COVID – 19 Stimulus Packages – Important dates and updates

Current as at 18 June 2020 We are now well through the process in relation to the Stimulus packages. It is important to ensure nothing is missed in relation to concessions so below we have the update of all the concessions available, as well as the relevant dates in relation to those concessions. Stimulus Key Date Explanation Cash Boost – … Read More

Last minute tax tips for Individuals

Current as at 18 June 2020 Tax planning is a year round activity at Stanley & Williamson, but June is the time to double check that any critical actions are taken before 30 June. We’ve spoken to lots of clients throughout the year and especially over the last few weeks about actions to take for their individual circumstances, but as … Read More

2020 End of Financial Year (EOFY) considerations for your SMSF

Current as at 18 June 2020 The COVID-19 pandemic has affected everyone’s lives, and SMSF trustees are no exception. While the worst of the pandemic is (hopefully) behind us, trustees still have difficult questions to ponder as they focus on how best to position their SMSF for 2020-21, as well as meet their annual regulatory obligations for 2019-20. Meeting new … Read More

Removal of Main Residence Exemption for Foreign Residents – Reminder

Current as at 18 June 2020 A final reminder – if you’re a foreign resident, the transitional period to dispose of your former Australian main residence expires on 30 June 2020. Full details of this change were discussed in previous newsletters, but in summary, if you don’t currently live in Australia but still own a property that was your family … Read More

Be Warned – The Scammers are still Rife!

Current as at 21 May 2020 We have written about this in past editions of S & W Insight but we have to return to the subject as the problem just does not go away. We continue to have clients telling us about being contacted by people trying to scam them. The methods change but the aim is the same … Read More

Self managed superannuation funds and COVID-19 measures

Current as at 21 May 2020 You may be aware that the Government recently announced measures which allow individuals affected by the economic impacts of COVID-19 to access a limited amount of their superannuation early. Similarly, rental relief for your SMSF property tenant may also be available. Accessing your superannuation early Making the decision to access your superannuation early is … Read More

Jobkeeper – FAQ

Current as at 21 May 2020 We are now into the second claim month of Jobkeeper and there have been a few practical questions that we’ve been asked, and we’d like to share them with you. If your business is claiming Jobkeeper or you are thinking of claiming, then please read on. Question Answer or comments Will Jobkeeper payment be … Read More

JobKeeper Payment – Your Questions answered

Current as at 16 April 2020 We’ve been fielding many questions about the JobKeeper Payment since it was announced on 30 March.  Our newsletter on 31 March outlined the announcement and how it was intended to apply.   The scheme was passed into law just before Easter with the detailed rules and explanatory statement becoming available over the Easter break, so … Read More

Are you having trouble paying or receiving your commercial rent due to COVID-19?

Current as at 16 April 2020 The COVID–19 crisis has led to businesses having a significant decrease in their turnover, with some businesses even being forced to temporarily close their doors. This has led to the problem of tenants not being able to meet their commercial rent commitments. With landlords relying on this rent to meet their own mortgage commitments, … Read More