Category: News

News

What lockdown support is available to Victorian business?

Support is available if you are impacted by the Victorian lockdowns. A series of grants and top-up grants are available to support Victorian business. There are two main streams for…

News

Lockdown Support Update

The support available to individuals and businesses has been constantly evolving and changing. Here’s a summary of where support stands around the country. For individuals From 2 August 2021, the…

News

What lockdown support is available?

If you can’t work because you or someone in your household is impacted by COVID-19, support is available. There are two payments accessible to individuals: the COVID-19 Disaster Payment; and,…

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Business in a post pandemic environment

Countries that have experienced the worst of the pandemic give Australian businesses an insight into what to expect in a post-lockdown environment. Australia, like New Zealand, has managed COVID-19 on…

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New laws target sharing economy platforms such as AirBNB.

In an attempt to reign in undeclared income, proposed new laws will require platform providers in the sharing economy to report all transactions through their platforms. Traditional employment models have…

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6 Member SMSFs – the issues and opportunities

From 1 July 2021, the maximum number of members a Self Managed Super Fund can have increased from four to six. Why would you have a fund with six members…

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What changes on 1 July 2021?

We’ve summarised the key 1 July 2021 changes and their implications. Super guarantee rate increase to 10% On 1 July 2021, the Superannuation Guarantee (SG) rate will rise from 9.5%…

News

Am I taxed on an insurance payout?

Australia has had its fair share of disasters over the last few years – drought, bushfires and floods – that have ramped up the volume of insurance claims. Most people…

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Knowledge Shop: Tax exemption for ‘granny flat’ arrangements

To protect older Australians, the Government has moved to formalise ‘granny flat arrangements’ by providing an incentive to protect all parties in the arrangement. Typically, granny flat arrangements occur when…

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Knowledge Shop: The New Lifetime Director IDs

Directors will be required to register for a unique identification number that they will keep for life, much like a tax file number under a rewrite of Australia’s business registers….