fbpx

superannuation Adelaide Tag

Save Tax – Opportunities with Superannuation for 2020

When you retire, your superannuation is likely to become an important source of your income. That’s why it’s a good idea to top it up while you are working. But did you know, there are also some excellent tax benefits you can take advantage of right...

Super guarantee amnesty

The super guarantee (SG) amnesty is now official. Under the amnesty, employers have a 6-month window until 7 September this year to disclose, lodge and pay unpaid SG amounts for their employees. To be eligible for the amnesty, you must declare and pay your SG shortfalls...

JobKeeper eligibility: Sole traders and other entities

Sole traders and some other entities (such as partnerships, trusts or companies) may be entitled to the JobKeeper Payment scheme under the business participation entitlement. However, not-for-profit organisations are not included. Your entity may be eligible for the JobKeeper Payment scheme if you: have a non-employee...

Updated: JobKeeper payment application details

The JobKeeper Payment is a wage subsidy that will be paid through the tax system to eligible businesses impacted by the Coronavirus. Under the scheme, eligible businesses will receive a payment of $1,500 per fortnight per eligible employee and/or for one eligible business participant (i.e., an...

Avoid the C.R.A.S.H – 5 Steps to recession-proof your business

Australia has been lucky over the last few decades since the days of the recession ‘we had to have’. We’ve done well to dodge the worst of the global financial crisis and have experienced strong economic growth. Recently however, the media have begun hinting that we’re...

Coronavirus response – How we can help

The Coronavirus (or COVID-19) pandemic has turned the world up side down and its consequences continue to spread across all aspects or our personal and business lives. In light of the recent developments around the Coronavirus and the uncertainty we are all facing day to...

SMS scam – tax refund notification

The ATO has alerted taxpayers to another scam where messages are texted to people asking them to click on a link and provide personal identifying information to receive a refund. To make the messages seem more legitimate, scammers are using technology that causes them to...

Have you prepared for changes in income protection?

With effect from March 31 2020, APRA expects insurance companies to discontinue issuing any new contract where insurance benefits are not based on income at time of claim, including Agreed Value income protection policies....

How the ATO is Tackling the Black Economy

The black economy involves dishonest and criminal activities that happen outside the tax system. It encompasses many elements, from the under-reporting of income and non-payment of superannuation through to serious criminal activities such as money laundering, illicit tobacco and the illegal drug trade. By avoiding their tax...