News

Super guarantee rate increase to 10% On 1 July 2021, the Superannuation Guarantee (SG) rate will rise from 9.5% to 10% – the first rise

From Government Minimum superannuation drawdown rates The Government has announced an extension of the temporary reduction in superannuation minimum drawdown rates for a further year

5 June Lodge tax return for all entities with a lodgment due date of 15 May 2021 if the tax return is not required earlier and both

Apprenticeship scheme uncapped Boosting Apprenticeship Commencements provides a 50% wage subsidy to employers and Group Training Organisations to take on new apprentices and trainees. The

Temporary full expensing extension Date of effect:    Assets acquired from 7:30pm AEDT on 6 October 2020 and first used or installed ready for use by

Low and middle income tax offset extended Date of effect:    From 1 July 2021 to 30 June 2022 As widely predicted, the Low and Middle

In Summary This budget can be described as a human budget, dedicating more money to aged care, the Covid-19 vaccine roll-out, mental health, women, childcare

Australia is facing a shortage of skilled labour. When the supply of staff dry up the focus often turns to retention. But the first step

To protect older Australians, the Government has moved to formalise ‘granny flat arrangements’ by providing an incentive to protect all parties in the arrangement. Typically,

From Government Targeted CGT exemption for granny flat arrangements Treasury has released exposure draft legislation to enable the 2020-21 Budget measure to provide targeted CGT

15 May Lodge 2020 tax returns for all entities that did not have to lodge earlier (including all remaining consolidated groups), and are not eligible for

21 April Lodge and pay quarter 3, 2020–21 PAYG instalment activity statement for head companies of consolidated groups. Lodge and pay March 2021 monthly business activity statement. 28