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 […]
Businesses with payrolls up to $10 million can defer their liabilities for the first half of the 2020-21 financial year.
https://www.premier.vic.gov.au/more-survival-support-victorian-businesses
Eligible businesses can claim an emergency tax relief refund of payroll tax already paid in the 2019-20 financial year.
Option of deferring 2019-20 payroll tax to October 2020. Instalment plans can be entered into after October 2020. Payroll tax threshold has increased to $1m for 2020-21.
Opening soon
Up to $10,000 for up to 1,000 eligible small or medium NSW […]
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 […]
6 Final reminders of how to reduce tax for 2020
As a business owner, there are many obligations that you need to consider and action just before and after 30 June.
Some of these will help to minimise your tax. Others will reduce your exposure to an ATO tax audit. […]
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 […]
Australian State and Territory economic relief and stimulus package summaries
To assist our clients, the NTAA has prepared the following […]
JobKeeper support services from Salisbury Accountants
There is a step-by-step process to follow for this scheme which we […]