1.1 Changes to personal income tax rates
The Government has announced that it will bring forward changes to the personal income tax rates that were due to apply from 1 July 2022, so that these changes now apply from 1 July 2020 (i.e., from […]
The NSW Government is providing a grant for small businesses in eligible local government areas (LGAs) that have been impacted by the closure of the NSW and Victorian border.
The ‘Southern border small business support grant’ is designed to provide immediate, […]
As a result, JobKeeper would now be made over two separate extension periods, being:
Extension Period […]
As a result, JKPs would now be made over two separate extension periods, being:
Extension period 1 – which covers […]
The ATO is encouraging employers to apply for the amnesty and make payments as early as they can. Any amnesty amounts paid before 7 September 2020 are tax-deductible.
For […]
The payment rate will be reduced and a lower payment rate will be introduced for those who work fewer hours. Other eligibility rules […]
Business tax changes for a new financial year
From 1 July 2019, if taxpayers don’t meet their PAYG withholding and reporting obligations to the ATO, they will not be able to claim a tax deduction for payments:
of salary, wages, commissions, bonuses or allowances to […]
Small businesses who employ less than 20 people will receive up to $7,000 per quarter for three quarters to keep their apprentices
It is expected that these payments will be received via the Australian […]
JobKeeper Payment
If you enrol by 31 May you will still be able to claim for the fortnights in April and May, provided you meet all the eligibility requirements for each of those fortnights. This includes having […]
Salisbury Accountants JobKeeper support
There has been a hive of activity around the JobKeeper payment and, with a week under our belts, we are able to debunk the myths and misconceptions of how the scheme works.
The subsidy will be […]