We do not believe in a one-size-fits-all approach. We collaborate closely with clients to develop tailored, flexible solutions designed to suit specific needs and maximise results.
We collaborate closely with clients to develop tailored, flexible solutions designed to suit specific needs and maximise results.
Get in touch with us and book a free consultation.
Employers: The impacts of COVID-19 may mean you need extra time to complete your Single Touch Payroll finalisation, so we’re giving you until 31 July if you need it. If your employees’ data is ready now, it’s best to finalise by 14 July. Remember to let your employees know when you have finalised their data so they can lodge their income tax returns.
Did you receive a government stimulus payment this last financial year? If you received JobKeeper, Jobseeker or the new COVID-19 Disaster Payment, it needs to be included in your tax return. While some of your payments will be automatically included by late July, remember to make sure you double check all your income is included and correct before you lodge.
The low and middle income tax offset has been extended for the 2020-21 financial year and you may be eligible. Any offset amount you’re entitled to depends on your individual circumstances, such as taxable income and how much tax you have paid throughout the year. Remember, you don’t need to complete anything extra at tax time. The offset is applied automatically when you lodge your tax return and will be visible on your notice of assessment.