Category Archives: Blog Posts

Implementation of Director Identification Numbers

What is changing: In April 2021, the Federal Government announced the introduction of Director Identification Numbers as part of a package of reforms to address illegal activity within corporations. Director Identification Numbers will be managed by the Australian Taxation Office pursuant to the Corporations Act 2001 and the Corporations Act (Aboriginal and Torres Strait Islander)…

TAXATION SOURCE DOCUMENTATION

Please be aware that while we are able to access some of your information directly from the ATO tax agents portal, it is dependent on the third party provider having your TFN and submitting this information to the ATO. If you plan on having your tax completed in July or August please ensure that you…

May 2021 Lockdown Grants The Victorian Government has two grants available for employing and non-employing businesses in sectors most impacted by the latest circuit breaker restrictions. All businesses must be registered for GST and employers need to have Workcover. Applications are open now and close on 24th June 2021. Business Costs Assistance Package- grants for…

Well, what a year we have all had! The COVID-19 pandemic caused devastating health effects and triggered massive financial consequences on the economy. The 2020/21 financial year was very different to previous years. As a consequence your financial position could look very different. It has never been more important to put some tax planning strategies…