by MRG Redshaw | Mar 25, 2021 | Alerts, Announcements, FBT, Small Business, Tax, Uncategorised
As we approach the end of the Fringe Benefits Tax Year 2020/21, we want to issue a reminder to all employers that a motor vehicle odometer reading needs to be taken on the 31st March 2021, for the purposes of a car Fringe Benefit Tax obligation. This reading is one of...
by MRG Redshaw | Mar 11, 2021 | Alerts, Business Solutions, Small Business, Superannuation
As we approach the end of Quarter 3, 2020/21; this is an important reminder of the upcoming 28th April 2021 due date for payments of your mandatory employer Superannuation contributions. We noted previously in October 2020, the legislated Superannuation Amnesty Period...
by MRG Redshaw | Feb 9, 2021 | Alerts, Announcements, Business Solutions, Small Business, Tax, Uncategorised
For businesses managing a vehicle fleet, the Fuel Tax Credits system can be an excellent route for operators to claim full or partial refunds for the fuel tax (excise or customs duty) that’s included in the price of fuel. Under the FTC system, fuel used in...
by MRG Redshaw | Jan 15, 2021 | Alerts, Business Solutions, COVID-19 Support, Small Business, Uncategorised
With businesses now returning to work for 2021 following the Festive/New Year holiday period, a reminder that JobKeeper 2.0 – Phase Two extensions have now taken effect from 4th January 2021 and will run for the period until 28th March 2021. Under the final instalment...
by MRG Redshaw | Oct 26, 2020 | Alerts, Business Solutions, Small Business, Superannuation
Following the end of the legislated Superannuation Amnesty Period which ran to 7 September 2020, the ATO released a draft Practice Statement (PS LA 2020/D1) to provide guidance to ATO staff in relation to Part 7 penalties on late Superannuation Guarantee Charge (SGC)...
by MRG Redshaw | Oct 14, 2020 | Alerts, Announcements, COVID-19 Support, Federal Budget, Small Business, Tax
On Tuesday, 6th October, Federal Treasurer Josh Frydenberg handed down the 2020/21 Federal Budget, outlining a further $98 billion in financial economic support, however acknowledging a $200 billion deficit – the biggest since World War II. Under the Federal...
