Browsing Archive

May, 2020

Conducting your business’ health check
Business

Conducting your business’ health-check

By On 27 May 2020

With the current economic slowdown, now is the perfect time to review your business strategy and conduct a business “health check” to come out the other side improved and ready to go.… Read More

You may be eligible for a tax offset when making spouse contributions
Super

You may be eligible for a tax offset when making spouse contributions

By On 27 May 2020

Contributions made on behalf of your spouse to a complying superannuation fund or a retirement savings account (RSA) may be eligible for a tax offset. The 2019/2020 tax rules allow you to… Read More

All about fringe benefits tax
Tax

All about fringe benefits tax

By On 27 May 2020

A fringe benefits tax (FBT) is a tax paid on benefits provided to employees (usually non-cash). FBT is calculated based on the gross taxable value of benefits employers provide to their employees.… Read More

How you can support your employees through COVID
Business

How you can support your employees through COVID-19

By On 20 May 2020

Supporting your employees during chaotic times as an empathetic leader will improve your relationships within your business and boost personal confidence. Here are some ways you can support your employees mentally and… Read More

Tax for employees under COVID mobility restrictions
Tax

Tax for employees under COVID-19 mobility restrictions

By On 19 May 2020

Employees who are not living or working in their regular location due to COVID-19 mobility restrictions need to be aware of the tax implications that apply to their situation. Individuals who ordinarily… Read More

Changes in superannuation obligations for employers
Super

Changes in superannuation obligations for employers

By On 19 May 2020

Paying your employees superannuation is an integral part of being an employer. Superannuation provides income for your workers in retirement and it is your legal obligation to make sure you are paying… Read More

Why you should increase flexibility in the workplace
Business

Why you should increase flexibility in the workplace

By On 13 May 2020

Businesses now working from home can take the opportunity for employers to learn from the experience and consider new work structures coming out of COVID-19. This could mean increased flexibility for employees… Read More

Consequences of SMSF non compliance
Super

Consequences of SMSF non compliance

By On 13 May 2020

While there are benefits to running an SMSF, they do not come without their compliance responsibilities. This includes lodging your fund’s annual return on time, attending to reporting obligations, and having an… Read More

ATO releases ruling on JobKeeper GST turnover test
Tax

ATO releases ruling on JobKeeper GST turnover test

By On 13 May 2020

The ATO has published a ruling on the decline in turnover test for businesses applying for the JobKeeper scheme as part of the Coronavirus Economic Response Package (Payments and Benefits) Rules 2020.… Read More

Tips for managing money on a low income
Money

Tips for managing money on a low income

By On 5 May 2020

Increasing living expenses and commitments can make it challenging to manage and save money, especially for low income earners. Here are some tips that may help you reduce financial pressures on a… Read More