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Recruiting new employees? The 1 November super rule changes

Hired a new employee and they haven't nominated a superfund yet? You need to know these new rules starting from 1 November 2021.

Business Cost Assistance Program Round Four – Construction

The Victorian government’s grant program has been expanded to the construction industry. The program will remain open until 11:59pm on 9 November 2021 or when funds are exhausted, whichever is sooner.

COVID-19 Home Office hourly claim extended

The ATO has recently announced a further extension to the temporary shortcut method for claiming home office running costs, extending the method to the 30th June 2022.

Electronic Signing of Documents

We have recently decided to move to a streamlined easy-to-use electronic signing platform, as one of our highest priorities is getting documentation out to our clients as quickly and securely as possible.

Director identification numbers available soon

The Federal government has now confirmed the due dates for application by all directors for a Director Identification Number (DIN), with applications open from November 2021.

Government Grants for Construction Businesses

The Victorian government has released limited details of the Business Cost Assistance Program Round 4 – Construction, providing financial assistance to businesses in the construction industry impacted by the recent shutdowns.

Support for Commercial Landlords

The recently introduced Commercial Tenancy Relief Scheme will require certain landlords to provide rent concessions to small to medium commercial tenants with an annual turnover under $50 million which have been significantly impacted by COVID-19.

Victorian Covid Relief Payments Declared Tax Free

The Federal Government has passed legislation to enable the Treasurer to decide which state and territory business support programs would be eligible for tax-free status, known as non-assessable non-exempt (NANE) income.

Small Business COVID Hardship Fund – Now Enhanced

The Victorian Government has announced an increase in funding for the Small Business COVID Hardship Fund, increasing the amount of the grant from $10,000 to $14,000.

Are COVID-19 grants and funding tax free?

Most people would think that money provided by the Government to support people and business during a crisis would be tax free. Otherwise, it’s like giving money with one hand and then taking it away with the other, isn’t it?

New laws target sharing economy platforms

In an attempt to reign in undeclared income, proposed new laws will require platform providers in the sharing economy to report all transactions through their platforms.