Blog

A New Year always brings new opportunities both personally and in business. It’s at this time that many of our individual and business clients begin to get serious about purchasing an established business with one of the most common questions being: “We’ve identified...

The JobMaker Hiring Scheme Credit is an incentive for eligible employers that hire additional young job seekers aged 16-35 between 7 October 2020 and 6 October 2021.   What is an eligible employer? An eligible employer must have the following characteristics:...

If you own or are purchasing residential land in NSW and are deemed a ‘Foreign Person’, then Land Tax surcharges and Foreign Surcharge Duty will apply. However, things get a little more complex where you own land via a Discretionary Trust. The following article...

The last fortnight of the original JobKeeper scheme has now concluded, and final declarations for the month of September will be due for lodgement by October 14, 2020. Importantly, the JobKeeper scheme extension period has now been legislated, and there are new tests...

The Federal Government’s SG Amnesty expires at 11:59pm on Monday 7 September 2020. The amnesty allows eligible employers to disclose and pay Superannuation Guarantee Charge (SGC) amounts owing from 1 July 1992 to 31 March 2018, without incurring penalties or...

On the 7 August, 2020 the Australian Government announced further adjustments to JobKeeper 2.0 primarily in the wake of the tougher COVID-19 restrictions imposed in Victoria. The changes to JobKeeper 2.0 include: Making adjustments to Employee Eligibility: Resetting...

Over the last 10 days the Federal Government has made various announcements relating to JobKeeper 2.0 and other Covid-19 related economic measures in its Economic and Fiscal Update. This has included announcements regarding JobKeeper 2.0, JobSeeker payments,...

On the 21st July 2020, the Federal Government announced JobKeeper 2.0. The current JobKeeper (1.0) program will continue as is until the 27th September 2020. From 28th September 2020, the JobKeeper payment will be reduced to $1,200 per fortnight for employees who were...

In an unfortunate sign of our times, the Australian Competition and Consumer Commission (ACCC) has been alerting businesses and consumers to a marked increase in “scam” activity during the Covid-19 period.These scams have included Government Subsidy Phishing scams,...

All Australian States and Territories have released economic stimulus and relief packages to assist small businesses and individuals affected by Covid-19. The National Tax and Accountants’ Association (NTAA) has developed a comprehensive list of Covid-19 initiatives...