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YOUR MONEY MATTERS AUGUST 2021

Reminder of superannuation caps indexation for 2022 From 1 July 2021, the superannuation contributions caps have been indexed for the 2022 income year. The new concessional contributions cap for the 2022 financial year is now $27,500 (increased from $25,000). The new non-concessional (i.e., non-deductible) contributions cap for the 2022 financial year is now $110,000 or […]

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Your Money Matters June 2021

Cryptocurrency under the microscope this tax time The ATO is concerned that many taxpayers believe their cryptocurrency gains are tax-free, or only taxable when the holdings are cashed back into Australian dollars. ATO data analysis shows a dramatic increase in trading since the beginning of 2020, and has estimated that there are over 600,000 taxpayers […]

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Your Money Matters – March 2021

We are happy to announce one of our Accountant’s Emma Todd will be marrying in May this year! Emma’s Wedding was cancelled last year due to Covid restrictions To celebrate the wedding of Emma and Michael our office will be closed on Thursday the 13th May 2021 ATO Changes to Single Touch Payroll reporting from […]

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ATO Dates For 2021

Key Dates to Remember in 2021 As some dates may vary, please ensure you contact the Australian Taxation Office to check any dates in question. When the due date for lodgment or payment falls on a Saturday, Sunday, or Public holiday, it may be done on the next business day. 15 January 2021 Lodge Tax Return […]

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JobKeeper Payment Extension (JobKeeper 2.0)

Key Dates: 28 September 2020: The JobKeeper extension starts and the payment rates change for your eligible employees/business participants. 1st – 14th October 2020: Complete the October JobKeeper monthly business declaration so you can be reimbursed for September fortnights. 1st – 31st October 2020: Check and submit the business actual decline in turnover to the […]

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