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Bridgland & Co Blog

Accounting, Tax & Financial Advice

Returning to Hong Kong

With the recent closure of the Cathay Pacific bases in Australia, resulting in nearly 120 pilot redundancies, some are considering returning to Hong Kong to continue their flying careers. A job may be better than no job, however working in HK needs to be considered very carefully from a tax perspective. If you leave your… Read More Returning to Hong Kong

August 31, 2021 Lindsay BridglandLeave a comment

Keep checking your turnover

Finally – in week 8 of the lockdown, clients are starting to receive their Covid Grants and Jobsaver payments. Why it has taken so long for Service NSW to process is anyone’s guess, but well done for hanging in there. So if you are already successfully claiming JobSaver or the MicroBusiness Grant then you can… Read More Keep checking your turnover

August 24, 2021 Lindsay BridglandLeave a comment

NSW Business Covid Payments Week 4

Today saw the details being released for the Covid JobSaver and the MicroBusiness Grant which both start from week 4 of the NSW lockdown. The Covid 19 Business Grant which opened last week covered weeks 1 to 3, and for employees (including business owners) there is the ongoing disaster payment. All of these are being… Read More NSW Business Covid Payments Week 4

July 26, 2021 Lindsay Bridgland1 Comment

Covid lockdown payments – NSW Business Owners

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

July 20, 2021July 21, 2021 Lindsay BridglandLeave a comment

Covid-19 Relief Summary

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

July 12, 2021 Lindsay BridglandLeave a comment

Greater Sydney Covid19 – Payments for loss of earnings

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

July 11, 2021 Lindsay BridglandLeave a comment

NSW Covid-19 lockdown grants

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

July 5, 2021 Lindsay BridglandLeave a comment

Payroll & Super Updates

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

July 2, 2021 Lindsay BridglandLeave a comment

Beware the Voluntary Redundancy Option

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

May 19, 2021 Lindsay BridglandLeave a comment

Protected: Pilot Redundancy Tips

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April 28, 2021May 5, 2021 Lindsay Bridgland

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