Client Alert - August 2020
Federal Government releases economic update
On 23 July 2020, Federal Treasurer Josh Frydenberg released the Economic and Fiscal Update July 2020, outlining the key COVID-19 policy response measures announced by the Government since March 2020.…
Director Identification Number - A permanent identifier under new laws
The Australian Federal Government has implemented legislation to combat illegal phoenix activities by company controllers which includes the requirement for company directors to obtain a Director Identification Number (DIN).
Applying for…
Explanatory Memorandum - July 2020
Tax time 2020 is here
Don’t jump the gun and lodge too early
Tax time 2020 is here, but it’s likely to be anything but routine. Many individuals on reduced income or have increased deductions may be eager to lodge their income tax returns…
Client Alert - July 2020
Tax time 2020 is here
Don’t jump the gun and lodge too early
Tax time 2020 is here, but it’s likely to be anything but routine. Many individuals on reduced income or have increased deductions may be eager to lodge their income tax returns…
New $ 3k grants for small businesses and change to payroll tax threshhold
From 1 July, NSW small businesses will be able to apply for a small business recovery grant of between $500 and $3,000.
The new grant comes as the state government’s previous $10,000 grants from a $750 million funding pool comes to a…
Explanatory Memorandum - June 2020
Treasury revises down estimated JobKeeper cost by $60 billion
The ATO and Treasury have released a joint statement advising that the previous estimate of the number of employers who would access the JobKeeper program was significantly overstated.…
Client Alert - June 2020
Treasury revises down estimated JobKeeper cost by $60 billion
The ATO and Treasury have released a joint statement advising that the previous estimate of the number of employers who would access the JobKeeper program was significantly overstated.…
Explanatory Memorandum - April 2020
Coronavirus cash flow boost payments explained
As a part of the second round of economic stimulus in response to the COVID-19 pandemic, the Australian Government has legislated a measure to boost cash flow for employers. Put simply, the cash…
Client Alert - April 2020
Coronavirus cash flow boost payments explained
As of the second round of economic stimulus in response to the COVID-19 pandemic, the Australian Government has legislated a measure to boost cash flow for employers. However, small to medium employers…
Explanatory Memorandum - March 2020
Super guarantee loophole closed
A superannuation guarantee loophole that allowed employers to use salary sacrificed contributions to make up part of their required super guarantee contributions has been closed. From 1 January 2020, employers…