NOT YET LEGISLATED It is important to note that any announcements made by the Government are not guaranteed to become Law. These announcements need to pass Parliament first, and it’s possible that the Government may

NOT YET LEGISLATED It is important to note that any announcements made by the Government are not guaranteed to become Law. These announcements must pass Parliament first, and the Government may need to alter their

Action Points If you employ staff, you need to ensure that you are complying with “version 2” of Single Touch Payroll. This will involve updating the settings in your payroll software. Warning With the ATO

Action Points If you engage contractors, DO NOT IGNORE THIS POST. The ATO are keen to ensure all contractors that should be getting paid superannuation, are getting superannuation, and you may be up for claims

Summary Self Managed Superannuation Funds (SMSF’s) are highly regulated with a key rule being that your SMSF cannot borrow money except for limited, specific circumstances. Thankfully, one of those is borrowing to buy an asset

Have you ever been asked by a bank or mortgage broker for a copy of your ATO statement of account, ATO portal reports, or ATO tax accounts? We show you how to get these. WHAT

Summary We have compiled a short, easy to read summary of the important things in the 2022 Federal Budget. A tax cut, petrol price relief, payments to pensioners and aged care workers, payments for apprentices,

Summary Unexpectedly, on Monday the 14th of March 2022 the Victorian State Government announced a 2 year trial of paid sick leave for (some) casual employees and the self-employed. Essentially, eligible workers will receive 5

Summary If you are involved in a discretionary trust (commonly known as a family trust), then you need to know that the ATO are on the warpath. Where your trust is used to shift income