Bushfire Grants & Assistance

The following bush-fire grants, support, and local donation information has been updated on 20 January 2020 and is in addition to the 13 January 2020 list below.   DISASTER ASSISTANCE RECOVERY GRANTS Disaster recovery grants of up to $75,000 are now available to primary producers in areas affected by the NSW bushfires that have occured [...]

Checklist for bush-fire impacted small business

The Chartered Accountants Australia + New Zealand have compiled a checklist for small businesses impacted by natural disasters. Here are some practical issues small business operators should consider: 1. Are you OK? Running a business is stressful enough without Mother Nature's interference. Reach out to family, friends, advisers and local support groups. 2. Engage with [...]

Latest news and tips

Single Touch Payroll Update Employers with 19 or fewer employees are required to start reporting through Single Touch Payroll (‘STP’) from 1 July 2019. The ATO will be working with employers to support them as they transition to STP, including allowing small employers to start reporting any time from 1 July to 30 September (and [...]

On 1 July 2019 your Life Insurance cover may be lost!

In February this year, the Government passed legislation which prevents trustees of APRA-regulated funds from providing insurance to members with inactive superannuation accounts, unless a member has directed otherwise. It is a common practice for many individuals with an SMSF to also have a secondary APRA-regulated fund which provides them with insurance. This may be [...]

June 30 Tax Tips 2019

BUSINESS TIPS. Business Income and Expenses. Consider strategies to defer income until after 30 June, or bring expenses forward into June, especially if you expect lower income for next year. Ensure that your tax deductions are allowable Bad debts must be written off before 30 June Super contributions must be paid before 30 June and [...]