2023-05-10 04:54
2023–24 Federal Budget Highlights The Federal Treasurer, Dr Jim Chalmers, handed down the 2023–24 Federal Budget at 7:30 pm (AEST) on 9 May 2023. The Budget forecasts the underly… Read More
Blog Directory > Finance Blogs > Blog Articles finance Blog >
Blog Articles Blog
quantumhouse.com.au
Tags:
federal budget
budget
federal
wage subsidy
scheme
july
wage subsidy programs
children
superannuation
electric
Business Accountants Sydney CBD - We do it all - accounting, tax return, tax advice, financial advice and tax consultation. Call us
2023-03-16 23:30
The recent federal government announcement intends to change the tax concessional status for very large superannuation member balances. From 1 July 2025, superannuation fund members with ove… Read More
2023-03-01 02:29
The ATO has released draft Practical Compliance Guideline PCG 2023/1 to assist individuals with calculating a deduction for expenses incurred as a result of working from home. PCG 2023/1 wil… Read More
2022-10-25 21:36
The post 2023 Labour Federal Budget Announced appeared first on Accountants & Tax Advisers Read More
2022-09-16 01:55
The post ELECTRIC VEHICLES TO BE EXEMPT FROM FBT appeared first on Accountants & Tax Advisers Read More
2022-06-10 00:53
March 2022 announcement The wage subsidy program intended to boost the number of new apprentices and trainees in the country has been extended by a further 3 months. The current wage subsidy… Read More
2022-03-30 00:04
The post 2022 Federal Budget Highlights appeared first on Sydney Accountants & Tax Advisers Read More
2022-03-30 00:04
The post 2022–23 Federal Budget Highlights appeared first on Accountants & Tax Advisers Read More
2022-02-28 05:55
The ATO is reviewing trust arrangements where parents enjoy the economic benefit of trust income appointed to their children who are over 18 years of age (Children). The common feature of th… Read More
2022-02-25 04:58
In the 2021 Federal Budget, the government announced that the ‘cessation of employment’ taxing point for tax-deferred employee share schemes (ESS) would be removed. The removal o… Read More
2022-02-24 23:15
New legislation is removing a general exclusion to superannuation guarantee liability for an employer. From 1 July 2022, employers will be required to make superannuation guarantee payments… Read More
2021-10-19 23:02
A Director Identification Number (DIN) regime is due to be implemented for company directors in Australia. The objective of the new system is to promote good corporate conduct, and its exist… Read More
2021-05-24 04:11
Data matching programs are being conducted to acquire rental property data. The ATO will acquire property management data from property management software providers for the 2018&n&hell…Read More
2021-05-12 00:20
The post 2021/22 Federal Budget Highlights appeared first on Accountants & Tax Advisers Read More
2021-02-22 09:50
The post Simplified fuel tax credits appeared first on Accountants & Tax Advisers Read More
2021-01-29 21:55
Amendments to the corporate residency test have been drafted in an effort to partly move away from current administrative guidance which relies heavily on the physical location of directors… Read More
2021-01-29 21:51
The Government is introducing a JobMaker Hiring Credit scheme for new employee positions created by eligible employers. The scheme will run from 7 October 2020 to 6 October 2022 and will hav… Read More
2020-10-06 23:10
The Federal Treasurer, Mr Josh Frydenberg, handed down the 2020/21 Federal Budget at 7:30 pm (AEDT) on 6 October 2020. Australia’s economic response to the COVID-19 pandemic in the for… Read More
2020-09-02 01:47
Legislation relating to the extension of the JobKeeper Payment scheme has been introduced into parliament and is expected to pass early September 2020. The extension of the scheme will allow… Read More
2020-09-02 01:06
The purpose of this Fact Sheet is to enable you to make a quick assessment of your eligibility for the Government’s JobKeeper Payment Scheme extension beyond the original end date of 2… Read More
2020-04-01 22:34
The Government announced a “JobKeeper” payment scheme to subsidise wage payments for eligible businesses affected by the COVID-19 pandemic. The payments will comprise of a paymen… Read More
2020-03-25 00:17
In response to the economic downturn caused by COVID-19, the federal government has made amendments to current social security rules for the six-month period 27 April 2020 to 27 October 2020… Read More
2020-03-25 00:04
The government will allow individuals affected by COVID-19 to withdraw $10,000 from their superannuation account in 2019/20 under the hardship provisions. Also, a further $10,000 can be with… Read More
2020-03-24 23:49
In light of the economic impact from COVID-19, the federal government will provide a guarantee of 50 per cent to registered lenders to support short-term unsecured loans to small and medium… Read More
2020-03-24 06:58
The Australian government has revealed a range of stimulus policies over the past two weeks, in response to the growing threat presented to the economy by COVID-19. These stimulus measures… Read More
2020-03-23 03:41
On 20 March 2020, the Victorian premier announced a range of economic measures intended to assist businesses adversely affected by the COVID-19 pandemic. These measures, and their related cl… Read More
2020-03-19 05:57
The State Governments of Australia including Queensland, New South Wales and Western Australian have announced their plan to support the SMEs in light of the COVID-19 outbreak. Below is the… Read More
2020-03-17 04:21
Small and medium business employers to receive cash flow relief Businesses with turnover under $50m will benefit from a cash flow boost over a six month period as part of a Government stimul… Read More
2020-03-13 00:16
The government’s economic response to the coronavirus (COVID-19) outbreak includes temporary tax-related measures to support business investment, including increasing and extending the… Read More
2020-01-31 01:17
The Insurance Council of Australia has opened an online disaster-affected trades register, starting from 14 January 2020, to assist with disaster recovery and rebuilding. Qualified tradespeo… Read More
2019-04-03 00:04
The Federal Treasurer, Mr Josh Frydenberg, handed down the 2019/20 Federal Budget at 7:30 pm (AEDT) on 2 April 2019. Mr Frydenberg said the Budget is “back in the black”, announc… Read More
2018-09-14 07:35
Self-education expenses generally are deductible under ITAA 1997 s 8-1 when two elements are met. The first of which is that the expense is from a “prescribed course of education&rdquo&hell…Read More
2018-09-14 07:35
Self-education expenses generally are deductible under ITAA 1997 s 8-1 when two elements are met.
The post Self-education expenses allowed for ‘part’ of course appeared first on… Read More
2018-08-14 03:04
A Commonwealth Gazette notice has been issued stating that the ATO intends to collect data of individuals renting a premises via online accommodation websites. These services are usually run… Read More
2018-07-05 00:50
All states in Australia have (or will) implemented stamp duty surcharges on foreign investors in the residential property market. The following is a state-by-state breakdown for foreign purc… Read More
2018-06-06 02:00
As 30 June 2018 is fast approaching, we would like to advise you of some key tax planning opportunities you may want to take advantage of before the end of the financial year. Deferral of in… Read More
2018-06-06 01:48
As 30 June 2018 is fast approaching, we would like to advise you of some key tax planning opportunities that your business may be in a position to take advantage of before the end of the fin… Read More
2018-05-21 08:56
The calculation for entities claiming the R&D tax incentive is proposed to change commencing for income years beginning on or after 1 July 2018. The changes for calculating the R&D t… Read More
2018-05-21 08:35
Are you the person involving payroll? Then you must read this! Under section 550 of the Fair Work Act, a person who is involved in a contravention of the Act is held responsible for that con… Read More
2018-05-17 09:23
Generally, a business that runs a healthcare centre operation will entice practitioners to operate in their centre with incentives such as entry payments. Typically, these lump sum payments… Read More
2018-05-17 09:10
Until 1 July 2018, a GST and customs duty exemption generally applies to goods imported in a consignment with a customs value of no more than $1,000. The exemption — referred to as the… Read More
2018-05-17 07:52
The government will extend the taxable payments reporting system to contractors in the courier and cleaning industries, with effect from 1 July 2018. These changes were recommended in the Bl… Read More
2018-05-17 07:39
The export market development grants (EMDG) scheme is an Australian government financial assistance program for aspiring and current exporters. The EMDG scheme: encourages small and medium s… Read More
2018-05-09 01:40
2018/19 Federal Budget Highlights Mr Scott Morrison, the Federal Treasurer, handed down his third Budget at 7.30 pm (AEST) on 8 May 2018. Mr Morrison said the Budget is focused on further st… Read More
2018-01-31 23:35
In its online guidance, the ATO has stated its view that Bitcoin (and other crypto or digital currencies that have similar characteristics) are capital gains tax (CGT) assets. Investment &am&hell…Read More
2018-01-31 23:05
ITAA 1997 Div 35 will apply to defer a non-commercial loss from a business activity unless: you meet the income requirement and you pass one of the four tests the exceptions apply, or the Co… Read More
2018-01-23 06:29
It is quite common to see that many Australian residents migrated from overseas bringing lump sum amount from their overseas super fund into Australia and being asked by the ATO the n… Read More
2018-01-23 05:36
From July 01, 2017, the Australian Taxation Office (ATO) will receive information on holders of a visa from the Department of Immigration and Border Protection, and the data items tha… Read More
2017-10-07 10:04
The current Child Care Benefit (CCB) and Child Care Rebate (CCR) are slated to be removed and replaced with a new Child Care Subsidy (CCS). If the Bill goes through parliament as currently w… Read More
2017-10-07 09:58
If your business is operating outside the benchmarks, you may move to a higher audit risk. If the business attracts the ATO’s attention, you need to: check that income and deductions f… Read More
2017-10-07 09:13
The ATO is looking to continue their fight against the cash economy by visiting various businesses in capital cities that are operating as a “cash only” business. The current bus… Read More
2017-09-18 11:55
A recent media release by the Australian Taxation Office has highlighted their intention to increase case work by their officers in the superannuation guarantee (SG) area. This media release… Read More
2017-06-14 02:47
For Small Business Clients As 30 June 2017 is fast approaching, we would like to advise you of some key tax planning opportunities that your business may be in a position to tak… Read More
2017-06-14 02:47
For Small Business Clients As 30 June 2017 is fast approaching, we would like to advise you of some key tax planning opportunities that your business may be in a position to take advan… Read More
2017-05-09 22:08
2017/18 Federal Budget Highlights The Federal Treasurer, Mr Scott Morrison, has handed down his second Budget (the government’s first of its three-year term) at 7.30 pm (AEST) on 9 May… Read More
2016-09-14 02:52
Here are downloadable slides for our business seminars. Please contact our office if you enquire any future seminars. R&D Tax Incentive 2014 Business Evaluation Business Health Check Bus… Read More
2016-09-07 04:52
The small business entity turnover threshold will be increased from $2m to $10m from 1 July 2016. The increased threshold means businesses with an annual turnover of less than $10m will be a… Read More
2016-09-05 03:24
Quantum Business & Tax News – September 02, 2016 Topic: Single Touch Payroll Reporting (STP) introduced for substantial employers. Please watch the video below.
The post Quantum Bu… Read More
2016-08-26 07:19
Tax law applies to income generated from sharing economy services which means you: need to keep records of all income received and declared in income tax returns need to keep rec… Read More
2016-04-11 10:12
Buying a property from a foreign resident? Then, please read below. The withholding applies to: real property in Australia (including land, buildings, residential and commercial property) th… Read More
2014-05-28 11:31
Can you plan around the 2% debt tax? The introduction of the debt tax, or the Temporary Budget Repair Levy as it is formally known, may be the only certainty in the Government’s first… Read More
2014-05-20 13:38
Finding a good accountant is not easy at all. It is more like “finding a good business partner” for your life time. However, there are some common rules you can apply when you fi… Read More
2014-05-20 13:26
When you received a letter from the ATO for the type of “Please explain” or informing they are taking an “Audit” for you and your business, what you need to do first… Read More
2014-05-14 12:41
The Government has announced its 2014-2015 Budget on May 13, 2014 with massive changes in welfare. Read full summary in below link. Budget_2015 Read More
2014-04-30 08:03
If you are a start-up entrepreneur for your own business or considering building your own enterprise, this is the one you should join. Quantum Business House opens a series of free workshops… Read More
2014-04-28 05:37
Be afraid, be very afraid – Federal & State regulators ramp up audit activity We’re noticing an increased level of audits by the ATO and State regulators. Key audit are… Read More
2014-02-28 08:35
Why the ATO is looking closely at you this FBT time Almost half of all tax collected flows through about 800,000 employers. In an environment where tax revenues are falling, Fringe Benefits… Read More
2013-12-02 04:55
Merry Christmas Whether your celebrations are a huge family affair or a time of quiet relaxation, we hope you have the opportunity to reflect on everything that was good in 2013. We hope you… Read More
2013-11-06 06:16
Never ending story – more tax change from 1 January Normally we wouldn’t advise you of potential tax changes until we were absolutely certain that they were going to happen. But… Read More
2013-09-27 07:48
What does the new Government mean to you? On the first day of the Coalition Government, the new Prime Minister Tony Abbott instructed the Department of Prime Minister and Cabinet to draft le… Read More
2013-08-26 09:06
Losing it! How to make the most of Read More
2013-07-24 01:17
Driving you crazy: FBT and cars
In mid Read More
Subscribe to Blog Articles
Get updates delivered right to your inbox!