The Australian Tax Office is implementing a new requirement on businesses with regard to employees' super funds. As of 1 November 2021, businesses will have an extra step to take for new employees who don’t choose a super fund, requiring that the individual's ‘stapled super fund’ details are requested from the ATO. A stapled super fund is an existing super account of an employee which follows them as they change jobs.
Read Post.png)
In this issue: Tax consequences of cryptocurrency, record keeping tips for your next tax return, new reporting regime for share economy, and what to avoid doing when making car-related tax deductions on your tax return.
Read Post
IN THIS ISSUE: Why too many super contributions could mean extra tax for you - Explaining the income and the assets tests - Why paying tax now is better than incurring expenses later on - Protecting your finances from the unexpected.
Read Post
NewAccess for Small Business Owners is a free and confidential mental health coaching program that uses Low-intensity Cognitive Based Therapy (LiCBT) to recognise the way we think, act and feel. You will have a coach to help you tackle unhelpful thoughts and behaviours, using an individual plan that you develop together.
Read Post
If your business has been impacted by COVID-19 there may be funding available for you. Read here for the most up-to-date list of recently announced Government grants available to Victorian businesses, and existing grants still open for applications.
Read Post
The High Court of Australia has denied the Insurance Council of Australia’s application to appeal a judgment in the first test case on COVID business interruption claim denials.
Read Post
