Accounting Services
Mortgage Services
Immigration
SupeSuper Guarantee rate rising 1 Julyr Guarantee rate rising 1 July
On 1 July 2021, the super guarantee rate will rise from 9.5% to 10%. For salary and wage payments made on or after 1 July 2021, the minimum superannuation guarantee contribution rate of 10% will need to be applied.
All employers should be reporting now unless they only have closely held payees, or are covered by another deferral or exemption. Quarterly reporting for micro employers The quarterly reporting concessions for micro employers who needed more time to transition to STP...
ATO warns against “copy/pasting” 2020 work-related claims
ATO warns against “copy/pasting” 2020 work-related claims The ATO is warning taxpayers against “copying and pasting” their previous year’s claims for work-related expenses without evidence. The ATO is recommencing its focus on overclaiming of work-related expenses...
Childcare subsidy to increase
Childcare subsidy to increase As part of the 2021–22 Federal Budget, the government has announced that the childcare subsidy will be increased up to a maximum of 95% from 1 July 2022. Under the current arrangements the maximum childcare subsidy payable is 85% of...
NSW small business fees and charges rebate $1500
Eligibility To be eligible for this rebate, small businesses (including non-employing sole traders) and not-for-profit organisations must: • have total Australian wages below the NSW Government 2020-2021 payroll tax threshold of $1.2 million • have an Australian...
New Superannuation rates & thresholds for 2021-2022
Superannuation rates and thresholds for 2021–22 The ATO has published the key superannuation rates and thresholds for the 2021–22 year. Some of these rates and thresholds have been indexed following the average weekly ordinary time earnings figures released by the...
First conviction for JobKeeper fraud
First conviction for JobKeeper fraud A man has been convicted to 3 counts of making a false and misleading statement to receive $6,000 in JobKeeper payments. In addition to the conviction, the Heidelberg Magistrates’ Court fined Mr Raed Saleh $3,000 and ordered him to...
Priority Migration Skilled Occupation List
These 18 occupations skilled visa applicants will be on the priority list (update as at 27 Nov 2020) The Priority Migration Skilled Occupation List The 18 occupations (ANZSCO code) are: • Chief Executive or Managing Director (111111) • Construction Project Manager...
Business Visas UPDATE
Business Innovation and Investment Program changes from 1 July 2021 Key changes: The program will be simplified from nine to four visa streams: Business Innovation, Entrepreneur, Investor, and Significant Investor. There will be a clear pathway to permanent residency...
Can I deduct business assets?
Rules surrounding full expensing of assets In the 2020 federal budget, the government announced new rules relating to fully deducting assets used in your business. This letter is to provide you with a snapshot of the rules, so that you can understand how they affect...