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The Show Must Go On

The Getting the Show Back on the Road+ program (GTSBOTR+) was introduced mid-way through 2021 with the aim to reduce the financial risks associated with running ticketed events in Western Australia during a COVID-19 impacted period. Essentially, it’s a State Government initiative designed to encourage the (safe) continuation of publicly ticketed events through sharing the risk of gross ticket sales…

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Stapled Super

On the 1st of November 2021, the Australian Taxation Office implemented a new regime affecting superannuation funds, called Single Default Account or “Stapling”. What this means is that now everyone with a superannuation fund will have had one “stapled” to them, which will follow them around when they change employers, reducing the likelihood that additional and…

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Director ID Troubleshooting

A huge thank you to those of you who have already attempted to apply for your Director IDs and given us feedback on your experience. It’s helpful to know what’s working and what isn’t so we can hopefully help others avoid running into similar roadblocks.  When it comes to verifying your ATO-related details, here are…

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Director Identification Numbers

As of the 1st of November 2021, if you are a director of a company, including one serving as a corporate trustee of a trust or a self-managed superannuation fund (SMSF) – or if you are intending on becoming a company director – you must apply for a Director Identification Number (Director ID).  What are…

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Working From Home Deductions and Changes from 1 July 2021

A few reminders before the end of financial year: Small Business Superannuation Clearing House (SBSCH) users must ensure superannuation payments are received by the SBSCH on or before the 23rd of June 2021 if intending on claiming a tax deduction for payments made to employees in the 2020/21 financial year. We recommend making your payments early so as…

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Small Business Grants

The WA Government has announced grants of $2,000 to help small businesses impacted by the recent Perth and Peel lockdown. The grants are intended to offset some of the direct costs of the lockdown and business closure, such as loss of perishable goods or cancellations. Businesses in the hospitality, health, beauty, events and tourism industries…

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Scam Warning

In a November 2020 newsletter, we wrote extensively about some of the various scams doing the rounds and offered suggestions for ways in which everyone could protect themselves from financial harm. The subject has recently popped up on our radar again, unfortunately, as an associate recently came close to being defrauded. It was only as a result…

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Returning JobKeeper, FBT and Covid Vaccinations and the workplace

FBT 2021: Tax & Employee Benefits Fringe Benefits Tax (FBT) is one of Australia’s most disliked taxes because it’s cumbersome, expensive and generates a lot of paperwork. Unfortunately, the COVID-19 lockdowns we’ve endured have added another layer of complexity as many work patterns and behaviours have changed. As we’ve previously discussed, a fringe benefit is…

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How to sell your business, The final stage of JobKeeper and Simplifying small business insolvency

But first: We are open again! Following the easing of lockdown restrictions, our office opened again on Monday the 8th of February 2021. Given the State Government’s ongoing directives, we require every person in our office to wear a mask at all times and ask that visitors adhere to the following: 1. Please don’t come…

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