2021 Federal Budget Extract

1.     Personal income tax changes 1.1        Retaining the Low and Middle Income Tax Offset (‘LMITO’) for the 2022 income year The Government has announced that it will retain the LMITO... View Article

Newsletter – March 2021

Changes to STP reporting concessions from 1 July 2021 Small employers (19 or fewer employees) are currently exempt from reporting ‘closely held’ payees through Single Touch Payroll (‘STP’). Also, a... View Article

February 2021 – Newsletter

Newsletter January/February 2021 New measures applying from 1 January 2021 The Government has provided an update of a number of new measures which came into effect from 1 January 2021,... View Article

December 2020 Newsletter

Improvements to be made to full expensing measure The government will expand eligibility for the temporary ‘full expensing measure’, which temporarily allows certain businesses to deduct the full cost of... View Article