New COVID Support from Federal and NSW Government
On 13 July 2021, the Federal and NSW Governments announced extra support for NSW residents impacted by the latest Sydney lockdown. Here is a summary of the support now on offer:
Federal support - Covid-19 Disaster Payment
a payment of up to $600 per week (up from the previous $500) for individuals impacted by Covid lockdowns.
The full $600 payment is for workers who have lost more than 20 hours of work per week.
Counting Down to 30 June
It has been a year of change like no other and that extends to tax and superannuation. As the end of the financial year approaches, now is a good time to check some new and not so new ways to reduce tax and boost your savings.
So gather up any paperwork you need to prepare your personal tax return. This may include bank and superannuation statements, records related to share or property investments, receipts for charitable donations and work-related expenses. Wi...
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...