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Individual income tax rates

Individual income tax rates

These rates apply to individuals who are Australian residents for tax purposes. Resident tax rates 2020-21 TAXABLE INCOMETAX ON THIS INCOME0 - $18,200Nil$18,201 - $45,00019 cents for each $1 over…
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Tax Planning in 2021

Tax Planning in 2021

As the end of financial year is fast approaching, there is still time left to minimise your tax obligations. To take advantage of this you should make an appointment to see your advisor before…
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Why are some businesses returning JobKeeper?

Why are some businesses returning JobKeeper?

Super Retail Group - owner of the Supercheap Auto, Rebel, BCF and Macpac brands - handed back $1.7 million in JobKeeper payments in January after releasing a trading update showing…
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COVID-19 Vaccinations and the Workplace

COVID-19 Vaccinations and the Workplace

The first COVID-19 vaccination in Australia rolled out on 21 February 2021 preceded by a wave of protests. With the rollout, comes a thorny question for employers about individual rights,…
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Meet Cody

Meet Cody

Cody Burcher is one of our newest staff members. At 17 years of age, he has recently completed his HSC and now started a cadetship with Thrive Advice. In his…
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Planning for seasonal dips in income

Planning for seasonal dips in income

Seasonal dips in income can be highly challenging when you’re a small business. But there are proactive ways to predict, plan for and overcome these dips in revenue. The key…
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The Final Stages of JobKeeper

The Final Stages of JobKeeper

The impact of COVID-19 has been felt very differently from region to region. Fortunes vary wildly between business operators subject to ongoing lockdowns and trading impediments to those benefiting from…
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