Recent News
How do I find my lost super?
Finding lost super is easier than you think Your super is your hard-earned money. Sure, you might not be able to access it for many years, but it’s important to always keep track of your super. When retirement hits, you’ll be grateful for every cent. A few important...
JobMaker Plan – An overview
Last week, as part of the Federal Budget, the Australian Government announced its $74 billion JobMaker Plan, designed to support a stronger economic recovery and bring more Australians back to work. In essence, the JobMaker Plan is made up of 6 key elements: Lowering...
Extensions to JobKeeper
What to know about the latest extensions to Job Keeper The Australian Government JobKeeper Payment has been extended. If you haven’t yet assessed your turnover position, you still have time. Here’s what you need to know: The required fall in GST turnover...
So what exactly is litigation?
Litigation… it’s a word we’ve all heard many times before. But what does it really mean? And where does it fit amongst all the legal terms? We sat down with Greenhalgh Pickard’s Litigation lawyer, to chat all things litigation. What is...
Buying property through your Self Managed Super Fund
There is still a lot of uncertainty around the future of our property market. Most forecasters are predicting a drop in property prices, but by just how much is still unknown. Whilst property only makes up around 13% of the total estimated...
Jobkeeper
The last few months have been an intense period of survival for many business owners, and it’s not over yet. This next phase will be one of inevitable scrutiny, particularly around JobKeeper entitlements. Here’s what you need to know. Errors in...
Early access to Super
As at the end of June 2020, Australian’s had accessed $25billion in early access Super, a Government scheme put in place to help people financially affected by the ongoing Coronavirus Pandemic. When the scheme first opened back on April 20,...
The Australian Government HomeBuilder Grant – what you may or may not know
If you’ve been thinking of building a new home, you’ve probably heard about the HomeBuilder Grant, currently offered by the Morrison Government; a $25,000 grant to put towards a new build or a renovation. If you’ve never owned a home before, you’re also eligible for...
Returning to work
Developing your ‘Return to Work’ plan needs to include more than just hand sanitizerFollowing the Government’s 3 Step Framework released on 8 May 2020, many employers who have had their business closed or restricted during the COVID-19 period are working out a...
The $150,000 Asset Write-Off: What you need to know before buying that new BMW
The ATO recently announced an extension to the $150,000 Instant Asset Write-Off, up until 31 December 2020. The write-off allows businesses to write off any asset up to the value of $150,000 as an immediate deduction instead of depreciating it. As a rule, if an asset...
When is Entertainment Tax Deductible?
As an employer, you might find yourself taking your team out for lunch from time to time, participating in team leisure activities, or purchasing a gift for an employee. Did you know that some entertainment is tax deductible? In this article, we look at what we mean...
New Home Office Guidelines released by the ATO
With more and more people working from home, the ATO has announced a temporary short cut method to make it easier for individual taxpayers to claim deductions for additional ‘at-home’ running expenses (please refer to the ATO’s Media Release of 7 April 2020). During...
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