Important Update for Employers

Important Update for Employers

URGENT needs action now: Super Contributions for the year ended 30 June 2021 For Super contributions to be deductible in this financial year, they will need to be received by your, or your employees, super fund by 30 June 2021. If you use a clearing house to distribute super contributions, you will need to allow…

Changes to Insolvency Laws

Changes to insolvency laws from January 2021 include reforms that introduce a new, simplified debt restructuring process. These measures apply to incorporated businesses with liabilities of less than $1 million – full details in this Treasury factsheet, please click to learn more. To ask any questions and discuss this matter further, please call us on…

Federal Budget 2020/21

The 2020-21 Federal Budget was deferred from May to 6 October 2020 due to the extraordinary circumstances brought about by the COVID-19 pandemic. The Budget announcements were wide-ranging and much of the detail has not yet been released. Announcements include: Small business tax concessions extended to medium sized businesses Outright capital assets deduction until 30…

Update to JobKeeper 2.0 and Extension of Fair Work Amendments

JobKeeper 2.0 The ATO has released updated information regarding JobKeeper 2.0. Please click below to view/download JobKeeper 2.0 Extension of Fair Work Amendments If employers are currently using JobKeeper enabled stand-down directions, they will expire 28 September 2020.  The Fair Work amendments have been extended to allow JobKeeper enabled stand-down directions to continue beyond 28…