JobKeeper payments and ATO compliance

The JobKeeper Payment scheme, introduced by the Federal Government in response to the COVID-19 economic downturn, has distinctly moved from the eligibility stage to a compliance phase. As at 20 May, the ATO had begun investigations …

Self-Managed Super at EOFY

The 2019-2020 financial year is like none we have experienced in recent memory, with the Coronavirus pandemic throwing societies and economies into unknown territory. Despite this, it's still important for anyone who holds a self-ma …

Tax and cash flow planning at EOFY

The end of the financial year is an important time to consider a number of tax planning initiatives to help minimise your tax liability and increase any potential refund. Timing is a traditional hallmark of tax planning, so keep in …

Government benefits and aged care

With the end of  the 2020 financial year approaching, it's an important time to consider options that might be available to you or other members of your family in relation to Government benefits and/or accessing aged care services. …

The importance of insurance

A significant number of working Australians remain under-insured or even worse, totally uninsured. Either way, this can have dire consequences for families in the unfortunate event of a family member passing away, having a serious i …

Your super at End of Financial Year

While the Coronavirus pandemic has captured global attention, it's still important to be mindful of your long-term planning for retirement. Superannuation savings have not been immune to the economic downturn caused by Coronavirus, …

Claiming home office costs: The ATO's short-cut method.

The Australian Tax Office (ATO) has announced a temporary simplified short-cut method to make it easier for individual taxpayers to claim deductions for additional running expenses incurred (eg. additional heating, cooling and light …

Managing self-employment in a downturn

With a recession becoming increasingly likely as a result of the impacts of COVID-19, many self-employed Australians are understandably nervous about how they will manage any disruption to their income throughout this time. …

Economic Stimulus #3: JobKeeper Subsidy

As the Coronavirus pandemic adds further risk of widespread business interruption, the Federal Government has released its third economic stimulus instalment. The $130 billion JobKeeper Subsidy is designed to keep businesses operati …

Economic Stimulus #2 released

As the Coronavirus pandemic continues to have a societal and economic impact on Australian communities, the Federal Government has announced a second Economic Stimulus Package for businesses and individuals to the tune of $66.1 bill …