Blog – Taxtics – Accountants & Advisors

Holiday Closure Notice:

Post author By admin
Post date 15 December 2023

As the holiday season approaches, we want to express our sincere gratitude for your ongoing support. In observance of the festive period, we would like to inform you of our upcoming closure dates:

Tuesday, 19th December: Closed for the entire day.
Friday, 22nd December 2023: Closing at 12 pm for a two-week break.

We will resume normal operations on Monday, 8th January 2024.

During this time, our team will be taking a well-deserved break to recharge and spend quality time with loved ones. We appreciate your understanding and look forward to serving you with renewed energy in the coming year.

Wishing you a joyous holiday season filled with warmth, laughter, and moments of celebration. May the new year bring you prosperity, good health, and continued success.

Thank you for being a valued part of our community.

Warm regards,

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XERO Subscription 50% off

Post author By admin
Post date 23 February 2021

To help business kick-start the new year, we’re offering 50% off for Six months on new subscriptions to Xero Business Edition plans.

Depending on the plan you choose, you could save upto $195

Make the most of this exclusive offer for new clients, please contact our office on 08 83466 6444 before midnight (AEDT), Monday 31 March 2021*.

Tags accounting software, discount, xero

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Jobmaker Hiring Credit

Post author By admin
Post date 7 December 2020

The JobMaker Hiring Credit has become law and employees hired after 7th of October 2020 may be eligible.

The benefits will be:

$200 per week for each eligible employee aged 16 to 29
$100 per week for each eligible employee aged 30 to 35.

For the employer to be eligible, new employees must:

Eligible employees must have worked an average of at least 20 hours per week over the quarter for the employer to qualify for the payment
be aged 16 to 35 years
be in receipt of income support payments (such as JobSeeker Payment, Youth Allowance (Other), or Parenting Payment) for at least one of the three months before they were hired.
Employers will register with ATO and make claims quarterly, with claims commencing in February 2021
hold an Australian Business number (ABN)
be up-to-date with their tax lodgement obligations
be registered for Pay As You Go (PAYG) withholding
be reporting through Single touch payroll (STP).
Further eligibility conditions will apply to employers based on the employer’s headcount and payroll on 30 September 2020.
These conditions ensure that employers claim credits for additional jobs created rather than for replacing existing employees.

Further Information, criteria and codintions – see ATO fact sheet and link to Legislation.

To see how we can help you maximise your claim, call us on 08 8346 6644.

Tags ATO, corona virus, employee, grants, hiring credit, jobmaker

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Xero business edition – 50% off for 5 months

Post author By admin
Post date 13 November 2020

To help our clients kick-start their Xero journey, we’re offering 50% off for five months on new subscriptions to Xero Business Edition plans.

Depending on the plan you choose, you could save upto $162

Make the most of this exclusive offer please contact our office on 08 83466 6444 before midnight (AEDT), Monday 30 November 2020*.

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JobKeeper & Cash Flow Boost

Post author By admin
Post date 11 September 2020

Did you know that the JobKeeper payments are subject to income tax while the Cash Flow Boost payments to employers are exempt from income tax?

More info about JobKeeper

More info about Cash Flow Boost

Down load Cashflow Boost Calculator excel calculator

Directors Liability

Temporary changes to director obligations

Post author By admin
Post date 16 August 2020

Temporary changes to director obligations
The Federal Government has announced that to lessen the threat of actions that could unnecessarily push otherwise profitable and viable businesses into insolvency and help ensure they can resume normal operations when the crisis has passed, the following temporary measures have been put in place:

Relief for directors from any personal liability for trading while insolvent
Increasing the threshold for creditors issuing a statutory demand on a company from $2,000 to $20,000 and extending the timeframe for a company to respond from 21 days to six months
Increasing the threshold for a creditor to initiate bankruptcy proceedings from $5,000 to $20,000 and extending the time period for debtors to respond to a bankruptcy notice from 21 days to six months and extending the period of protection a debtor receives after declaring an intention to enter voluntary bankruptcy from 21 days to six months
Providing temporary flexibility in the Corporations Act 2001 to provide targeted relief for companies from provisions of the Act to deal with unforeseen events that arise as a result of the Coronavirus health crisis.

For more information, read the Federal Government fact sheet.

Credit – Tax and Super Australia