Aug 13, 2021 | COVID-19, Taxation
Most people would think that money provided by the Government to support people and business during a crisis would be tax free? Otherwise, it’s like giving money with one hand and then taking it away with the other, isn’t it? But, the tax laws don’t work like that. To...
Jul 1, 2021 | retirement, Small Business, Superannuation
Super guarantee rate increase to 10% On 1 July 2021, the Superannuation Guarantee (SG) rate will rise from 9.5% to 10% – the first rise since 2014. It will then steadily increase each year until it reaches 12% on 1 July 2025. The 0.5% increase does not mean that...
Jun 29, 2021 | Small Business
Article courtesy of ABC News published at 3.30pm 29 June 2021. Small businesses in New South Wales impacted by the latest lockdown will be given a funding lifeline by the state government, the Premier and Treasurer announced today. The package includes...
Jun 24, 2021 | Directorships
Directors will be required to register for a unique identification number that they will keep for life, much like a tax file number under a rewrite of Australia’s business registers. ASIC does not currently verify the identity of directors and Elvis Presley and Bob...
