Newsletter; 2020/2021 Budget Update (your five minute guide) Please find below a summary of the some of the more relevant budget announcements that affect taxation. 2021/2022 individual tax rates Taxable income range Marginal tax rate $ 0 – $18,200 0% … Continue reading
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April 2021
Newsletter; Land tax beneficiary nominations From 1 July 2021, land held on trust will be subject to a higher rate of land tax and a lower land tax threshold unless a beneficiary is nominated. The land tax rates are as … Continue reading
December 2020
Newsletter; State Budgets & JobMaker SA State Budget Businesses eligible for the JobKeeper extension were also provided with additional grants: – $10,000 for eligible businesses that employ staff; or – $3,000 for eligible businesses that do not employ staff (but … Continue reading
October 2020 – Budget Update
Newsletter; 2020/2021 Budget Update (your five minute guide) Please find below a summary of the some of the more relevant budget announcements that affect taxation. 2021/2022 individual tax rates (also proposed to be backdated to 2020/2021) Taxable income range Marginal … Continue reading
July 2020
Newsletter: STP finalisation (no more payment summaries), STP deferral for closely held (related party) employees, Monthly JobKeeper lodgements STP finalisation (no more payment summaries) When you report and lodge a finalisation declaration under Single Touch Payroll, you are exempt from … Continue reading
March 2020 – Coronavirus
Newsletter; Coronavirus Cashflow assistance for employers Small and medium businesses with a turnover of less than fifty million dollars will receive a credit based on their PAYG withholding liability. Quarterly lodgers: Quarter Amount Timing Minimum Maximum March A credit equal … Continue reading
