Latest News

Flashy cars, low income: ATO eyes tax-dodging red flag

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, […]

Do You Need a Company Power of Attorney

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 […]

JOB KEEPER 2.0

  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 […]

JobKeeper 2.0 & Other Measures – the future of JobKeeper

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

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 […]

$2.5bn JobTrainer package: What you need to know

  The Prime Minster today announced the $2.5bn JobTrainer package to retrain, upskill and open new job opportunities. The ABS labour force statistics were also released today revealing the unemployment rate has risen to 7.4% in June but with the participation rate increasing by 1.3%. Senator Michaelia Cash stated that “the Government remains acutely aware […]

UNIVERSITY FUTURE CHARGES

The government is proposing to increase the university course costs for degrees in arts, business management, technology and law whilst decreasing the costs for teaching, nursing, sciences, engineering and medical. The object is to encourage more students into courses where there are career shortages. These cost changes could be substantial.

SUPERANNUATION EARLY RELEASE

The initial maximum withdrawal of $10,000 finishes at 30 June, 2020. To qualify you must either be unemployed, eligible for job seeker (or other benefits) or after 1 January, 2020 been made redundant or your working hours have reduced by at least 20%. A sole trader also qualify if your business turnover is down by […]

JOBKEEPER

Registration for the month of June 2020 commences 1 July, 2020 and must be completed online by 14 July, 2020 to qualify.

HOMEBUILDER

The HomeBuilder scheme targets the residential construction market by providing tax-free grants of $25,000 to eligible owner-occupiers, including first home buyers, to build a new home or substantially renovate their existing home. There are a few complexities to this grant that both home builders/renovators and the building industry need to be across before jumping in […]

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