by Rajeev Dixit | Apr 21, 2020 | Taxation & Accounting
The JobKeeper payment is a subsidy of $1,500 per fortnight per eligible employee paid in arrears to the employer by the ATO. It’s for businesses that have suffered a detrimental decline in business because of COVID 19 to help keep their staff employed. To receive the...
by Rajeev Dixit | Mar 23, 2020 | Uncategorized
The Government yesterday released a second, far reaching $66.1 bn stimulus package that boosts income support payments, introduces targeted changes to the superannuation rules, provides cash flow support of up to $100,000 for small business employers, and relaxes...
by Rajeev Dixit | Nov 5, 2019 | Business Advice & Superannuation
The Australian Tax Office (ATO) has recently issued letters to 17,700 SMSF trustees reminding them of their Trustee obligations and with a particular focus on the need for a SMSF trustee to have in place an investment strategy that they have prepared for their fund....
by Rajeev Dixit | Oct 5, 2018 | Taxation & Accounting
Last financial year, 6.7 million taxpayers claimed a record $7.9 billion in deductions for ‘other work-related expenses’ which includes expenses for working from home. While the ATO appreciates that technology has led to more people working from home and greater...
by Rajeev Dixit | Jun 1, 2017 | Business Advice & Superannuation
Self-managed super funds (SMSFs) are a popular way of planning for retirement, with over 1.1 million people currently choosing what many describe as a ‘do-it-yourself’ superannuation. But why are SMSFs so popular among Australians? Let’s take...
