Technical Articles

Last director standing? There are new requirements should you wish to resign

From 18 February 2021, companies can no longer remove the last remaining director on the Australian Securities and Investment Commission (ASIC) records without replacing that… Click here to read more →
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ATO targets profits of professional service firms

The Australian Taxation Office (ATO) has been concerned for some time about how many professional services firms are structured – specifically, professional practices such as… Click here to read more →
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The 1 July 2021 superannuation changes

Changes from 1 July 2021 will impact on how much money you can contribute to superannuation and how much you can have in your retirement… Click here to read more →
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Super Guarantee – Missed, underpaid or paid super late?

The ATO have put out a statement regarding the Super Guarantee and the impact of COVID-19 on businesses and the ability to pay the Super… Click here to read more →
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FBT 2021: Tax & Employee Benefits

Fringe benefits tax (FBT) is one of Australia’s most disliked taxes because it’s cumbersome and generates a lot of paperwork. The COVID-19 lockdowns have added… Click here to read more →
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Why are some businesses returning JobKeeper to the ATO?

Super Retail Group – owner of the Supercheap Auto, Rebel, BCF and Macpac brands – handed back $1.7 million in JobKeeper payments in January after… Click here to read more →
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Winding-up: Simplifying small business insolvency

On 1 January 2021, new laws came into effect that introduces a new, simplified debt restructuring and liquidation framework for small business. Drawing on key… Click here to read more →
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Refunds for Tax Losses

If your company has made a loss, you may be able to claim a tax refund for tax previously paid on profits. In the 2020-21… Click here to read more →
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JobMaker Hiring Credits: What We Know So Far

We’ve had quite a few questions about the JobMaker hiring credit announced in the 2020-21 Federal Budget. The legislation enabling the JobMaker scheme has not… Click here to read more →
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