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EOFY Payroll Checklist – Xero

EOFY Payroll Checklist – Xero

Do you understand how to finalise your payroll for the end of the financial year (EOFY)? Whether you need to finalise Single Touch Payroll (STP) data or produce payment summaries,…
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Budget 2021-22: The Balancing Act Budget

Budget 2021-22: The Balancing Act Budget

The 2021-22 Federal Budget is a balancing act between a better than anticipated deficit ($106 bn), an impending election, and the need to invest in the long term. Key initiatives…
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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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2021 Risks and Opportunities

2021 Risks and Opportunities

With the borders between the State and Territories all but open and 2021 in sight, there is a hunger for a return to ‘normal’. The recent Westpac-Melbourne Institute Index of…
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Planning your 2020 work Christmas party

Planning your 2020 work Christmas party

Each year articles are written about work Christmas parties. Usually it is information based on Fair Work Legislation and FBT. This year, being the year of the pandemic, you need to consider COVID restrictions pertaining…
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