JobKeeper Enrolling with Xero Software
Step 1 – Enrolling for the JobKeeper Payment with Xero Software As previous reported, businesses can only enrol if they have had a decline in turnover, your business has experienced or is…
Read moreSMSF
Self Managed Super Fund & Crypto
Recently a colleague of mine asked me to ring a client who wanted to know if his SMSF could invest in Bitcoin, a Cryptocurrency. The general story I got was that the…
Read moreThe Property Market & Self Managed Super Funds
There is no doubt that property investments are a hot topic right now. So many people feel that they are missing out, and are looking at ways they can increase their exposure to property. Residential Property investments have always been a key platform and asset class for Aussies as they consider retirement. With the advent of SMSF, it is only natural that the concept of retirement and residential property would come together.
Read moreATO Alerts for changes made to SMSF information
It’s that time of year again – some Self-Managed Superannuation Funds are lodging their income tax returns for the 2020 financial year, and in some instances, this triggers an email and/or text…
Read moreMaking Superannuation Contributions over the age of 65
Recent changes to superannuation legislation now makes it easier for people over the age of 65 to make contributions to superannuation. From 1st July 2020, you no longer need to meet the…
Read more2020 – End of Financial Year Checklist – Superannuation
Concessional Contributions Cap The concessional contributions cap for the 2020 financial year is $25,000. Concessional contributions can include the following:
Read moreNOW OPEN – Small Business COVID-19 Adaption Grant Program
The Government grant has been developed to support small businesses which were impacted by the COVID-19 shutdown restrictions. Directly aimed at small and micro businesses to assist with, the preparation of safe resumption of trading, assist with accessing digital technologies to rebuild business operations.
Read moreCOVID-19, Government Stimulus and JobKeeper Payments
COVID-19, Government Stimulus and JobKeeper Payments The Australia Taxation Office opened the registration for Businesses to enrol for JobKeeper payments yesterday. To be eligible for this first payment registrations must be lodged with the ATO by the 26th April 2020. Whilst you may have already registered interest, you still need to enrol.
Read moreCoronavirus land tax relief
The Queensland Government is offering the following land tax relief to eligible landholders: a land tax rebate reducing land tax liabilities by 25% for eligible properties for the 2019-20 assessment year a waiver of the 2% land tax foreign surcharge for foreign entities for the 2019-20 assessment year a 3-month deferral of land tax liabilities for the 2020-21 assessment year.
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