There are a couple of measures announced during the week by the Morrison government as post JobKeeper stimulus package worth $1.2 billion.

The Government is extending and expanding the Supporting Apprentices and Trainees wage subsidy under the Boosting Apprenticeship Commencements Program…

The ATO recently release updated guidance (PCG 2021/D2) on their view of the treatment of profits earned by professional practices…

While it has been expected for a while that the ATO would start to ramp up the auditing around cryptocurrencies, it has yet to put the funding into such a scheme.

From 1 July 2021, the concessional and non-concessional contribution caps are set to increase due to indexation for the first time ever since July 2017.

If you have apprentices or trainees, you may be eligible to apply for a wage subsidy under the JobTrainer package, introduced by the government…

JobKeeper extension 2 starts from 4 January 2021 and it runs till 28 March 2021...

The JobMaker Hiring Credit was introduced by the Australian Government to provide incentive for employers to hire young job seekers by delivering a payment to employers to help support the new employee’s wages cost.

The Research and Development tax incentive encourages companies to engage in Research and Development benefiting Australia, by providing a tax offset for eligible Research and Development activities.

If you are one of the many taxpayers who have lodged your personal income tax return by 31 October, it is vital to be aware of the ATO Impersonation Scams.

Although we have been operating under the Personal Property Securities Act 2009 (Cth) (PPSA) for a number of years (became law 30 January 2012), this area of law continues to generate disputes because of the complexity of the legislative regime and the ramifications of being an unsecured creditor of an insolvent entity.

The measure to increase the number of members allowed in an SMSF from four to six was introduced into Parliament 2 September 2020 and remains before senate without opposition.

Due to COVID-19, many taxpayers have now started working from home either temporarily or some taxpayers have now made this as a permanent arrangement with their employers.

Directors may be personally liable for certain actions by the company including situations of insolvent trading and failure to meet employee (PAYG and superannuation guarantee), or GST obligations.

The government has announced on 14 August 2020 for the extension on the JobKeeper payments till 31 March 2021…

The 2020 financial year will be remembered as the year of uncertainty for all small businesses and individuals.

Cash flow is one of the key challenges and stress points for Australian small businesses…

As we are quickly approaching the end of financial year 30 June 2020, now is a good time to have a look at both your expected taxable income for the current financial year 2019-20 and your projected taxable income for 2020-2021 as they will help guide your tax planning strategy.

The Federal Government has unveiled its HomeBuilder scheme, which has been designed to help Australia’s Residential Construction Industry bounce back from the Corona Virus crisis.

If your SMSF has a related party loan and is impacted due to the financial effects of COVID-19, you may be able to provide your LRBA with relief under an agreed commercial arrangement.