On 29 March 2022, Treasurer, Mr Josh Frydenberg handed down the 2022-23 Federal Budget. Our team have unpacked all the major announcements to share their expert analysis & insights. Read more here.
Watch a short Client Spotlight video featuring Olympia Body Transformation Sanctuary. Greg and Cleo Evangelou talk with us about growing their business through COVID and the support offered by Hall Chadwick QLD. View the video here, or read the transcript.
The training is ramping up for the RideWest 2022 charity bike ride from Brisbane to Longreach, and so are the fundraising efforts. The 1311km charity bike ride raises funds for the Royal Flying Doctor Service of Australia (RFDS) to help improve regional access to mental health support through the RFDS ‘Wellbeing Out West’ Program. Read more here.
As a reminder, if your income year ended 30 June 2021, the deadline to submit your Research and Development Tax Incentive (R&DTI) application for the 2020/21 income year is Tuesday, 3 May 2022. Read on for more information on applying for this incentive and detailed eligibility.
The state and federal governments have announced a financial support package of $558.5 million for small businesses, farmers, not for profit organisations and sporting and community clubs devastated by the flood emergency across south-east Queensland. Read more about the grants and loans available here.
Queenslanders in communities impacted by the unfolding flooding disaster across the state’s South East can now apply for Commonwealth financial support.
The Australian Government has now activated the Disaster Recovery Payment (AGDRP) of $1000 per eligible adult and $400 per eligible child to support people impacted by the SEQ flooding event that began on 22 February. Read more here.
With recent changes, failure to register for your directors ID within the required timeframe may result in significant penalties (civil fine up to $13,320 or criminal fine $1,100,000), From 4 April 2022, you must have a directors ID before you can be appointed as a director of a new company.
Read on for the steps to apply for a directors ID.
Single Touch Payroll (STP) started on 1 July 2018 for large employers, and became mandatory for all employers from 1 July 2021 onwards. As part of the 2019-2020 federal budget, it was announced that “STP Phase 2” would be introduced to provide additional information as part of STP reporting. Read more on this change.
In this issue of Corporate Advisor, we explain 13 corporate-governance, financial-reporting, and regulatory topics of crucial importance to CFOs and directors. Much has been happening of particular relevance to boards – director identification numbers, whistleblowing and breach reporting, fraud, wages underpayment, and climate change.
Work-related expenses is an area in which we have experienced a recent lift in the ATO’s scrutiny. With the 2021 lodgement due date fast approaching, we have put together a timely reminder of the supporting documentation and evidence you would be expected to produce if the ATO were to audit these claims in your personal tax return.
Read more on record keeping work-related car expenses, travel expenses and working from home expenses here.
