With the deadline looming for company directors to obtain their ‘director ID’ number, the Government has launched an awareness campaign aimed at those who may not realise they need to take action. The campaign is targeting those that run small businesses, self‑managed superannuation funds, charities, not‑for‑profits, and even some sporting clubs. A director ID is…
The Federal Government has expanded the list of State and Territory COVID-19 grant programs that may be tax-free to eligible businesses.
$2,000 specialist advice grants are now available to access accounting or legal professional advice to help support businesses improve and adapt following COVID-19 disruptions and current economic conditions. The program closes on Friday 30 September, and applications are assessed on a first in, first served basis, so you need to act now.
New release domain names were recently released in Australia, and you need to take action to avoid threats to your business internet identity. New domain name extensions of .au (in addition to .com.au) are now available and if you want to secure your existing domain name in the new format, you must register by 20…
The Federal Government has reinstated the Pandemic Leave Disaster Payment until 30 September 2022.
A recent court ruling shines the spotlight on superannuation entitlements for contractors and the need for employment relationships to be considered carefully for superannuation guarantee purposes.
Recent changes to superannuation include superannuation guarantee changes and downsizer contribution age changes.
The ATO is warning taxpayers to not engage in ‘asset wash sales’ or other forms of tax avoidance to artificially increase their losses to reduce gains (or expected gains).
The ‘cents per kilometre’ rate change has been implemented by the ATO for individual car expenses for the 2023 income year, from 72 cents to 78 cents per business kilometre.
The ATO will target SMSFs that fail to lodge annual returns or ignore ATO reminders with a targeted compliance campaign.