04 Nov 21 Preparing For The New Director ID Regime As part of its Digital Business Plan, the government announced the full implementation of the Modernising Business Registers (MBR) program. This program will establish the new Australian Business Registry Services (ABRS) and streamline how you register, view and maintain your business information with the government. One of the changes associated with the introduction of the […] Read More
05 Aug 21 COVID-19 – QLD Lockdown Support For individuals, the link below contains information regarding claiming the COVID-19 Disaster Payment from Centrelink. Employees can claim $450 per week if they have lost less than 20 hours of work, and $750 per week if they have lost more that 20 hours. Claims can be made from 8 August through myGov. Covid-19 Disaster Payment […] Read More
04 Jun 21 Cryptocurrency Under The Microscope The ATO is concerned that many taxpayers believe their cryptocurrency gains are tax-free, or only taxable when the holdings are cashed back into Australian dollars. This isn’t the case. With a dramatic increase in trading since the beginning of 2020, the ATO have their sights set on ensuring tax payers are accounting for any gains […] Read More
26 May 21 Federal Budget 2021/22 – For Superannuation 3. Superannuation Related Changes 3.1 Removing The Work Test For Voluntary Contributions The Government has announced that it will allow individuals aged 67 to 74 years (inclusive) to make or receive non-concessional contributions (including under the bring-forward rule) and salary sacrifice contributions without meeting the work test, subject to existing contribution caps. Individuals aged 67 […] Read More