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Accounting
The ATO’s Shift to Electronic Correspondence – What You Need to Know
May 5th, 2021The Australian Taxation Office (ATO) is working to move the majority of their communications with business owners from paper-based and traditional mail to electronic correspondence. While the changes are welcome from an environmental and efficiency point of view, it does require some preparation and an increased level of attention on things such as MyGov andread more
6 Key Metrics to Understand Your Business’ Financial Position
January 28th, 2021As is the case in every aspect of business, the financial side of any enterprise contains a lot of moving parts and requires not only a great deal of understanding, but a significant portion of your attention as well. While the day-to-day workload can get in the way of analysing your business’ financial position, thereread more
Taking a Closer Look at the JobMaker Scheme
November 20th, 2020The JobMaker scheme was announced in the 2020/21 Federal Budget and follows on from a raft of changes and schemes brought in by the federal Government to reduce the impact COVID-19 has had on the Australian economy – particularly on employment. While we covered it briefly in our Federal Budget Update, now that some timeread more
McKinley Plowman Federal Budget Update 2020/21
October 7th, 2020Welcome to the 2020/21 McKinley Plowman Federal Budget Update! In a year filled with uncertainty, turmoil, crisis, and economic downturn, the Morrison Government’s Budget was always poised to be one filled with recovery measures to get the Australian economy back on track – looking at both the short- and long-term. While the majority of theread more
Superannuation Guarantee Amnesty – Deadline Coming Soon!
August 25th, 2020Given everything that’s happened in 2020, you’ll be forgiven for forgetting a couple of things here and there. One thing you won’t want to miss, especially if you have outstanding Superannuation Guarantee (SG) obligations, is the ATO’s Amnesty, which ends on the 7th September 2020. Superannuation Guarantee Amnesty: The Details The SG Amnesty has featuredread more
JobKeeper 2.0 – The Next Chapter
July 23rd, 2020**Updated following announcement on 6 August 2020** The original JobKeeper payment was announced by the Federal Government in late March 2020 in response to COVID-19 and comprised a $1500 per fortnight wage subsidy for businesses so they could continue to pay eligible workers. For the most part, this payment helped keep people employed and theirread more
The Return of the Superannuation Guarantee (SG) Amnesty
March 26th, 2020As we’ve outlined in a previous article, the government’s Superannuation Guarantee (SG) Amnesty was initially introduced in 2018. The SG amnesty has now been resurrected, and employers are once again being afforded the opportunity to rectify SG issues. So - what should you do if you think you have outstanding contributions owing? The SG Amnestyread more
AUSKey Soon to be Cancelled – Are You Ready?
February 17th, 2020In case you’ve missed it – the Australian Taxation Office (ATO) will be retiring the AUSKey service on 27 March 2020, with a view to replacing it with myGovID and Relationship Authorisation Manager (RAM). This means if you’re currently using AUSKey to access the Business Portal, and you’re yet to sign up for MyGovID, youread more
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