Disclosure of business tax debts may affect credit rating
The ATO is writing to taxpayers whose credit rating may be affected if their tax debts are disclosed to credit reporting bureaus.
ATO to assist PAYG taxpayers affected by COVID-19
To assist taxpayers who continue to be affected by COVID-19, the ATO has stated that it will not apply penalties or interest on varied instalments for the 2021/22 income year for excessive variations when the fund has taken reasonable care to estimate its end of year tax.
ATO “keeping JobKeeper payment fair”
The ATO is using its compliance resources to maintain the integrity of the JobKeeper measure.
Changes to FBT rates and thresholds
The ATO has updated its webpage containing the fringe benefits tax (‘FBT’) rates and thresholds for the 2017/18 to 2021/22 FBT years. Two amounts that were not previously announced for the 2021/22 FBT year are: The FBT record keeping exemption is $8,923 (up from $8,853 for the 2020/21 FBT year); and The statutory or benchmark…
JobKeeper comes to an end
The ATO has advised that the final JobKeeper payment will be processed in April 2021.
Remaining relevant is the key to continued business success
If you want your business to remain relevant and continue to grow, it’s time to be proactive … and in our experience it’s often small and easy-to-implement actions that can significantly improve your business success (and personal prosperity). Here are THREE key considerations for business owners that can help your business remain relevant now and…
Personal cashflow and debt management strategies
If you are struggling to manage your personal financial affairs, your savings have stalled or you’re feeling you’re not getting ahead financially, it’s time to take back control. Here we explore the important matters of personal cashflow and debt management.
Managing your business through uncharted waters
With the “new normal” continuing to evolve in Victoria, most business owners are feeling frustrated or concerned by the lack of certainty the future holds. We’re living it too and understand the significant challenges and stress you may be experiencing. Our focus for the next few months is to help and support our clients through…
Adapting to COVID-19 – personally and professionally
Many businesses have experienced significant challenges during COVID-19 and many business owners have been personally and financially impacted as a result. There’s no doubt about it, the past few months have been tough. We want you to know we’re here to help with proactive strategies for both you and your business. Read responses to the…
JobKeeper Payment – what you need to know
JobKeeper is a Federal Government subsidy paid to eligible businesses effected by COVID-19 to cover the costs of their employee’s wages. Affected employers will be able to claim a fortnightly subsidy payment of $1,500 per eligible employee from 30 March 2020, for a maximum period of 6 months. This full amount of $1,500 must then…