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2022 Federal Budget Whitepaper

Treasurer Josh Frydenberg has handed down his latest (and potentially last) budget continuing the Coalition’s theme from recent budgets of building resilience in the economy to fund economic and wage growth.

Changes to charity reporting thresholds effective 1 July 2022

Changes to charity reporting thresholds approved by the Council on Federal Financial Relations are effective soon.

$1 billion support package unveiled for NSW businesses

With so many businesses hurting as they start 2022, the NSW Government have announced new programs, grants and rebates to support business recovery in NSW with a $1 billion support package for small to medium businesses.

Covid-19 Small Business Fees and Charges Rebate

The NSW government has been releasing multiple programs to support businesses during the Covid-19 pandemic. In recent weeks the Small business fees and charges rebate was released.

Windfall Gains Tax – One Step Closer to Implementation

The proposed legislation enacting the Windfall Gains Tax (WGT) has been introduced into the Victorian State Parliament. If enacted the WGT from 1st July 2023 impact landowners in Victoria whose land is rezoned.

Are you STP Phase 2 ready?

Employers should be gearing up as Phase 2 of the Single Touch Payroll (STP) roadmap commences. With the complex changes to payroll reporting commencing 1st January 2022, employers should not underestimate the amount of work required for Phase 2 readiness.

Alert for All Directors – Director Id Deadline is Approaching

As part of the 2020 Budget Digital Business Plan, the Federal Government has announced the implementation of the Modernising Business Registers (MBR) programme by the Australian Taxation Office (ATO).

Payroll tax for medical practices

A recent decision handed down by the NSW Civil and Administrative Tribunal (“NCAT”) in the Thomas and Naaz P/L v CCSR case (“Naaz’s case”) has increased concerns that service entities for medical practitioners may have a payroll tax liability.

Scomo scaling back support but Gladys will continue to help NSW (well at this stage anyway)

Earlier today the Federal Government’s Treasurer Josh Frydenberg announced that the Commonwealth will move to wind back support for businesses once 70 per cent of a state’s over-16 population is fully vaccinated and at 80 per cent the support would cease. In NSW this would mean support would stop before the end of October.

Deferred Tax Accounting – Amendments for recognition of deferred taxes arising from a Single Transaction

The guidelines for accounting for tax within financial statements which are contained within AASB 112 Income Taxes (“AASB 112”) has again been updated by the Australian Accounting Standards Board (“AASB”) by issuing AASB 2021-5.

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Corporate Tax & Regulatory

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2022 Federal Budget Whitepaper

Changes to charity reporting thresholds effective 1 July 2022

$1 billion support package unveiled for NSW businesses

Covid-19 Small Business Fees and Charges Rebate

Windfall Gains Tax – One Step Closer to Implementation

Are you STP Phase 2 ready?

Alert for All Directors – Director Id Deadline is Approaching

Payroll tax for medical practices

Scomo scaling back support but Gladys will continue to help NSW (well at this stage anyway)

Deferred Tax Accounting – Amendments for recognition of deferred taxes arising from a Single Transaction

Why us

What we do

Who do we help

Work with us

What we think

Working to give back

Contact us

Corporate Tax & Regulatory

Topic filters

2022 Federal Budget Whitepaper

Changes to charity reporting thresholds effective 1 July 2022

$1 billion support package unveiled for NSW businesses

Covid-19 Small Business Fees and Charges Rebate

Windfall Gains Tax – One Step Closer to Implementation

Are you STP Phase 2 ready?

Alert for All Directors – Director Id Deadline is Approaching

Payroll tax for medical practices

Scomo scaling back support but Gladys will continue to help NSW (well at this stage anyway)

Deferred Tax Accounting – Amendments for recognition of deferred taxes arising from a Single Transaction

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