by admin | Jul 8, 2021 | Uncategorized
Happy New (Financial) Year As we enter a new financial year it is a great time for business planning and reflecting on the year that has been. With the whirlwind of 2020-2021 and all the changes that Covid-19 has brought, it is important to also take some time to...
by admin | Jul 8, 2021 | Uncategorized
The QLD government has recently announced a new Small Business – Business Boost Grant worth up to $15,000 Further details and eligibility criteria is expected to be released in mid-July 2021 with applications opening in late July 2021. For further information on this...
by admin | Jul 8, 2021 | Uncategorized
You may be exempt from giving payment summaries to your employees and a payment summary annual report to us for the amounts you’ve reported through STP. This information will be made available to your employees online through myGov or via their registered tax...
by admin | Jul 8, 2021 | Uncategorized
In the 2017-18, 2018-19 and 2019-20 income years, companies that are classified as Base Rate Entities must apply the 27.5% company tax rate. In the 2020-21 income year, the tax rate has reduced to 26%. From the 2021-22 income year onwards, the tax rate will lower...
by admin | Jun 3, 2021 | Uncategorized
Catch-up concessional contributions cap How does it work? If you make or receive concessional contributions of less than the annual concessional cap of $25,000 per annum, you may be able to accrue these unused amounts for use in subsequent financial years. Please...
