An exciting day today as the NSW Covid-19 grant applications are now open! Don’t panic that the Service NSW website, where you lodge your claim, keeps falling over as the closing date to apply is 13th September. Just be patient, drink wine and try again tomorrow. This is the second of four potential payments that… Read More Covid lockdown payments – NSW Business Owners

Confused by the plethora of reliefs, grants and rebates available? Check out this handy (18 page!) summary produced by KMPG which lists them all by state. If that is all to much, as a minimum, NSW businesses owners should be doing the following 3 things today claim back the cost of up to $1,500 of… Read More Covid-19 Relief Summary

If your earnings have been affected by the current lockdown you may be eligible for a Covid disaster payment of $325 if you have lost less than 20 hours work, and $500 if you have lost more than 20 hours work. This is in addition to the business Covid grants in the post below. For… Read More Greater Sydney Covid19 – Payments for loss of earnings

If you run a business (as a company or a sole trader), and your turnover has been affected by the latest NSW lockdown you may be able to apply for a government grant. Applications will open at the end of July and you will need to apply via your Service NSW app. The final details… Read More NSW Covid-19 lockdown grants

For Employees As you may be aware from 1 July 2021 the SGC for super has increased to 10%. In addition the concessional cap has increased to $27,500. Both of these will affect the amount you can salary sacrifice each pay and stay within the caps. Therefore if you are an employee you may need… Read More Payroll & Super Updates

If you are offered a voluntary redundancy, please ensure that it an “approved scheme” by the ATO before accepting it. The ATO will issue a class ruling when it is happy the offer complies. If it is a complying scheme then it is taxed in the same way as any other redundancy. So that is… Read More Beware the Voluntary Redundancy Option

To my much loved airline pilots who have unfortunately just lost your jobs, I am more than happy to help look at ways we may be able to reduce the tax effect of this free of charge. It is the least I can do in this time of crisis to help, and for obvious reasons… Read More Redundancy assistance

If you are a small business or sole trader in NSW, the latest Covid-19 assistance is a rebate of government licenses, fees and charges of up to $1500. It appears this includes business car registrations, paid after 1 March 2021, for cars held in the name of the trading entity. Businesses only need to apply… Read More Car Rego Rebate

Data matching is one way the ATO ensures compliance with the tax system and, with improvements to IT systems, they are getting really good at it. So its noteworthy that, with the express intention of checking taxpayers’ residency status, the ATO have gazetted this week that they will be accessing travel records from the Department… Read More Data matching update