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STIMULUS PACKAGE SUMMARY 2020

Am I eligible for the cash flow boost? A business (including a charity or not-for-profit) will be eligible for the cash flow boost if it meets the following conditions. The business must make a payment that is subject to the withholding tax provisions (the most common example will be payments of salary or wages). The […]

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ATO Dates For 2020

Key Dates to Remember in 2020 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 2020 Lodge Tax Return […]

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PPSR seven year registrations: Time to renew?

The Personal Properties Securities Register (PPSR) will be seven years old on 30 January 2019; accordingly, security interests with seven year registration periods will, unless renewed, expire from 30 January 2019. The seven year security interest is the most common registration period and is the maximum period of registration for goods with a serial number […]

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Your Money Matters – June 2017

Budget Update The Government handed down the 2017/18 Federal Budget on Tuesday 9th May 2017. The Budget proposes (among several other changes) to increase the Medicare Levy by 0.5% to 2.5% from 1 July 2019 (and tax and withholding rates that are linked to the highest marginal income tax (e.g., FBT) will also increase from […]

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Your Money Matters – October 2016

Government ‘backflip’ on superannuation changes Following further consultation, the government has announced the following ‘improvements’ to the superannuation changes announced in the 2016/17 Budget: the $500,000 lifetime non-concessional cap will be replaced by a new measure to reduce the existing annual non-concessional contributions cap from $180,000 per year to $100,000 per year;  individuals with a […]

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