Entries by Sophie van den Bogaerde

The end is nigh: JobKeeper.

Due to the mounting needs of the workforce created by COVID-19, the end of JobKeeper was extended from September 2020 until March 2021. However, this still will come as a blow to several employers and employees who have relied on government funding for almost a year. The JobKeeper program is set to officially end with […]

Protect yourself against scammers with us

Melissa Caddick was last seen in November and disappeared after accusations against her emerged about financial misconduct. Her case is one that has captivated the nation – not just because she is a missing person with evidence of her ill fate being found, but because her crimes are ones we’re all afraid of. Although she […]

Phase two of Single Touch Payroll 

In a year from now, the Single Touch Payroll system will enter its second phase of growth, requiring further information to be provided. The increase in providing information to the Australian Taxation Office means that you will no longer be required to issue it to additional government agencies, as is the case currently. This means […]

New Year (sort of) resolutions

We’re on the wrong side of mid-February, so everyone has run out of excuses as to why they haven’t implemented the fresh, new accounting habits they’d promised themselves. You can find out what sort of shape your record-keeping systems are in by using the record-keeping evaluation tool provided by the Australian Tax Office. Here’s what they say […]

JobTrainer

After many changes in light of the ever-evolving COVID-19 situation in Australia, most of us have finally gotten our heads around JobKeeper, JobSeeker, and JobMaker: JobKeeper to help employers subsidise wages and keep their employees in work, JobSeeker to financially support those looking for jobs, and JobMaker to provide financial incentives to employers to create […]

Early superannuation withdrawals

Early withdrawals of superannuation funds have been fairly uncommon in the past, but with many anxious about the security of their jobs and income, the Australian Taxation Office has seen an increase like never before. Currently under review by the ATO are approximately 1,900 applications for early Super access, of which around 1,700 are flawed. […]

Trusted advisors

COVID-19 has seen all of us confronted by an ever-changing nation, with restrictions and government support looking different from one day to the next. Bookkeepers and accountants have also found their roles and relationships with their clients are looking very different than before. All around the world bookkeepers and accountants have taken on the role […]

Jobmaker

We’ve all heard a lot about Jobkeeper and the increased funding to Jobseeker, both government responses to the job losses resulting from the pandemic. However, less has been discussed about Jobmaker. Jobmaker was created as an incentive for employers to create new roles, with government contributions to these employees’ pays, keeping more Australians working as […]

2020 for small businesses: Glass half full.

It’s been well-publicised that COVID-19 has forced some businesses to adapt the way they work, while it’s completely destroying others. 2020 has not discriminated between businesses small and large, and in many ways – it’s been business owners who have suffered the largest consequences as a result of lockdowns. However, lesser discussed are the ways that […]

ATO services over the holiday period

The Australian Tax Office, like many of us, are preparing to take some time off during the festive period. Their offices, social media channels, and contact centres will all share the following closure times: CLOSED FROM: 12 noon, Thursday 24 December 2020 OPEN FROM: 8 am, Monday 4 January 2021 For any tax-related information you may […]