Small Business

Single Touch Payroll - Phase Two commencing from 1 January 2022

Nov 30, 2021

Following the successful roll-out of Single Touch Payroll reporting in 2019, the Australian Tax Office has introduced an expansion of the program (as outlined in the 2019-20 Federal Budget), with ‘Phase Two’ due to commence from 1 January 2022.

New Super 'Stapling' Choice Rules now in Effect from 1 November 2021

Nov 29, 2021

Following Royal Assent of the ‘Your Future, Your Super’ legislation, new Superannuation Fund rules apply surrounding a new employee’s superannuation account, which will now follow them from job to job unless they make an active choice to nominate an alternative.

Varying PAYG Instalments due to COVID-19

Nov 24, 2021

Taxpayers can vary their pay as you go ('PAYG') instalments throughout the year if they think they will pay too much, compared with their estimated tax for the year.

To assist taxpayers who continue to be affected by COVID-19, the ATO has stated that it will not apply penalties or interest on varied instalments for the 2021/22 income year for excessive variations when the taxpayer has taken reasonable care to estimate its end of year tax.

New Queensland Stamp Duty Relief for Small Businesses

Nov 24, 2021

Under newly revised legislation which took effect earlier this year, eligible small businesses can now restructure from trading discretionary trusts to trading companies, gaining access to a Stamp Duty Exemption in Queensland.

Lord Mayor's Women in Business 2021 Grant

Nov 15, 2021

Announced late last month, the Brisbane City Council & Brisbane Business Hub has released their "Lord Mayor's Women in Business Grant 2021", aimed at supporting female business owners to grow and develop their businesses in response to the impacts of COVID-19.

FBT Considerations for Work Christmas Parties and Gifts

Nov 10, 2021

As we approach the Christmas period, many businesses will now be considering the festive season, with planning and organisation of celebrations for workplaces, employees, and clients & associates well underway.

Key Due Dates - September 2021

Sep 01, 2021

This is a friendly reminder of the upcoming key due dates for SME business in September 2021: