Australia’s Director Identification Number (DIN) regime came into effect on 1 November 2021 and will require you to register for an identification number. A director ID is a 15 digit identifier that, once issued, will remain with you for life regardless of whether you...
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Director Identification Number for Company Directors
All company directors will soon require a Director Identification Number. A Director Identification Number is a unique identifier number that directors will apply for once and keep forever. This is being introduced to reduce the possibility of directors having...
New $1,500 Fees and Charges Rebate for NSW Small Businesses
The NSW Government has introduced a new initiative for small businesses to assist in recovery from the impacts of COVID-19 and encourage growth by providing a rebate on eligible NSW and local government fees and charges. Eligible businesses only need to apply for the...
Government Announces Further Changes to JobKeeper Payment Eligibility Tests
On the 7th of August 2020, the Government announced adjustments to JobKeeper extension tests for both business and employee eligibility – now referred to as JobKeeper 3.0. Both of these eligibility requirements are being relaxed to help increase the amount of...
The Future of JobKeeper
On 21 July 2020, the Government announced an extension of the JobKeeper program to 28 March 2021 but with tighter access and reduced rates. From 28 September 2020, employers seeking to claim JobKeeper payments will need to reassess their eligibility and prove an...
Payment Summaries and STP
The introduction of Single Touch Payroll (STP) has changed the year end processes for both employers and employees. Payment Summaries (or Group Certificates) are now a thing of the past, with income statements replacing these. Here’s what it means for both employers...
$1,500 JobKeeper subsidy to keep staff employed
A subsidy of $1,500 per fortnight per employee, administered by the ATO, will be paid to businesses that have experienced a downturn of more than 30% (50% for businesses over $1bn). To be a part of the subsidy, employers will need to ensure that their employees...
The Second $66.1 bn Stimulus Package: What You Need To Know
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...
Clarifying Car Expense Claims
CLARIFYING CAR EXPENSE CLAIMS If you are claiming a deduction for using your own car (including a car you lease or hire), it is treated as a car expense. If you use someone else's car for work purposes, you may be able to claim the direct costs (such as fuel) as a...
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