February 2019 Newsletter

Current as of 28 February 2019 Volume 135   Superannuation guarantee contributions amnesty – an update Back on 24 May 2018, the government announced a one-off opportunity for employers to self-correct past outstanding or unpaid superannuation guarantee (SG) without penalty. To date the Amnesty bill has not been enacted and, with the election coming up and the possibility of a … Read More

Corporate Tax Residency Update

  CURRENT AS AT 23 December 2020 In a previous article, we covered the impact of the Bywater case, as well as the ATO’s response to the case, on the determination of corporate tax residence. On 6 October 2020, the government announced that it will make technical amendments to clarify the corporate residency test in order to return the treatment … Read More

Covid19 in Australia

  CURRENT AS AT 23 December 2020 Due to our natural resources, weather, history and prosperity, we like to refer to our country as “the lucky country”.   While the current pandemic has brought its share of tragedies and certainly made it a very difficult year, compared to much of the world our luck has continued to be better than most. … Read More

Another Scam Alert – Don’t be caught out like our client was!

  CORRECT AS AT 16 DECEMBER 2020   As you may be aware the instances of scams is ever increasing in volume and complexity. The ability of these scammers is getting better and anyone could be caught out. Below is the recent example where one of our clients has been significantly impacted by scammers. This example shows that it can … Read More

COVID-19 Insolvent Trading Safe Harbour Protection

Correct as at 12 November 2020 Early in the COVID-19 pandemic, the government made emergency amendments to insolvency laws, including protection from insolvent trading liability.  This protection is due to expire on 31 December 2020. As currently legislated, this protection would cover any debts incurred by the company between 25 March and 31 December 2020 (the safe harbour period), but … Read More