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Professional Standards Legislation.
19 May
ATO now chasing old tax debts
The ATO has taken virtually no recovery action to collect tax debts since the start of the Covid-19 pandemic. However, they are now beginning to engage with businesses to collect tax debts and will take future recovery action as necessary. This will be a soft engagement at first. ATO Commissioner Jeremy Hirschhorn has recently said that while the ATO […]
Read more 06 Feb
Superannuation – $450 weekly wage threshold removed
The federal government recently passed a legislation in respect of the $450 a month wages threshold before an employer is required to pay superannuation. Formerly, employers were only required to pay superannuation for employee wages if the employee earns more than $450 a month. The Treasury Laws Amendment (Enhancing Superannuation Outcomes For Australians and Helping […]
Read more 09 Dec
Interest Rate Hikes Causes Highest Mortgage Stress in Decades
The Australian inflation rate has been soaring as a result of the pandemic, supply chain disruptions and the war in Ukraine. Economists are predicting continued increase in inflation rates and the Reserve Bank of Australia has been quick to act. The RBA has so far increased the cash rate (at September 2022) to 4.35% meaning […]
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Fax: 07 3221 8885
Phone: 07 3221 0055