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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

COVID and Residential Rental Properties

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The changing financial circumstances of many tenants (and landlords) have had a significant impact on many residential tenancy arrangements. The ATO has provided brief guidance on its approach to the most common changes, including: Tenants being unable to pay rent: In these cases the ATO indicates landlords can still claim deductions for rental expenses where tenants … Read more

Super Amnesty to close 11.59pm on 7 September 2020

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Employers that have fallen behind with their superannuation guarantee (SG) obligations will have 1to “self-correct” under a new amnesty.

The super guarantee (SG) amnesty is a one-off opportunity to correct past unpaid SG amounts. Employers have a six-month window, until 7 September 2020, to disclose, lodge and pay unpaid SG amounts for their employees.

What now? Where to get help if you need it

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Help for business JobKeeper 2.0 The Government has announced further changes to the JobKeeper scheme. The good news is that employees that missed out on JobKeeper because they were not employed on 1 March 2020 might now be eligible. The proposed changes would enable employees employed on 1 July 2020 to receive JobKeeper payments from … Read more

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

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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

Stimulus #2 – Bigger, better and far more impact

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The Second $66.1 bn Stimulus Package: What You Need To Know The Government yesterday released a second, far-reaching $66.1 bn stimulus package that boosts income support payments, introduces targeted changes to the superannuation rules, provides cash flow support of up to $100,000 for small business employers, and relaxes corporate insolvency laws. The stimulus measures are … Read more