Accounting & Tax

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The Federal Government passed the legislation backing their Stimulus Package on the 23rd March 2020. Boosting cash flow for employers WARNING: Employers must be established before 12 March 2020 (with an ABN) to be eligible for the following payments. The payments are also subject to specific integrity...

26 March, 2020 /

The Government will introduce a new compassionate ground of release that will allow individuals to access their superannuation entitlements where those benefits are required to assist them to deal with the adverse economic effects of the Coronavirus, but only where one or more of the...

26 March, 2020 /

From 27 April 2020, the Government will introduce a Coronavirus supplement of $550 per fortnight (payable to individuals currently receiving certain eligible income support payments) and will also temporarily expand access to certain income support payments, over a six-month period. The Government will also provide two...

26 March, 2020 /

What is the margin scheme? GST can be a hidden trap for property developers. This is because (unsurprising) the rules around GST on a property can be very confusing! In very general terms if you are selling a property that is considered "new" by the ATO,...

26 February, 2020 /

Another question from the common questions file. Our short answer is: Repairs and Maintenance are generally defined as a cost that repairs or replaces an existing item. That means if you replace an appliance with another comparable appliance then it will generally be Repairs & Maintenance, even...

02 September, 2019 /