanded NSW 2021 COVID-19 business grants program Up to $100,000 in weekly JobSaver cashflow support payments, and … Read more

What lockdown support is available? (updated)

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If you can’t work because you or someone in your household is impacted by COVID-19, support is available. There are two payments accessible to individuals: the COVID-19 Disaster Payment; and, the Pandemic Leave Disaster Payment. How to apply for support You can apply for the COVID-19 Disaster Payment and the Pandemic Leave Payment through your … Read more

Super Changes that allow you to add more

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Changes from 1 July 2021 will impact on how much money you can contribute to superannuation and how much you can have in your retirement phase superannuation account. In general, your superannuation is either in an accumulation account (when you are building your super), a retirement account (when you meet preservation age and certain conditions … Read more