Did You Know?

This year’s Budget is rather unique as it occurred just before a federal election. While there are many parts of this years’ Budget that apply to future years, we have summarised below the key changes you need to know about for the next 12 months. Remember, if the Federal...

WHAT IS SINGLE TOUCH PAYROLL? Single Touch Payroll is a Government initiative that will change the way you report on your payroll to the ATO from 1 July 2019. Under Single Touch Payroll (STP), all businesses will report on salary or wages, pay as you go (PAYG) withholding and...

If you’re in the building and construction industry, there are changes coming to how the Queensland Building and Construction Commission (QBCC) will require reporting, starting from as early as 1 January 2019. Due to changes in legislation in 2014 that has prevented the QBCC from monitoring companies at potential...

Earlier this week the Government announced an increase to the Small Business Instant Asset Write-off threshold from $20,000 to $25,000 effective 29 January 2019, and an extension to the availability of the write-off to 30 June 2020. This extends both the threshold for 17 months and the availability of...

Extension of Small Business Instant Asset Write-Off The Treasury Laws Amendment (Accelerated Depreciation for Small Business Entities) Bill 2018 was yesterday passed by the Parliament into law. The Bill extends by 12 months to 30 June 2019 the period during which Small Business Entities can access expanded accelerated depreciation...