Whether you’re nearing retirement or you’ve just joined the workforce, then this blog on superannuation and pension eligibility is for you. Superannuation is essentially the income you will live off when you choose to no longer work. The larger your nest egg the more comfortable your...
The creations, trade and use of Cryptocurrency are rapidly evolving. While Cryptocurrency has gained popularity as a means of exchanging “money” for groups and services, the tax agency is not on board. If you're wondering if you have to pay taxes on your bitcoin, the...
Now more than ever it is important for businesses to be honest and forthcoming with their income as the ATO is ramping up its scrutiny of small business tax affairs through the tax gap audit program. The regulator has a constant growing wealth of data and...
If you are a landowner, you may be eligible for the land tax relief measures the Queensland government introduced in response to COVID-19. The following measures have been extended for the 2020-2021 assessment year. Deferral of Land Tax Liabilities Land tax liability has been deferred for three...
The COVID-19 Pandemic has had a significant impact on Australians and the economy. The 2020 Federal Budget was delivered on the 6th of October, with Scott Morrison describing it as the Budget Australia needed. With support for economic growth as the top priority, the budget...
The JobKeeper scheme was due to run out on 28 September 2020, leaving many businesses wondering how on earth they were going to survive. But now, there’s an updated scheme to keep Australia afloat. The JobKeeper Scheme has been extended. Extending the JobKeeper payment from 28...
With COVID-19 sending the world home into lockdown, home offices have been given a new meaning, (in all matters of the word). Whether you’ve had to turn your couch into an office and your kitchen table into a ‘meetings only zone’, it seems the government...
The instant asset write-off scheme has always been a fantastic tax break for small businesses to take advantage of. Recently, however, the Federal Government increased the asset write-off threshold considerably, in order to relieve some of the financial strain caused by the COVID-19 pandemic. To...
The Federal Government has now announced (as part of its Coronavirus Stimulus Package) the introduction of a new JobKeeper Payment to assist eligible employers (and self-employed individuals) who have been impacted by the Coronavirus pandemic to continue to pay their workers.Below is a broad summary...
With their sponge-like young minds, teaching your children how to understand, budget and save money from a young age will provide them with invaluable skills they will utilise for the rest of their lives. By setting the right examples and working with your children to...
