500,000 Reasons Why Super Withdrawal is Not a Good Idea
I dream about cars not taxes. Aston Martin mostly. There is something so quintessentially English about them. Although I am an accountant, I don’t dream about tax rates, depreciation or Clause 42 (a) subsection iii) of the Finance Act. Actually, I’m not sure if there is such a clause. Anyway, a few clever tax geeks […]
The Qld Covid19 Small Business Grant Is Back On – But Be Quick!
When the last Qld grant was offered it maxed out in about a week. Many wanted to apply but lost out. There were also grumblings that the system was unfair. So, we are not sure what will happen this time round, but our advice is to get in as fast as you can The Qld […]
ATO on property investments
The ATO has reminded taxpayers in a property business or thinking about investing in property that there are things they should know, such as: they need a clearance certificate from the supplier when buying property over $750,000; they may have to pay the GST on the sale of brand new residential property separately to the […]
New laws can make directors personally liable for GST
The government recently passed new legislation designed to strengthen laws to “crack down on whose try to avoid their obligations to their customers, employees and creditors.” In particular, the changes allow the ATO to collect estimates of anticipated GST liabilities, and make company directors personally liable for their company’s GST liabilities in certain circumstances. This […]
It’s all about the Covid 19!
I know. It really annoying getting another email about Covid 19. You are sick and tired of people telling you to keep safe and well. But we are grateful that as a community of medical professionals you are doing what you are to keep our country safe and well. From a financial standpoint, many of […]
Jobkeepers – Yippee …. We Got Some More Info!
I have previously said that because Jobkeeper Payments was organised on the back of an envelope there was the slightly tricky question of how it was going to operate. They did not work out that bit. So, when medical businesses and Tax Agents like us started to ask questions there was nothing more except ‘wait […]
Videos on what the ATO deferral means
The 3rd Stimulus Package – What Does It Really Mean And Will It Benefit You?
So another Stimulus. But before I explain it I am going to have a massive rant. When Scott Morrison said there would be more coming he was not kidding. But even I did not expect 3 packages in 2 weeks. It’s certainly keeping me busy – I have done nothing else except work on the […]
Is My Bank Really Going to Help Me?
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The Second Stimulus Package – Crap It Must Be Bad!
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