Tax Time 2021 Changes

Changes You Might Need to Consider As always, there are a number of tax changes that may affect you or your business.  We have summarised a few of the key changes that you will need to take into account when thinking about your 2021 Income Tax Return, and for the new...

A New Way of Receiving Your ATO Mail

We have recently implemented a new way of processing ATO mail via a system called SmartDocs. This new system will allow us to deliver ATO correspondence to you digitally, quickly and most importantly securely, but because it looks different, we wanted to give you...

SGC Rate Increase to 10%

Superannuation Guarantee rate to increase to 10% from 1 July 2021 The minimum rate of Superannuation Guarantee will increase to 10% (from 9.5%) for the first pay period that ends on or after 1 July 2021.    Employers will need to ensure their payroll systems are up to...

JobKeeper 2.0

The JobKeeper Payment has been extended by two further three month periods to March 2021, but from now on eligibility for the payment will be based on actual quarterly turnover for the September and/or December quarters.  The payment rate will be reduced for all...

JobKeeper 1 July Expansion

JOBKEEPER URGENT ACTIONS REQUIRED Recent modifications to the JobKeeper scheme allowing certain new employees to qualify for JobKeeper payments from 3 August 2020 has placed additional obligations and deadlines on eligible employers. This includes the need to provide...