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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 not yet legislated. Parliament will reconvene on Monday 23 March. …

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COVID-19 Stimulus Package: What You Need To Know

The Government has announced a $17.6 billion investment package to support the economy as we brace for the impact of the coronavirus. The yet to be legislated four part package focuses on business investment, sustaining employers and driving cash into the economy. For business Business investment Increase and extension of the instant asset write-off Accelerated …

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Fund Lookup status change for overdue SMSF Annual Returns

Super Fund Lookup status change for overdue SMSF annual returns From 1 October 2019, if the lodgment of a self-managed super fund (SMSF) annual return is more than two weeks overdue, the status of the SMSF will change on Super Fund Lookup (SFLU). The new status, ‘regulation details removed’, will remain until overdue lodgments are up …

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IntegraPay Walkthrough

We have designed a walkthrough with screenshots to answer some common questions clients have around the new invoicing platform. As detailed in a previous communication the new system will reduce manual payment reconciliation errors, increase efficiency and provides additional payment options such as Bank Transfer and more in the near future. With robust security, reliable protection …

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Do you run a business and are you ready for Single Touch Payroll?

Single Touch Payroll (STP) is an initiative from the ATO to report tax and superannuation information each time you run your payroll and pay your employees. This is the most significant change to business reporting since the introduction of GST back in 2000. Currently employers with 20 or more employees started using STP from July …

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