Supporting Apprentices and Trainees – JobTrainer
Small businesses who employ apprentice’s or trainee’s may be eligible for a wage subsidy of 50%.
Insights.
JobMaker Hiring Credit Scheme
Eligible employers can now register for the Jobmaker Hiring Credit scheme with the ATO. The scheme applies to employees starting employment between 7 October 2020 and 6 October 2021.
Office Closure for Christmas and New Year period
Our office will be closed from 1pm on 22 December 2020 and will reopen at 8.30am on 6 January 2021.
The FBT and Tax Implications of Christmas Functions and Gifts
With Christmas just around the corner, many business owners are busy planning gifts and functions as a way to thank employees for their hard work during such a challenging year. We are often asked how Fringe Benefits Tax (FBT) and Income Tax deductions apply to benefits such as Christmas Parties, gifts and bonuses.
Reminder – Payroll Tax Relief Deadline Approaching for July & August Refunds
Applications for a refund of your payroll tax for July and August 2020 must be lodged by 30 October 2020.
Important information on JobKeeper Extension 1 commencing from 28 September 2020
The JobKeeper program has been extended until 28 March 2021.
Reminder – Taxable Payments Annual Report (TPAR) Due Soon
The Taxable Payments Annual Report for the 2019/20 financial year is due on 28th August 2020.
Reminder – Superannuation Guarantee Amnesty ends 7 September 2020
Employers Act Now – one off opportunity to self-correct underpayment of super or super guarantee issues before tougher penalties apply.
COVID-19 and Residential Rental Properties
Many residential rental property owners have had their rental income affected by COVID-19. As a result, you may be wondering what you can claim this tax time.
Federal Government has announced a $130b JobKeeper payment
The Federal Government has announced a $130b JobKeeper payment to help keep more Australians in jobs and support businesses.