After a difficult year we want to prepare you for when June 30 rolls around. So, here are some last minute answers to those tricky questions to get you EOFY ready for 2021.
The ATO updated their guidance on Service entity arrangements in 2019 and now in 2021 have provided a broader risk matrix to determine which professional practices should be reviewed and/or audited. Should Professionals, such as doctors, de…
The Australian Taxation Office (ATO) has been concerned for some time about how many professional services firms are structured – specifically, professional practices such as lawyers, architects, medical practices, engineers, architects etc…
The impact of COVID-19 has been felt very differently from region to region. Fortunes vary wildly between business operators subject to ongoing lockdowns and trading impediments to those benefiting from the “new normal”.
The government has made changes to our Insolvency Framework to help more small businesses restructure and survive the economic impact of COVID-19.
The second tranche of the JobKeeper scheme changes the eligibility test for employers and the method and amount paid to employees.
In these trying times, the NSW government is supporting small businesses in NSW with a couple of targeted grants, such as:
We always knew that a Government scheme swiftly distributing cash during a crisis was going to come with equally swift compliance and review measures, particularly when eligibility was self-assessed. Two major Australian Taxation Office (AT…
“…while it is all very well to talk of ‘turning points’, one can surely only recognise such moments in retrospect.” Kazuo Ishiguro, The Remains of the Day