Budget 2022-23
Published 4 April 2022
"Don't Rock the Boat" - as the Federal Government seeks to please voters ahead of a coming election. This Budget is a safe, ballot box friendly Budget as expected with a focus on jobs, cost of living, home ownership, and health.
With the budget fast approaching the government has extended some of the Immediate Deductions whilst attacking Trusts and Trust Distributions. Will you be affected? Finally we look at whether your contractors should really be treated as employees.
Will the year of the Tiger be Roaring or Bellowing? Guidance for Professional Service firm profits has been finalised by the ATO - what does it mean for you? COVID support measures including deductibility of PCRRAT testing.
Christmas tax questions inlcuding gifts and Christmas parties, the Backpacker Tax and the year ahead
In this months newsletter we cover the new Director ID regime, cryptocurrency concepts, extensions to COVID-19 audit relief and news on the treatment of overseas gifts loans.
Unwinding COVID-19 Relief, What Happens to Superannuation when you die, and Recruiting - What are the 1 November Superannuation Rule Changes
If your business currently receives payments under the NSW JobSaver or Micro-business Grant schemes, you will now need to reconfirm your eligibility each fortnight to continue receiving payments.
What does freedom mean for the fully vaccinated. Did your super fund receive a compensation payment? Divorce, Superannuation and the Gender Divide. Business down and feeling down - Mental Health Support for Business Owners is available.
If your business has been adversely impacted by the recent lockdown in NSW, support is available.
If your business has been adversely impacted by the recent lockdown in ACT, support is available.