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Grants received by small businesses and primary producers by Cyclone Seroja (April 2021) are non-assessable and non-exempt income. It applies to grants paid in 2021-2022 and later income years.Treasury has released draft legislation, and the Government of Australia has agreed to amend Australian dom ...

You may have heard about the new rules which require directors of Australian companies to obtain a Director Identification Number (director ID). It is a unique 15-digit identifier that directors apply for once and keep forever.The following provides some useful further information.As a director o ...

Keep records of both income and expenses relating to your rental property.Records of rental expenses must be in English or be readily translatable into English and include the:name of the supplieramount of the expensenature of the goods or servicesdate the expense was incurreddate of the document.If ...

Business needs advisory services at all stage of their growth. Small, and medium accounting firms can provide advisory services to their client beyond their regular compliance and other regulatory requirements.In general, more accounting firms have created or are interested in creating a more divers ...

Introduction:The official start of STP Phase 2 was 1 January 2022. The introduction of the STP Phase 2 was delayed until 1 October 2022. The government requires you to accept STP Phase 2, there is no choice.STP Phase 2:It is the latest version of existing STP reporting. The payrun ha ...