Further tax relief for Victorian taxpayers
The Victorian Government has announced a new support package which includes further tax relief measures.
Trusts at risk of incorrect distributions with significant tax consequences
Capital Gains Tax a sensible reform, despite misinformation and hysteria
The broadening of the income tax system under former treasurer Paul Keating to encompass capital gains tax from September 20, 1985 represented a profound structural shift in Australia’s federal income tax system. It was done at a time when the Hawke-Keating government canvassed an astonishingly wide range of other tax reform proposals: in his ministerial […]
JobKeeper 2.0: New rules for calculating GST turnover
Amendments to the JobKeeper rules have made changes to the decline in turnover test that will apply to JobKeeper extension payments. Employers must now calculate their decline in turnover under the GST attribution rules that apply to them for BAS reporting purposes.
Julie Strack
As a business advisor, accountant and mentor, Julie provides her clients with commercial advice, based on more than 30 years of experience in public accounting and consulting in Australia. Having specialist skills in self-managed super funds, she assists clients in the operation and compliance of their funds to help them cater for their ongoing financial […]
Brett Headrick
With over 20 years of experience in the industry, including 18 months as a CFO in the UK, Brett’s clients benefit from his extensive public practice expertise and knowledge. The specialist experience that Brett has gained throughout his career has enabled him to cater to a variety of industries and services. Some of Brett’s broad […]
Extension of Victorian land tax relief measures
The Victorian Government has announced further land tax relief measures, comprising an increased 50% land tax discount for eligible landlords and a new 25% land tax discount for eligible owner-occupiers.
New JobKeeper rules now in effect
On Friday, the Treasurer issued amendments to the Coronavirus Economic Response Package (Payments and Benefits) Rules (the Rules) to give effect to the Government’s earlier announcement that it would extend the employee test date to 1 July 2020.
Superannuation guarantee amnesty concessions ending soon
The superannuation guarantee amnesty gives employers the opportunity to review historical compliance with their superannuation guarantee (SG) obligations and rectify any underpayments or late payments for quarter(s) between 1 July 1992 to 31 March 2018. However, the concessions offered under the Amnesty are only available until 11:59 pm on 7 September 2020.
Stage 4 restrictions impact on property and construction sector
With Victorian Premier Daniel Andrews’ recent announcement of Stage 4 lockdown for Metropolitan Melbourne, a raft of restrictions have been put in place for businesses.