SMSF Transfer Balance Account Reporting (TBAR)

All super providers, including SMSF and life insurance companies, are required to lodge a TBAR to report events to an individual’s transfer balance account (TBA). The ATO has...

01/01/2023

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News Flash! – Federal Budget tax bill passed

On Wednesday 7 October 2020, Treasury Laws Amendment (A Tax Plan for the COVID-19 Economic Recovery) Bill 2020 was passed without amendments. The Bill contains five tax measures...

01/01/2023

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Personal Income Tax Preparation & Measure in Helensvale

1.1 Limiting plant and equipment depreciation deductions to outlays actually incurred by investors – for residential investment properties acquired from Budget night on 9 May 2017 From 1...

01/01/2023

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QLD Government Small Business Grant

The Queensland government is offering small businesses that have been affected by COVID-19, a grant of up to $10,000 to assist in sustaining or building sustainability for their...

01/01/2023

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QLD Government Stimulus

Queensland Government announces new grants for first home owners and small business.  Small businesses Queensland small businesses impacted by COVID-19 will be able to access a new $100...

01/01/2023

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Queensland COVID-19 Support Loans is now available

For QLD  business owners – The QLD government’s low interest loan of up to $250,000 is now available. The application appears to be “first in first serve” basis....

01/01/2023

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Queensland COVID-19 Support Loans is now closed

For QLD  business owners – The QLD government’s low interest loan (QLD COVID-19 Jobs Support Loans) of up to $250,000 is closed as of 21 April 2020. This...

01/01/2023

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Residential Rental Property Deduction Changes & Rental Property Advice in Gold Coast Area

From 1 July 2017, the following measures have been introduced: Disallowance of travel expenses for residential rental properties to inspect, maintain or collect rent. Therefore, if you fly...

01/01/2023

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SINGLE TOUCH PAYROLL (STP) PHASE 2 REPORTING

Dear all,   SINGLE TOUCH PAYROLL (STP) PHASE 2 REPORTING STP is a way to communicate your employer’s tax and superannuation information to the ATO in a timely...

01/01/2023

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Small Business Incentives

  Small Business Incentives   The Technology Investment Boost encouraged businesses to adopt digital technologies by providing a 20% bonus deduction for eligible expenditure incurred for the purposes...

01/01/2023

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