TAX MATTERS November 2021

Welcome to Tax Matters November 2021. In this we cover the important considerations for businesses with their tax position as we move into 2022. We include: Destination Single Touch Payroll Phase 2. All Aboard Income or Gift? Undeclared Foreign Income The Second Payment Times Reporting The Right Way to Lodge an Objection [...]

2021-12-03T14:24:32+11:00November 26th, 2021|Business Services, Business Update|

After rent relief and property concessions: the tax implications

Property and tax is a tricky subject that goes beyond these rent relief measures and concessions. As the schemes start to dial back, it’s important to remember that tax and your dealings with property is an ongoing conversation you may need to revisit and reacquaint yourself with. Over the last 18 months, [...]

INSIGHTS: SME Business Matters | Strategies for your business

SME Business Matters | Strategies for your business Sentiments in the SME sector are heading in the right direction after the Delta hiccough. As we emerge from lockdown hibernation and the service and retail sectors open, the long awaited momentum is building. In this edition of SME Business Matters, we discuss: Implementing [...]

The end of special purpose statements and RDR replaced by Simplified Disclosures

With the Australian Accounting Standards Board advising Special Purpose Financial Statements will no longer be allowed for certain for-profit private sector entities, it is time to start considering the impact of changing to General Purpose Financial Statements and potentially implementing the change for the financial year ended 30 June 2021. Impacts for-profit [...]

2021-11-17T13:31:43+11:00August 12th, 2021|Business Update|

Victorian State Budget 2021-22

State Government Treasurer Tim Pallas handed down a Budget that has four step medium-term fiscal strategy to rebuild the Victorian economy after an economically ravaged 2020. These steps include: 1. Creating jobs, reducing unemployment and restoring economic growth 2. Returning to an operating cash surplus 3. Returning to operating surpluses 4. Stabilising [...]

2021-05-21T15:57:31+10:00May 21st, 2021|Publications|
Go to Top