Our Insights
Reminder of March 2022 Quarter SG
Reminder of March 2022 Quarter Superannuation Guarantee Employers are reminded that their SG obligation for the 1 January 2022 to 31 March 2022 quarter is
2022-2023 Budget Measures that are now law
Low and Middle Income Tax Offset A measure that will no doubt be beneficial for individual taxpayers is the increase in the Low and Middle
2022/23 Federal Budget
Federal Budget Highlights In this summary: Personal income tax changes (please scroll down) Changes affecting business taxpayers Other Budget announcements 1. Personal income tax changes
Managing business cash flow and income
Managing small business cash flow and income in 2022 It’s been a lean time for small businesses, and especially the families supporting them. Xero’s small
ATO business support
ATO support for businesses in difficult times The ATO has reminded taxpayers that it has a range of support available for small businesses experiencing difficult
Payroll matters February 2022
Higher PAYG withholding rates continue to apply to backpackers As we recently communicated, the High Court has held that the ‘working holiday maker tax’ (also
COVID-19 vaccination incentives and rewards
FBT consequences of providing non-cash benefits The ATO has reminded employers to consider their tax and super obligations when employees are provided with incentives or
SME Recovery Loan Scheme extended
Government extends SME Recovery Loan Scheme to 30 June 2022 The Government has recently extended the SME Recovery Loan Scheme by a further six months
‘Backpacker tax’ may not apply to some backpackers
Working holiday maker tax ruling Employers should be aware of the application of the Double Tax Agreement between Australia and the United Kingdom. The High
ABN ‘intent to cancel’ program
The ATO is cracking down on inactive ABNs The ATO is reviewing Australian business numbers (‘ABNs’) to identify potentially inactive ABNs for cancellation It has
Managing business cash flow
The ATO has issued a reminder to businesses It asserts that paying regular attention to record-keeping and reporting tasks will help firms better manage their
Beware of scams
Scamwatch is warning of the cost of scams Australian consumers, businesses and the economy lose hundreds of millions of dollars each year and suffer serious
