Inside this edition, we cover some important updates on: Shadow Economy “Most Dobbed-In” Industries eInvoicing on the Rise SMSF Annual Report Requirements Increase to Age & Veteran Pensioners ‘Work Bonus’ Credit Reporting Code Update – Financial Hardshipand more… Shadow Economy “Most Dobbed-In” Industries The “Shadow Economy” refers to activities taking place outside of tax and […]
Inside this edition, we cover some important updates on: Tax Debt Payment Plans for Sole Traders & Small Businesses National Minimum Wage Increase now in effect COVID-19 WFH Implications on Tax Returns Over $2B Lost to Scams in 2021 Superannuation Guarantee Changesand more… Tax Debt Payment Plans Small Businesses and Sole Traders who are having trouble […]
Inside this edition, we cover some important updates on: Superannuation to cover more employees Spike in reports of “money recovery” scams Crackdown on “Finfluencers” and other unlicensed financial advisers Boosts for small business technology investmentand more… Fin-fluencer Crackdown ASIC has cracked down on unlicensed financial advisers on social media, known as ‘finfluencers’. These social media […]
This special edition of On The Money provides a snapshot of the 2022-23 Federal Budget, as announced on May 29. Inside, we look at highlights including: One-off Cost of Living Relief Changes to Paid Parental Leave Contribution to Mental Health Programs Expansion of the First Home Buyers Scheme Fuel Excise Cut for the next 6 months National […]
As you may or may not be aware, the Western Australian government has announced new COVID-19 Business Assistance Packages for Western Australian businesses adversely affected by the increase of COVID-19 cases in the community. The two new packages are classed as: Level 1 – focussed on small business rent relief, and; Level 2 – focussed […]
Inside this edition, we cover some important updates on: COVID-19 Relief Payments for Individuals Single Touch Payroll Phase 2 New Guidelines for Professional Firms Allocating Profit Consumer Protection Responsibilities for eCommerce Businesses Protecting your Business from Cyber Scams and more… COVID-19 Relief Payments for Individuals Whilst the COVID-19 Disaster Payment is no longer available from the […]
With 30 June 2020 fast approaching there are a number of new tax concessions and year end strategies that can be considered to put you in the best tax position for 2020. If you have any questions on any of the below please contact your Letizia Palmer accountant. Year End Tax Planning – Businesses Changes […]
The latest episode of ‘On The Money’ from Letizia Palmer. The Australian Government will wait for a multilateral plan to tax the digital economy. Transactional systems will be secretly tested to find deficiencies. This measure comes after 2 Pay ID lookup attacks. Accountants believe clients misunderstand tax rules, use inaccurate data and keep poor records. […]
The latest episode of ‘On The Money’ from Letizia Palmer. Experts predict the cash rate will decrease to .75% within the year. The economy grew only .4% in the March quarter of 2019. The Liberal party put political pressure on the Labour party, claiming the election will win mandated the tax cuts. For more, watch […]
