General

tax policy

Federal Budget 2021 – Changes affecting business taxpayers

Posted by Todd Hodkinson on May 13, 2021

Temporary full expensing extension In the prior year (2020/21) Federal Budget, the Government announced amendments to allow businesses with an aggregated turnover of less than $5 billion to access a […]

General

Federal Budget 2021 – Personal Income Tax Changes

Posted by Todd Hodkinson on May 12, 2021

Retaining the Low and Middle Income Tax Offset (‘LMITO’) for the 2022 income year The Government has announced that it will retain the LMITO for one more income year, so […]

General

Who do we tax and why?

Posted by Todd Hodkinson on October 13, 2020

Each year, Accountants and Tax Agents approach Federal budget time with both anxiety and optimism.  Potential changes may bring not only opportunities for us to help out clients but also […]

General

Australian Federal Budget 2020-21 – Overview

Posted by Todd Hodkinson on October 7, 2020

Detail from https://www.charteredaccountantsanz.com Government is spending big on infrastructure, job creation, asset write-offs and personal tax cuts In Brief A record $213.7 billion deficit and net debt predicted to peak […]

General

Businesses now able to claim JobKeeper for new employees

Posted by Todd Hodkinson on August 17, 2020

A legislative instrument was registered on 14 August 2020 amending the JobKeeper rules to allow businesses to claim the subsidy in respect of new employees. The changes apply to JobKeeper […]

General

JobKeeper 2.0

Posted by Todd Hodkinson on July 22, 2020

Some important announcements yesterday for those businesses who continue to be affected by COVID-19 restrictions.  The well received and targeted JobKeeper program has been extended for those business that continue […]

General

JobKeeper: Alternative Tests

Posted by Todd Hodkinson on April 26, 2020

One of the major issues that was immediately highlighted with the JobKeeper package was that the initial test for being an eligible business wouldn’t necessarily fit all business scenarios.  Upon […]

General

Jobkeeper allowance – Is the devil in the detail or more the fear of the unknown?

Posted by Todd Hodkinson on April 17, 2020

If there’s one term that any Tax Agent cringes at, it’d have to be “Commissioners discretion.”  This is because we don’t like uncertainty, that’s why we play with numbers all […]

General

The difference between your business making it through this or not…

Posted by Todd Hodkinson on March 30, 2020

The Government has announced the third and largest economic stimulus package in response to the coronavirus pandemic as a flat $1,500 payment paid to businesses who retain their workers through […]

General

Government’s Stimulus Package in response to the Coronavirus

Posted by Todd Hodkinson on March 24, 2020

What a changed world we are living in as we all try to navigate the challenges arising from the current Coronavirus Pandemic, including protecting the health and safety of our […]