Blog Posts by Jess

Personal tax cuts – What employers need to do now!

At the beginning of October the Australian Government handed down its 2020 Federal Budget. Part of the Government’s response to the COVID-19 pandemic is to cut personal tax rates retrospectively from 1 July 2020. The Government estimates this will provide tax relief of approximately $12.5 billion over the next 12 months.    To ensure these tax cuts are effective […] Read More

JobKeeper Monthly Declarations Now Open

All businesses registered for the JobKeeper program should now lodge their monthly declaration with the ATO to enable receipt of their first monthly payment. The monthly declarations include your actual turnover for April, a projection for May turnover as well as confirming the number of eligible employees paid for April. To lodge your declaration, log […] Read More

Are you ready for the Single Touch Payroll deadline?

For small businesses with 19 or fewer employees, Single Touch Payroll (or STP) became a requirement from 1 July 2019, with a three-month transition period granted to get STP up and running. Larger businesses with 20 or more employees were required to start from 1 July 2018. The three-month transition period for small businesses is […] Read More

Tax time is coming! Tips for rental property owners.

As we get ready to kick off the 2019 tax return season, now is a good time to look at some of the things we need to prepare your tax return. Here are some things for rental property owners to consider this tax time. I’ve purchased a property this year, what do I bring? The […] Read More

ATO Scam Warnings

After a run of phone calls from clients who have received text messages from the Tax Office, I thought it was a timely reminder of what to keep an eye out for to keep yourself safe from scammers. The Tax Office are using electronic communications more and more to communicate with clients about upcoming lodgements, […] Read More

Advice for buying or selling property

Are you buying or selling a house, farming land or commercial property? Talk to your accountant now! Recent changes to taxation laws mean that anyone purchasing or selling property may have an obligation to withhold tax, or find that they have tax withheld from their settlement proceeds! The ‘Foreign Resident Capital Gains Withholding’ regime has […] Read More