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  • Tax

    Victoria’s new Mental Health surcharge levy

    December 14, 2021

    Employers with a payroll that exceeds $10m and that pay Victorian wages will soon be paying an additional levy to fund Victoria’s mental health system.  The final report into mental health and wellbeing in Victoria states that we now have “a mental health system that fails to support, and in some instances even harms, those […]

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  • Tax

    Home Office Tax Deductions

    October 27, 2021

    Working from home and tax deductions are now more relevant than ever.  The pandemic and related restrictions on either leaving the house or gathering in enclosed spaces has forced many to work from home and encouraged many others to embrace options for enhanced workplace flexibility. There are long standing principles on the tax deductions that […]

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  • Business Advisory

    New Financial Year Resolutions

    July 29, 2021

    For most businesses in Australia a new financial year has just started.  Whilst still under the cloud of the Covid-19 pandemic, some businesses are thriving and others are struggling with both lockdowns and ongoing threat of further lockdown. Regardless of which circumstance applies, it will be worthwhile considering whether your business should be making any […]

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  • Tax

    Preparing for Tax Time 2021

    June 7, 2021

    Preparing for tax time 2021 In the 12 months since preparing for the end of 2020 financial year, so much has changed and yet for those of us in Melbourne, some things are sadly still the same as a year ago. One thing that certainly hasn’t remained the same is our income tax laws and […]

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  • Tax

    Budget Summary 2021-22

    May 12, 2021

    Overview It was only 217 days ago that Treasurer Josh Frydenberg handed down his second Federal Budget, five months after originally planned due to the COVID-19 pandemic. Rather than delivering the long promised surplus, the Government was now delivering an economic recovery plan, which continues into 2021 and 2022. In what looks like an ideological […]

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  • Tax

    Fringe Benefits Tax 2021

    March 17, 2021

    What’s new for FBT in 2021 It was just over 12 months ago on 16th March 2020 that the State of Victoria first declared a State of Emergency in response to the COVID-19 pandemic.  Much like everything else over the last 12 months, FBT has been impacted in unique ways by the COVID-19 pandemic.  This […]

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  • Tax

    Federal Budget 2020: Changes for individuals and superannuation

    October 7, 2020

    Federal Budget 2020 – personal tax rates The biggest change to personal tax rates was announced by the Treasurer ahead of time, with the Labor party stating that they are open to bringing forward the next stage of tax cuts. The cuts in question were due to begin 1 July 2022, but have now been […]

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  • Business Advisory

    Federal Budget 2020: What’s in it for businesses?

    October 7, 2020

    Government’s economic recovery plan Business investment, activity and confidence is clearly one of the key foundations of the Government’s economic recovery plan.  There are a variety of measures that affect small business, medium and large business and even one measure that transforms many medium businesses into “small” businesses for tax law purposes. Most of these […]

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  • Business Advisory

    JobKeeper 2.0 testing updates

    October 2, 2020

    JobKeeper 2.0 – Alternative tests The extension known as JobKeeper 2.0 formally commenced on 28 September and there has been a number of updates to the rules. Here we will look at details in relation to the decline in turnover test that is required to be satisfied for eligibility to JobKeeper 2.0. In relation to […]

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  • Business Advisory

    Latest JobKeeper 2.0 rules & comparison

    September 16, 2020

    Comparing JobKeeper and JobKeeper 2.0 On Monday 15 September the Government released the 8th amendment to the JobKeeper rules, which in this case was the formalisation of what has been called JobKeeper 2.0. There has recently been some confusion of the overlap between JobKeeper and JobKeeper 2.0, which we clarified here and in the image […]

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