Blog Archives

August 2021 Newsletter

Rede Accountants August 2021 Newsletter The guide covers the measures for: AFTERPAY’S $39BN PAY DAY The model What if you have Afterpay shares? LOCKDOWN SUPPORT UPDATE For individuals New South Wales business Queensland business South Australia More funding for Victorian SMEs QUOTE OF THE MONTH GROWING YOUR BUSINESS VALUE ARE COVID-19 GRANTS AND FUNDING TAX […]

August 2021 Queensland Lockdown Support?

Rede Accountants August 2021 What lockdown support is available in Queensland? We do hope that the following information is of great value to yourself and your business, to assist you financially through this latest Lock Down period. As we write, Eleven Queensland local Government areas were declared a Commonwealth hotspot on 31 July 2021. If […]

July 2021 Newsletter

Rede Accountants July 2021 Newsletter The guide covers the measures for: LOCK-DOWNS: WHAT HELP IS AVAILABLE For you COVID-19 disaster payment Pandemic Leave Disaster Payment Support for business New South Wales Northern Territory BUSINESS IN A POST PANDEMIC ENVIRONMENT The National Plan’s impact on business BUSINESS IN A POST PANDEMIC ENVIRONMENT Family groups Estate planning […]

Taxation of Cryptocurrency transactions and the Australian Tax Office

With the growing popularity of cryptocurrency over the past year, it seems like everybody has had it brought up to them in one way or another. The exponential increase of prices throughout a large majority of tokens has gained the attention of many, with most quite eager to get involved. Due to the increasing digitalization […]

ATO signals crypto crackdown as tax time looms

The Tax Office will move to engage around 100,000 taxpayers ahead of tax time to alert them to their tax obligations as it moves to firm its stance on accounting for cryptocurrency.    The ATO on Friday warned that it would write to about 100,000 taxpayers to alert them to their tax obligations amid growing […]

June 2021 Newsletter

Rede Accountants June 2021 Newsletter The guide covers the measures for: WORK FROM HOME EXPENSES UNDER SCRUTINY & THE PERILS OF BROWSING FACEBOOK AM I TAXED ON AN INSURANCE PAYOUT? Business premises, trading stock and depreciating assets Rental properties QUOTE OF THE MONTH WHAT CHANGES ON 1 JULY 2021? Super guarantee rate increase to 10% […]

The Balancing Act Budget: Budget 2021-22

The 2021-22 Federal Budget is a balancing act between a better than anticipated deficit ($106 bn), an impending election, and the need to invest in the long term. It is also a human budget (cynics would say voter focussed), with $17.7 billion dedicated to aged care, more money in the pockets of low-income earners, the […]

May 2021 Newsletter

Rede Accountants May 2021 Newsletter The guide covers the measures for: THE NEW LIFETIME DIRECTOR IDS Why a director ID? Who will need a director ID? The problem of directors in name only Better monitoring and bigger teeth for ASIC THE TOP 8 REASONS WHY STAFF LEAVE TAX EXEMPTION FOR ‘GRANNY FLAT’ ARRANGEMENTS 2021-22 Federal […]

Important Information

INDIVIDUAL TAX ASSESSMENTS AND QUARTERLY TAXES If you have a MYGOV account, the ATO are now bypassing the tax agent and uploading your annual tax assessment into your MYGOV account. They then either send you a text or email (depending on your nominated preference). You should not ignore this as there is no paper assessment […]

April 2021 Newsletter

Rede Accountants April 2021 Newsletter The guide covers the measures for: THE 1 JULY 2021 SUPERANNUATION CHANGES How will the transfer balance cap impact me? You are accumulating super You have started taking your super The amount you can contribute to super will increase The bring forward rule TAX TREATMENT OF JOBKEEPER PAYMENTS HANDED BACK […]