ATO shifts to Digital ATO moves to electronic lodgement of BAS & PAYGI The ATO has recently announced that taxpayers will now receive and need to lodge their activity statements electronically, and paper activity statements will no longer be accepted. Activity statements must now be lodged electronically through one of the following channels: Business Portal …
$1,500 JobKeeper Subsidy A subsidy of $1,500 per fortnight per employee, administered by the ATO, will be paid to businesses that have experienced a downturn of more than 30% (50% for businesses over $1bn). Important Dates: From 30 March 2020 for six months For employees employed at and from 1 March 2020 First payments in …
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. …
The Second $66.1 bn Stimulus Package: What You Need To Know Read More »
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 …
COVID-19 Stimulus Package: What You Need To Know Read More »
The ongoing outbreak of coronavirus poses a number a risks that employers need to be aware of. In this guide we help you understand your obligations to your employees, and various other aspects workplace relations you need to consider when managing your response to the outbreak. employsure_au_2020_coronavirus-guide_clients The information in this guide is of a …
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 …
With the end of the financial year just around the corner what do SMSF trustees need to ensure they sign off on before EOFY? Getting the right amount of money in Making sure members put in the maximum contributions each year is important. This is the time to review those pay slips and statements to check how …
We are excited to launch our new and intelligent client proposal platform called Practice Ignition to streamline how we work together! This new software will not only allow us to meet our responsibilities as Chartered Accountants to provide clients with our terms of engagement but also provide greater transparency in the services we are providing …
Announcement: Client Proposals to be updated each year Read More »
The number of calls from clients inquiring into why they have not yet received their Notice of Assessments, Statement of Accounts, Activity statements and Instalment notices from our office either by email or post has escalated recently. This will now be the case if you have registered for a myGov account and have linked the …
With the end of the financial year fast approaching, now is the perfect time to ensure everything is in place for your SMSF before 30 June. The following are some superannuation strategies that you might want to know more about to get the best out of your SMSF. Contribution caps Before the end of the …
