We are writing to you to ensure you have this system in place. (Please skip to next section if this does not apply to you). All employers had to electronically report wages payments made to employees and closely held payees (for family businesses) to the ATO using Single Touch Payroll (STP) reporting from July 2021. …
Single Touch Payroll (STP) Phase 2 Starts in 2022 for Employers Read More »
A quick update of what support is available with restrictions being removed over the next few months plus other tax news: COVID-19 support will roll back as states and territories reach vaccination targets. Individuals Disaster Payment The COVID-19 Disaster payment was offered to those who lost work because of the lockdowns. These payments will phase …
W&CO – ITR Questionnaire 2021
We bring you a summary of the key points in the Federal Budget 2021-2022. Please do not forget to contact us to discuss your year end tax minimisation and superannuation strategies. The Federal Budget 2021-22 has many announcements and proposals aimed at economic recovery and includes investment in jobs, essential services, business incentives and tax …
~ Action Required ~ Invitation for Tax Forecasting + Strategy Advice to reduce your 2021 Tax Hello ~ I hope this finds you well, With the end of financial year approaching quickly, NOW is the time to discuss with us the actions you can take before 30 June 2021 to reduce your tax and grow …
It’s nearly 30 June …. Have you ? * Paid your super? A tax deduction is available for personal super up to $25k* Topped up your super if your account balance is below $500k?* Made a spouse super contribution?* Reviewed your super balance and adjusted your investment strategy so you know how much you’ll have when …
2019-20 has been an unusual year. This year, more than ever, we want to ensure you reduce your tax and assist you in your financial situation wherever needed. As we approach 30 June we believe it is essential to review your financial position and ensure you are on top of your: Cashflow Taxes Finances Succession and Retirement plans …
CHANGES & REMINDERS & DATES I hope this finds you well, here are some reminders on what to do to ensure you have claimed everything under the Government Stimulus Packages. 1. Job Keeper $1,500 paid fortnightly – please enrol & pay Jobseeker Enrolment has been extended to 31 May. Payment dates now extended to 8 …
Your guide on what steps to take to claim JobKeeper This is a guide for both Employers and Employees to understand the JobKeeper process – enrollment is open today. It is important that you follow these steps closely (and a glass of wine is recommended!) STEP 1. Are you Eligible? On 1 March 2020 did …
What to do now ?? Jobkeeper – A guide to Register Read More »
** I cannot stress how important it is you read this and take advantage of all the concessions you are being given by the Government ** We hope you, your family and your team are doing well under these trying and confronting circumstances. Our main focus is assisting clients by providing sensible and practical advice …
The Second $66.1 bn Stimulus Package What You Need To Know Read More »
Update on Covid Business Grant (up to $15,000) The 2021 COVID-19 business grant is now open to NSW businesses who have less than $10 million in total wages at 1 July 2020, and aggregated annual turnover between $75,000 and $50 million for the year ended 30 June 2020. The grant program will be …
Everything we know so far As we go into another wave of extended lockdown the government has outlined a number of measures available to individuals and small businesses. At this stage it is only an overview and we are expecting more detail this week. Here’s a list of key measures announced so far: Individuals: All …
Jobkeeper 2.0 legislation has been passed extending the historic assistance package by a further 6 months to 28 March 2021. It replaces the $1,500 a fortnight which finishes on 27 September 2020. There is now new eligibility tests and a reduced two-tier (Tier 1 and Tier 2) payment rate from 28 September 2020. Here’s what you …
These are the Terms of Engagement (“Terms”). This Agreement is constituted by these Terms and any other later document that we advise you becomes part of, or varies this Agreement. These Terms confirm our understanding of the nature and the limitations of the services we will provide. PURPOSE, SCOPE AND OUTPUT OF ENGAGEMENT Our firm …
