Exciting News For Businesses! (For those businesses established after 1st July 2019) As a new business, did the ATO say that you couldn’t get the Cashflow Boost, or JobKeeper? They may now answer differently. The Inspector-General of Taxation and Taxation Ombudsman (IGTO) has now finalised its investigation, revealing two key points. Namely that the meaning
Read MoreATO Extends Jobkeeper Deadlines JobKeeper deadlines for the second extension period have now been extended by the ATO ahead of the festive season. Completion of the December business monthly declaration, for employers to be reimbursed for payments between 23 November 2020 and 3 January 2021, has also been extended from the 14th of January to
Read MoreThere have been additional changes to the JobKeeper 2.0 that was announced on the 21st July. The changes are all to do with the changes to eligibility. In order to continue to be eligible for JobKeeper from October to December you will need to re-qualify, that is you will need to pass again the decline
Read MoreThe QLD Government has just released a new small business grant of up to $10k that may be of interest to you. Please review the full PDF released from the QLD government with all the required information and where/how to apply. VEIW full PDF PLEASE READ THE PDF IN FULL DETAIL NOTING THE STRICT REQUIRMENTS
Read MoreWe’ve received several emails overnight from clients asking for further information. Here is the Checklist that we promised yesterday. The ATO has specific actions that must take place within tight timeframes for an employer to receive the JobKeeper payment. Checklist – We can assist you with all of these: Employer Eligibility Assessment – NOW Review
Read MoreThe A Firm Team would just like to notify our business clients and provide you with the latest updates on JobKeeper Payment to read & action. To view the full PDF and to be able to click the hyperlinks; Click here Detailed checklist coming soon, to help you get it right! Keep watch on our blog,
Read MoreThe latest update on COVID19, inside this update contains the latest news on Jobkeeper, Early Release of Super & 10 Practical Tips for Business Survival! To view/download full PDF and to access the hyperlinks please CLICK HERE
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The ATO has notified us that the tax rates are changing from October 1, 2016.
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With the Government abandoning it’s policy to introduce a $500,000 lifetime cap for non-concessional contributions are you clear on what non-concessional contributions you can now make to superannuation? Non-concessional contributions are contributions that are made to super from after-tax income or savings. Instead of going forward with its proposed $500,000 lifetime cap on after-tax contributions,
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The Federal Government has dropped its $500,000 superannuation cap measure. In a move aimed at placating the Coalition back-bench and ensuring the passage of the Government’s broader superannuation package through the Parliament, Treasurer Scott Morrison confirmed the changes to the cap measure today. The Treasurer said the $500,000 lifetime non-concessional cap will be replaced by
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