Recent News
LMITO extended for another year
When the Federal Budget was announced in May this year, there was some news which made low and middle income earners smile – the decision to extend the tax offset for the 2021/22 financial year. The Low and Middle Income Tax Offset (LMITO) helps low and middle income...
Greater transparency required for Australia’s sharing economy
In 2022, the Government is set to launch a new reporting scheme, targeted at stopping sharing-economy participants from skipping their tax obligations. What is the sharing economy? As described by the ATO, the sharing economy is economic activity through a digital...
Consider these investment options for your SMSF
Consider these investment options for your SMSF There’s a lot of differences in SMSF’s, particularly when it comes to investment goals; we all have different goals and plan to use our super in different ways. So here’s three important considerations when deciding on...
What do I need to do when I hit the $75,000 income threshold in business?
We’ve all heard of GST, but as a new business owner it can be difficult to understand your different tax obligations. For instance, what happens when you reach the $75,000 income threshold? First of all, let’s take a look at how GST works. What is GST? GST is a 10%...
A relationship does not always equal a property claim – Family Law Testimonial
Client Testimonial "I've had a great experience working with Rob at Greenhalgh Pickard, I'm very grateful for his advice and knowledge and in the end I've obtained a very positive outcome. Thanks for all the hard work Rob!" Our Mr Hollis...
Declaring your cryptocurrency with the ATO – We can help!
Cryptocurrency and Taxes - We can help! Did you know Greenhalgh Pickard can now help with your Cryptocurrency Tax obligations? Crypto trades and transactions require meticulous record keeping and we at Greenhalgh Pickard have developed a spreadsheet...
Domestic Violence Orders – How to prevent a breach and criminal charges being laid
Domestic Violence has in recent times been in headlines of the media for its major reforms to help protect its victims. However we have found here at Greenhalgh Pickard that there isn’t a lot of information out there for alleged perpetrators as to...
Is your business ready to adopt the 2.5% minimum wage increase?
EMPLOYMENT LAW NEWS ATTENTION EMPLOYERS: The Fair Work Commission (FWC) has just announced in their Annual Wage Review, that from July 1 2021, the national minimum wage is set to rise by 2.5%. This change to the Fair Work Act 2009 will apply to all awards,...
Top 5 mistakes business owners make… and how to avoid them
As a small business owner, you no doubt have a lot on your plate. Depending on the size of your business, you probably wear a lot of different hats too, from CEO and CFO through to marketing manager and book-keeper. So what are some of the common mistakes small...
Cryptocurrency and Tax Time
The ATO has become aware that some taxpayers think that the anonymity of cryptocurrencies provides a licence to ignore their tax obligations, and are therefore not reporting their cryptocurrency capital gains or losses. However the ATO is able to closely track where...
Don’t make these mistakes with your Will and Estate Planning
The thought of not being able to provide for your family when you’re no longer here can be difficult for most people to contemplate. If your Will is not made properly, it could have some serious implications for the way your estate is dealt with. If...
News for Small to Medium Businesses
Important changes to Casual Employment Recent changes to the Fair Work Act now require small business employers (fewer than 15 employees) to provide existing casual employees (employed before 27 March 2021) a copy of the Casual Employment Information Statement (CEIS)...
Disclaimer: The information contained in this newsletter is provided for informational purposes only and should not be construed as legal advice on any subject matter. Readers should not act or refrain from acting on the basis of any content included in this newsletter without seeking appropriate legal or other professional advice. The content of this newsletter contains general information and may not reflect current legal developments, verdicts, or settlements. We expressly disclaim all liability in respect to actions taken or not taken based on any or all the contents of this newsletter.