Arnold & Finlay Blog
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…
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…
The Qld Government has three new small business grants, worth $25m over two years. Read more…
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…
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…
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…
The downsizer contribution can be used to build up the balance in superannuation. Read more…
The tax withholding tables have now been updated, and reflect the personal tax cuts announced in the 2020 federal budget. Read more…
Whether JobKeeper will cease or continue for you after September it is important that you take similar steps to avoid a possible crisis when the support stops. Read more…