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Where are we now in 2021

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Where are we now in 2021

What a whirlwind and it’ll be Christmas before we know it! Here at Benefit Accounting, we always feel grateful and happy to be living and working in such a beautiful place and embrace the ever-changing rules that life now entails. With excellent accountants and bookkeepers at your disposal, we aim for you to feel valued and tax planning ready at all times! Click through for tax tips and our summary digest on where we are now in 2021…

Recovery 2021-22 Federal Budget

Recovery 2021-22 Federal Budget

Last year there were enough stimulus measures to last a generation and we’re back to another Budget release. Blink at the deficit we all knew was coming and most of us whom reaped the rewards of the stimulations!

We have to have faith in where Australia is at and where we’re heading. Click through for our summary on what is changing in the sector we work in, tax and business!

Super % Rate Rise

Super % Rate Rise

The superannuation guarantee % rate is on the rise from 1st July 2021, from 9.5% and on the creep to 12% over the next five financial years. This is good news for employees (more in the retirement kitty) but for employers this is important news for cashflow. Find out when and how…

Tax Rate Changes from the 2020-21 Budget

Tax Rate Changes from the 2020-21 Budget

After all the crazy this year, the Coalition have handed down the (deficit) Budget which includes lower taxes! This part interests us. Click through for our take.

JobKeeper Payment

JobKeeper Payment

Updated 11/08/2020.
The new JobKeeper payment is giving struggling business owners and employers $1,500 gross per fortnight per eligible employee until September to keep employers and employees connected and making the JobKeeper an alternative to Centrelink’s JobSeeker. Fact sheets enclosed.

Business Health Check

Business Health Check

Business Survival Health Check, Grants, Lending Assistance and Inspiration. Let's talk business, cashflow, finance. Or if you've needed to put your business on ice until this saga passes, we can discuss strategies for when you see recovery. These are the times when all business owners need to adapt but potentially also take a breather. Grab our ideas here.

Australia's Second Stimulus Package

Australia's Second Stimulus Package

The initial stimulus package has been enhanced with the second stage of the Commonwealth Government’s economic plan. We’ve digested this for you here, read on for what the Government is further offering to businesses and households. We are business as usual here at Benefit Accounting to support you through these times.

Coronavirus Pandemic - Australia’s Economic Stimulus Package

Coronavirus Pandemic - Australia’s Economic Stimulus Package

The Morrison Government has released a stimulus package to assist Australia from the devastating effects the coronavirus pandemic is having on health, tourism, business and the financial markets. Not only on a global scale but close to home.

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Single Touch Payroll (STP)

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Single Touch Payroll (STP)

STP is designed to make more info available on myGov for employees so they can check their payroll data throughout the year and automatically for their tax all while allowing the ATO to keep a closer eye on employers to ensure PAYGW and Super are being reported and paid on time for employees. Here's a user-friendly video that explains.

Tax Changes from 2019-20 Budget

Tax Changes from 2019-20 Budget

A simple budget has been handed down by the government with some much needed tax relief for low to middle income earners as well as small to medium sized businesses. The budget seems favourable and builds on promises made last financial year.