INSIGHTS | NEWS

As you would be aware the lockdown across large parts of NSW has been extended until the end of the month given the rising number of COVID infections. Workers and businesses impacted by the extended..

To assist customers with the impact of COVID-19, NSW Revenue have extended the due date for lodgment and payment of the 2021 Payroll Tax annual reconciliation to 30 August 2021.

As we are quickly approaching the end of financial year 30 June 2021, now is a good time to start tax preparation and have a look at both your expected taxable income for the current financial year..

On 1 July 2021, the Super Guarantee Rate will increase from 9.5% to 10%.  Make sure your Payroll and Accounting systems are updated to incorporate the increase to the Super rate.

A gentle reminder that the 2021 Fringe Benefits Tax (FBT) return is due for lodgment on 25 June 2021, if the return is lodged via PLS.

You might be able to claim a tax deduction for personal Superannuation Contributions that you made to your Super fund from your after tax income. 

There will be changes to Single Touch Payroll (STP) reporting for small employers with closely held payees and quarterly reporting for micro employers effective from 1 July 2021. This may affect how..

On Tuesday 11th May 2021, treasurer Josh Frydenberg delivered his third Federal Budget.  This Budget is all about how the Australian economy is bouncing back strongly, but it is also a big spending..

Many businesses offer their employees fringe benefits but these perks come with their own set of rules and tax treatments. The Fringe Benefits Tax (FBT) year runs differently to the financial year,..

Small and medium-sized enterprises (SMBs) are being hit hard by COVID and its economic consequences in Australia – and everywhere, for that matter. Directors of SMBs are questioning whether..

Are Christmas gifts & parties tax deductible? The holiday season is almost upon us and for many businesses that means it’s time to start sending Christmas gifts to their clients and organising..