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The ATO has announced a major crackdown on the taxation of family trusts. In a long-awaited draft ruling, the ATO has focused on common tax planning strategies involving distributions to companies and family members. This crackdown means that family groups will need to reconsider how they are using their family trust. How will the crackdown...
A Bill implementing the Government’s key 2021-22 Federal Budget super changes recently passed parliament and received Royal Assent. Regulations have now been registered which remove the existing requirement for a work test (or a work test exemption) to be satisfied for a super fund to accept most types of voluntary contributions made for members aged...
We again take this opportunity to remind all clients about the requirement for all company directors to obtain the new Director ID number. All directors of a company, registered Australian body, registered foreign company or Aboriginal and Torres Strait Islander corporations are now required to obtain a director ID. A director ID is a unique...
The latest Covid wave has continued to cause disruption for many businesses and over the weekend, the NSW Government announced a new $1 billion support package for small to medium businesses to support business recovery in NSW. As these announcements are new, the devil will be in the detail, but below is a high level...
All directors of a company, registered Australian body, registered foreign company or Aboriginal and Torres Strait Islander corporation will need a director identification number (director ID). About director ID A director identification number (director ID) is a unique identifier you need to apply for once and will keep forever. It will help prevent the use...
The Federal Treasurer Josh Frydenberg has announced that the Commonwealth will move to wind back support for businesses once 70 percent of a state’s over-16 population is fully vaccinated and at 80 percent the support would cease. In NSW this would mean support would stop before the end of October. However, the NSW Treasurer Dominic...
If your business is receiving the NSW JobSaver Payment, recent updates made by Service NSW mean you will now need to pass the decline in turnover test each fortnight to continue to receive these payments. This additional requirement will apply to the fortnight ending 26 September 2021 and subsequent fortnights. Service NSW requires recipients of...
The Delta variant of Covid-19 is currently wreaking havoc on much of Australia, particularly New South Wales and Victoria. With many retailers and commercial premises closed (or trade significantly restricted due to lockdowns), many businesses and residential tenants are struggling to meet their usual rental commitments. There is also confusion amongst landlords as to what...
What do Sweden, Denmark, Russia, and the United States all have in common? A penchant for vodka. But that’s irrelevant to the topic at hand; we’re here to talk about real estate. The common thread linking these unlikely bedfellows is only one year old, born amidst a pandemic. According to Financial Times data, these four...
Drive or walk around your local suburb mid-morning on a Saturday and chances are you’ll pass a few freshly banged up ‘Auction’ signs. But is Saturday actually the best day to auction your home? New data suggests perhaps not. We all love a good auction story. You’ve probably got a mate or two whose favourite...
2026 Quantiphy – Eastern Suburbs, Sydney. All Right Reserved. Website By Omni Online
2026 Quantiphy – Eastern Suburbs, Sydney. All Right Reserved. Website By Omni Online
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