ATO Alert - Covid Affecting Car Fringe Benefits for Emplolyers

Posted on 21 October 2020
ATO Alert - Covid Affecting Car Fringe Benefits for Emplolyers
ATO Alert - COVID Affecting Car Fringe Benefits The ATO is warning employers to take care to avoid unnecessary FBT for car fringe benefits provided to employees. As a result of the COVID lockdown earlier this year, many employees have been working from home at a far greater rate.  If these employees have had the use of a car provided by their employer, the employer will need to check how they are calculating their fringe benefits, to avoid unnecessary FBT. With working from home beco...
Posted in: Fringe Benefits Tax Employers Business Car Work from home Coronavirus COVID-19 Rhodes Docherty  

JobKeeper - Easing Eligibility

Posted on 8 October 2020
JobKeeper - Easing Eligibility
JobKeeper - Easing Eligibility  More businesses and not-for-profits will be eligible for JobKeeper payment extension under a $15.6 billion change to the scheme announced on August 7. The Government initially outlined the JobKeeper extension guidelines on July 21, but says it needs to extend its criteria after the Victoria Government implemented stricter lockdowns across the state this week. Changes from 28 September The new rules mean that from 28 September, businesses need to ...
Posted in: JobKeeper cash flow Coronavirus COVID-19 Rhodes Docherty Taxation  

2020 Federal Budget - Building a Bridge to Recovery

Posted on 7 October 2020
2020 Federal Budget - Building a Bridge to Recovery
Building a bridge to recovery In what has been billed as one of the most important budgets since the Great Depression, and the first since the onset of the COVID-19 pandemic dragged Australia into its first recession in almost 30 years, Treasurer Josh Frydenberg said the next phase of the journey is to secure Australia's future. As expected, the focus is on job creation, tax cuts and targeted spending to get the economy over the COVID-19 hump. The Treasurer said this Budget, which...
Posted in: interest rates ATO JobKeeper Superannuation Employment Debt JobMaker JobSeeker Tax deduction Pension Coronavirus COVID-19 Retail Property Share markets Global outlook Rhodes Docherty Taxation  

Your Post-COVID Business Repair Kit

Posted on 15 September 2020
Your Post-COVID Business Repair Kit
With June 30 behind us and the economy slowly re-opening, most business owners are thinking about the challenge of repairing and rebuilding their finances after the COVID-19 lockdown. Over the next few months, key tests will come with the withdrawal of government stimulus measures like JobKeeper and the return of your normal wages, rent and financing expenses. An end to landlord rent deferrals and business loan repayment holidays, for those who had them, will make cashflow and debtor ma...
Posted in: ATO JobKeeper Employment Debt JobSeeker Coronavirus COVID-19 CGT Rhodes Docherty Taxation  

Super changes add flexibility

Posted on 12 August 2020
Super changes add flexibility
Just when you thought you had a grip on the superannuation rules, they change again. This time though, the changes are mostly positive, especially for older super members keen to top up their savings. From 1 July 2020, changes came into effect with the potential to help retirees as well as members suffering financial hardship due to the economic impacts of COVID-19. If you are not working you may be able to contribute to super for longer, while couples can take advantage of spouse contr...
Posted in: investments ATO Superannuation Pension SMSF Coronavirus COVID-19 Rhodes Docherty Taxation  
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Getting Retirement Plans Back on Track

Nov 19 2020
Getting Retirement Plans Back on Track After a year when even the best laid plans h...

ATO Alert - Covid Affecting Car Fringe Benefits for Emplolyers

Oct 21 2020
ATO Alert - COVID Affecting Car Fringe Benefits The ATO is warning employers to take ...

JobKeeper - Easing Eligibility

Oct 08 2020
JobKeeper - Easing Eligibility  More businesses and not-for-profits will be el...
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