1300 13 88 61

Business Accounting Solutions | Brisbane • Gold Coast • Sunshine Coast

1 July company tax rate deduction

Despite the current economic environment, the company tax rate will reduce to 26% for small and medium businesses from 1 July 2020. The 1 July change is part of a larger progressive plan to reduce the company tax rate to 25% from 1 July 2021 and applies to base rate...

Have casual workers been granted annual leave?

News headlines recently stated that casual workers have won the right to paid leave following a decision in the Federal Court. As usual, the devil is in the detail. At present, there is no global change granting Australian casual workers paid leave. The case however,...

The ATO’s JobKeeper audit targets

The JobKeeper subsidy has progressed beyond the rush for eligibility and entered its second phase: compliance. Late last month, the Australian Taxation Office (ATO) released guidance highlighting where the regulator will focus its compliance resources. The JobKeeper...

$1,500 JobKeeper subsidy to keep staff employed

Date: From 30 March 2020 for six months For employees employed at and from 1 March 2020 First payments in first week of May 2020 Applies to: Based on comparable periods: Employers <$1 bn that have experienced a downturn of more than 30% Employers >$1bn that have...