9:12 am | Tax
Victoria announces $1.5bn in new tax relief, including a jobs tax credit
In announcing its highly anticipated budget, Victoria has pledged $1.5 billion in new tax relief for businesses and families, including…
12:19 pm | Tax
ATO to examine data on 10m individuals under new JobKeeper compliance program
The ATO’s data-matching program with the Department of Home Affairs will be extended for another three years, with a particular…
2:51 pm | Tax
Small-business coronavirus grants set to be income tax-free under new bill
The government has announced that small and medium business grants announced on or after 13 September will be non-assessable non-exempt…
10:53 am | Tax
Draft Rules for JobMaker hiring credit given green light
Under the draft rules, an entity may receive up to $200 per week for each eligible additional employee aged 16…
11:59 am | Tax
New tax bracket for 2021
The new individual tax rates for 2021 FY is now in place, and for people earning $120,000 should notice it…
8:20 am | Tax
2021 Tax Brackets
The standard deduction for 2021 will be $25,100, an increase of $300, for married couples filing joint returns; $12,550, an increase of…
7:27 am | Tax
Raised tax brackets
The upper threshold of the 19% tax bracket will rise from $37,000 to $45,000, and the upper threshold of the…
6:38 am | Tax
Relieving some cash flow
In an effort to help boost business cash flows, the government will allow businesses with a turnover of up to…
7:10 pm | Business
Deadline for Single Touch Payroll
Just a reminder to all our business owners who have employees. Have you done your single touch payroll? You need…
3:27 pm | Accounting
For Employees in regards to the PAYG Summary for 2020 Financial Year
The way you get your Payment Summary is changing Most employers are no report through Single Touch Payroll, where your…
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