Client Alert - August 2021
ATO tax time support: COVID-19 and natural disasters
The ATO has a range of year-end tax time options to support taxpayers who have been affected by the COVID-19 pandemic and recent natural disasters.
Income statements can be accessed in…
NSW announces small business support grants: How to access the funds
The NSW government is offering small businesses support grants to help alleviate cash flow constraints while trading is restricted, targeted particularly at sole traders and non-for-profit organisations, with expanded criteria to assist most…
Lost paper receipts see 1 in 4 SMEs miss out by thousands
A new report conducted by Aussie fintech company Slyp and big four bank NAB surveyed over 300 businesses to identify the impact paper receipts have on SMEs come tax time.
According to the research, 25 per cent of those surveyed have lost…
Explanatory Memorandum - July 2021
Temporary COVID Disaster Payment now available
The Federal Government has announced a temporary COVID Disaster Payment to assist workers who reside or work in a Commonwealth declared hotspot, who are unable to attend work and earn an income…
Client Alert - July 2021
Temporary COVID Disaster Payment now available
The Federal Government has announced a temporary COVID Disaster Payment to assist workers who live or work in a Commonwealth declared hotspot, who are unable to attend work and earn an income as…
Superannuation Guarantee Changes from 1 July 2021
Superannuation Guarantee rate increases to 10% on 1 July 2021
The Superannuation Guarantee (SG) rate as currently legislated will increase from 9.5% to 10% with effect from 1 July 2021 with further increases of 0.5% per year to come from…
Explanatory Memorandum - June 2021
Are you ready for Tax Time 2021?
Don’t jump the gun and lodge too early
Tax time 2021 is almost here, but it’s likely to be anything but routine. Many individuals on reduced incomes or who have increased deductions may be eager to lodge…
Client Alert - June 2021
Are you ready for Tax Time 2021?
Don’t jump the gun and lodge too early
Tax time 2021 is almost here, but it’s likely to be anything but routine. Many people on reduced incomes or who have increased deductions may be eager to lodge their…
Tax Depreciation Business Incentive Summary Information
The latest Federal Budget announced a welcome extension to the full expensing policy. BMT tax Depreciation Quantity Surveyors provide 3 tables summarising all the 2020 to 2023 business stimulus incentives available for plant & equipment…
Federal Budget 2021 - 2022
Federal Budget 2021 - 2022
PERSONAL TAXATION
Personal tax rates unchanged for 2021–2022
In the Budget, the Government did not announce any personal tax rates changes, having already brought forward the Stage 2 tax rates to 1 July 2020 in…