Author: Ai-Ling Kong-Kerr
Overseas gifts and loans in the spotlight
The ATO has recently issued an alert on gifts or loans from overseas. The ATO is particularly concerned about schemes and arrangements designed specifically to circumvent Australian tax laws.
Growing your business value
Over the next decade, as the baby boomer bubble of small and medium sized business owners roll through the system, Australia will experience one the largest transfers of business wealth in its history.
Lock-downs: What help is available
The highly infectious Delta COVID variant is triggering lock-downs across the country. We look at what help is available and how you can get it.
SGC going to 10% on 1 July 2021
When the compulsory SG contribution payments are increased to 10%, you will need to alter your payroll systems to pay the new increased rate to your eligible employees.
Refunds for Tax Losses
If your company has made a loss, you may be able to claim a tax refund for tax previously paid on profits.
Minimum wage increases by 1.75%
The Fair Work Commission has announced an 1.75% increase to minimum wage starting from the first full pay period after 1 July 2020.
Claiming travel expenses for a rental property
Since 2017, the rules surrounding property travel expense claims have been different for residential and commercial properties.
What to remember when hiring contractors over the silly season
Over the busy holiday period, many businesses will begin to use more cleaning and courier contractors to cope with heavy demand.