Individuals & families type away Temporary reduction in fuel excise As widely predicted, the Government will temporarily reduce the excise and excise-equivalent customs duty rate that applies to petrol and diesel by 50% for 6 months from Budget night. That is, the current 44.2 cents per litre excise rate will reduce to 22.1 cents per …
21 March Lodge and pay February 2022 monthly business activity statement. 31 March Lodge tax return for companies and super funds with total income of more than $2 million in the latest year lodged (excluding large/medium taxpayers), unless the return was due earlier. Payment for companies and super funds in this category is also due by …
In this round up, we cover the key issues and announcements for February 2022 and what a month! The ATO has launched an attack on trust and trust distributions via the section 100A integrity rules. Plus, a related draft determination updates the guidance on Division 7A and UPEs. And, two important decisions have been handed …
Late last month, the Australian Taxation Office (ATO) released a package of new guidance material that directly targets how trusts distribute income. Many family groups will pay higher taxes (now and potentially retrospectively) as a result of the ATO’s more aggressive approach. Family trust beneficiaries at risk The tax legislation contains an integrity rule, section …
The ATO’s Attack on Trusts and Trust Distributions Read More »
Two landmark cases before the High Court highlight the problem of identifying whether a worker is an independent contractor or employee for tax and superannuation purposes. Many business owners assume that if they hire independent contractors they will not be responsible for PAYG withholding, superannuation guarantee, payroll tax and workers compensation obligations. However, each set …
In this Essential Tax Summary, we cover the key issues and announcements for December 2021 and January 2022. The final guidance on the Profits of Professional Services Firms has been released confirming the start date of the new approach on 1 July 2022. Also of interest is the ATO’s decision impact statement on the Addy case …
The 2022 Luna New Year, Year of the Tiger, is courage and bravery. It is a year to drive out evil and one of momentum and change. The message; walk boldly with courage. And it seems the Reserve Bank Governor is aligned with this sentiment. The Tiger economy At a recent speech to the National …
21 February Lodge and pay December 2021 monthly business activity statement for business clients with up to $10 million turnover who report GST monthly and lodge electronically. Lodge and pay January 2022 monthly business activity statement. 28 February Lodge tax return for non-taxable large/medium entities as per the latest year lodged (except individuals). Payment (if required) …
Businesses struggling with the Omicron wave of the pandemic have been offered new grants and support in NSW, SA and WA. New South Wales The NSW Small Business Support package provides eligible employing businesses with a lump sum payment of 20% of weekly payroll, up to a maximum of $5,000 per week for the month …
Small business CGT concessions, and their use by large private and wealthy groups, are under scrutiny. Letters have been sent to practitioners asking them to check the claims to ensure that they satisfy the conditions to access the concessions. And, a new Practice Statement looks at remission or reduction of the Part 7 penalty that …
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Administration Officer
With her kind, caring and approachable nature, Reshika never fails to provide a positive, welcoming experience for our clients, assisting them as they walk in our door or call our office. She understands the power of customer service and is always willing to lend a hand.
With her fun and relaxed personality, Reshika is incredibly creative, especially when it comes to finding solutions for evolving challenges, from financial matters to marketing requirements and beyond. Holding a Masters of Business Administration with a major in Marketing and significant experience in the banking industry, Reshika has a unique combination of skills which makes her a real asset to Fortis.
Reshika is motivated to reach new heights, take risks and develop her career by working alongside Bernadette, our Client Administration Manager, and having the opportunity to learn new things such as new platforms and procedures.
Reshika is passionate about fitness and does not miss an opportunity to take advantage of the gym. Despite Reshika’s relaxed personality it all goes out the door when card or board games are involved!
