Keeping Australians employed: Government’s JobKeeper Payment

The Federal Government’s $130 billion JobKeeper subsidy is intended to keep Australian employees in work. Around 6 million workers will receive a fortnightly payment of $1,500 (before tax) through their employer. The subsidy will start on 30 March 2020, with the first payments to be received by employers in the first week of [...]

2020-03-31T18:13:21+11:00March 31st, 2020|

Australia Changes Foreign Investment Review Threshold

Australia has long been a favoured region for foreign investment with a stable legal and political system, a strong growing economy, the world’s largest producer of gold, iron ore and uranium, a major global producer of agricultural commodities, the sixth largest pool of investment funds under management, a highly educated workforce and proximity [...]

2020-03-31T14:52:36+11:00March 31st, 2020|

Managing your business through economic uncertainty

Article extract by Rick Gendemann, CPA, CA, Manning Elliot LLP, BC Canada. Today’s economic environment and the impact of world health concerns continue to send major shock waves around the globe. As a business owner, you are facing new challenges, the likes of which you may have never experienced previously. Successfully managing through [...]

2020-03-26T12:26:01+11:00March 26th, 2020|

Tax Time Monthly March 2020

In this edition of Tax Time Monthly we cover updates and findings from ATO on: Superannuation Guarantee Amnesty Coronavirus Stimulus Package Notable developments of FBT year ended 31 March 2020 Additionally, the determinations of the ATO on: Loss on shares deductible and taxpayer wins appeal - Greig v FCT Sale of development [...]

2020-03-17T14:16:22+11:00March 17th, 2020|

Counteracting the economic impact of Covid-19: Government Stimulus Package Announced

The Federal Government has announced a $17.6 billion stimulus package to counteract the economic impact of Covid-19 (Coronavirus). The package will provide small businesses and welfare recipients with a one-off cash payment, while also extending existing benefits such as the instant asset write off. The stimulus measures will be spread over this financial year [...]

2020-03-17T00:11:36+11:00March 17th, 2020|

Once-off Super Guarantee Shortfall Amnesty

Employers have until 7 September 2020 to self-correct any historical underpayments of super guarantee amounts dating back to 1992 - without penalty. The Treasury Laws Amendment (Recovering Unpaid Superannuation) Bill 2019 has been enacted. The amnesty period allows for: Removal of the $20 per employee per quarter administration charge Removal the imposition [...]

2020-03-12T11:04:13+11:00March 12th, 2020|

Business Update February 2020

Business Update February 2020 In this Business Update, we've selected key issues we think our clients should know about: ATO gathering data about “lifestyle assets” New Reporting Laws for the Disclosure of Business Tax Debts ATO extends tax relief and assistance for people impacted by bushfires Redeeming damaged banknotes from bushfire victims [...]

2020-02-20T16:26:13+11:00February 20th, 2020|

Hall Chadwick ranks 19th in Australia’s Top 100 Accounting Firms

This week the Australian Financial Review published its 2019 Top 100 Accounting Firms list. Hall Chadwick resides assuredly in the country’s top 20 for the third year running. The AFR says more than half of the surveyed firms nominated business, tax and risk advisory as the fastest growing parts of their business. Hall [...]

2019-11-14T17:05:25+11:00November 14th, 2019|