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 […]
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 […]
As a result of the impacts of the COVID-19 pandemic on commercial enterprise within Australia, the federal government introduced temporary relief for financially distressed companies to assist them to navigate this crisis. Among other things, this included: temporary relief to company directors from personal liability for insolvent trading claims; and increase the thresholds relevant to […]
2020 has proven to be a whirlwind for Australian businesses, with many struggling to cope with the financial implications and fallout of COVID-19, shining a spotlight on the obligations of company directors. Those with large workforces — and particularly businesses involved in aged care and disability — have had to manage the increased costs associated with managing […]
We have recently seen a surge in payroll tax audit activity as the state revenue authorities have received data from other sources, including the ATO and ASIC. Here are some traps to look out for. If you receive an audit letter for your business or a client, it is important to review the payroll tax […]
Black economy participants and tax dodgers driving luxury cars will continue to come under ATO scrutiny as it looks to extend its motor vehicle data-matching program for a further three years. The extension of the data-matching program will see the ATO continue to collect records from eight state and territory motor vehicle registries for the 2019–20, […]
In today’s fast paced business environment, it makes smart business sense to appoint a company power of attorney. A company power of attorney may be better described by distinguishing it from an individual power of attorney. In simple terms, a power of attorney is an instrument that gives authority to another person to act on behalf […]
Hello everyone, Just an urgent update for those that qualify for this round of Job Keeper 2.0. Eligible employers have until 31 October 2020 to make gross wage payments to eligible employees for the fortnights ending 11 October 2020 and 25 October 2020. The minimum fortnightly gross payments are either $1,200 for employees. (Tier […]
The Government today announced the future of JobKeeper and JobSeeker along with other income support measures. We’ve created a client update to help with the changes. For JobKeeper, current arrangements will generally remain the same until 27 September 2020. From this date onwards, employers seeking to claim JobKeeper payments will need to reassess their eligibility […]
Rede Accountants Covid-19 Update Following the recent opening of the State border, Rede Accountants has taken measures to manage the risks of exposure to COVID-19 within our work environment. These include increased hygiene measures and physical distancing. During the COVID-19 pandemic we are taking additional steps to make sure everyone can stay healthy and safe […]
COL WILSON B.COM, FCPA, REG'D TAX AGENT
KEN LUDEKE FCPA, FCA, REG'D TAX AGENTCertified Practising Accountants
Suite 1004, Level 10 "The Rocket" 203 Robina Town Centre Drive Robina QLD 4226
Tel: 1300 399 599
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