Arnold & Finlay Blog

Avoid Underpayment of Wages!

Even the big companies get pays wrong – CBA, Bunnings, Woolworths, 7 Eleven.  Not only did it cost those companies money, there was a loss of reputation plus significant costs of rectification.  In Queensland, 'wage theft' is now a criminal offence (for intentionally failing to pay or underpay employees). Read more…

Avoid Errors in Employees vs Contractors

The Current Tax Landscape

The ATO and State Revenues are now far better at identifying and pursuing non-compliant employers.  Knowing the  difference is important because it impacts Tax Withholding, Superannuation, Fringe Benefits Tax, WorkCover, Payroll Tax and Pay Awards. Read more…

Single Touch Payroll from 1 July 2021

For those of you keeping count, we made a mistake!

We advised in a Blog this week that STP had been deferred to 1/1/2022.  Unfortunately, that is not correct, it is only the additional reporting that has been deferred to January next year. Read more…

Budget 2021-22

This Budget is a balancing act between a far-less than expected deficit, prospects of an early election (November?), and the need to invest to be able to compete in the world over the long term.  It is interesting that the Treasurer assumes international travel and migration will remain low to mid-2022. Read more…

New Small Business Grants

The Qld Government has three new small business grants, worth $25m over two years. Read more…

Tax Deduction Opportunities with Super in 2021

Superannuation will become an important source of your income on retirement.  That's one reason why it is a good idea to add to super while you are working.  Of course, the benefit now is tax savings. Read more…

Loan Guarantee Scheme

Aviation Support

JobKeeper finishes on 28 March, and is unlikely to be extended.  The just-announced 800,000 subsidised air tickets for use in Australia is meant to help the travel industry now, until international travel is available (Alan Joyce of Qantas says October?). Read more…

Reduce Your 2021 Tax

With the end of financial year approaching quickly, NOW is the time to consider the actions you can take before 30 June 2021 to reduce your tax and also grow your wealth. Read more…

Last year, the ATO paused its debt recovery, audit and lodgement activity at the height of the Covid-19 concerns. Read more…

What's a Downsizer Contribution?

The downsizer contribution can be used to build up the balance in superannuation. Read more…

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