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Deferred repayments. Is accrued interest on deferred loans tax deductible?
November 3, 2020Many lenders have recently allowed borrowers with investment property loans to defer repayments for a period of time. While repayments are being deferred, interest (and fees) will usually be added…
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Fraud risks in a COVID-19 environment
October 8, 2020If you haven't had a lot of time to worry about fraud and your internal controls recently, you're probably not alone. Many organisations facing a survival situation during COVID-19 may…
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2020/2021 Federal Budget
October 8, 2020The Federal Budget was always going to be very different this year compared to previous years. The COVID-19 health crisis continues to have significant impact through risks to health/life, border…
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Is time running out for zombies?
September 23, 2020Zombie companies are becoming increasingly common in today's economic environment of unprecedented economic stimulus, historically low interest rates and deferred financial obligations. Zombie companies are considered enterprises that are barely…
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How to apply for JobKeeper & Key Dates
April 21, 2020Key JobKeeper dates to know The ATO has released a list of "need to knows" and guides on applying for JobKeeper payments, see here 20 April: enrolments for JobKeeper are…
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New super guarantee amnesty
April 2, 2020On 6 March 2020, the government introduced a superannuation guarantee ('SG') amnesty. This amnesty allows employers to disclose and pay previously unpaid super guarantee charge ('SGC'), including nominal interest, that…
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COVID 19 – Federal Government Support
March 30, 2020COVID-19 is having a severe short-term economic impact on businesses in multiple sectors. Even if your organisation is not currently feeling the impact, be aware that your suppliers and/or customers…
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‘Cash in hand’ payments to workers no longer tax deductible
July 26, 2019The ATO has reminded employers that any ‘cash in hand’ payments made to workers from 1 July 2019 will not be tax deductible. ‘Cash in hand’ refers to cash payments…
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Upcoming superannuation changes could mean you lose your insurance
June 8, 2019Disclaimer: This post does not constitute financial advice and is only general in nature. We always recommend speaking to a financial adviser before making decisions about the adequacy of your…
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Wanting your tax return completed early? Consider this first…
June 8, 2019Taxpayers in a rush to file their tax return early with the ATO this year face an extra level of complexity due to the results of the federal election. The…
Recent posts
- 2018/19 Year-end Individual Tax Return Checklist
- 2020/2021 Federal Budget
- ALP Key Tax Policies
- ATO warning regarding annual leave loading and OTE
- COVID 19 – Federal Government Support
- Deferred repayments. Is accrued interest on deferred loans tax deductible?
- Fast-tracking tax cuts for small and medium businesses
- Fraud risks in a COVID-19 environment
- How financial advisors can build trust
- How to apply for JobKeeper & Key Dates
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