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JOBKEEPER SUNSET AND WHAT IT MEANS TO ACCOUNTANTS

Date: April 10, 2021
Categories: Federal
JobKeeper helped in keeping the Australian economy afloat at the time when many Australian businesses were bleak due to Covid19.JobKeeper initially gave businesses $1,500 per fortnight per employee to help pay the wages. At one stage, almost a third of Australian workers were on JobKeeper.With ATO e ...
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ATO Updates (Mar 2021)

Date: March 9, 2021
Categories: News
 Taxation Ruling TR 2021/1 : Deductibility of employee transport expenses:On 17th Feb 2021 The ATO has released Taxation Ruling TR 2021/1 on the deductibility of employee transport expenses.An employee can only deduct a transport expense under section 8-1 to the extent that:They incur th ...
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The First Home Super Saver Scheme

Date: March 9, 2021
Categories: Superannuation
The first home super saver scheme , commonly abbreviated as FHSS allows eligible first time home buyers to voluntarily contribute to superannuation and withdraw an amount (plus earnings and less tax) to buy a first home.Eligibility for the FHSS Scheme :Individual at least 18 years oldHave never owne ...
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Financial Advice – Access to Affordable Advice

Date: March 9, 2021
Categories: Others
The market for advice is shifting in many ways post 2020. Recently released research shows about four out of ten Australians will seek financial advice over the next 12 months. Government is implementing further Financial sector reforms to strengthen the financial advice and provide consumers with b ...
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ATO Updates (February 2021)

Date: February 9, 2021
Categories: Others
Extension to COVID-19 SupplementsThe benefit of COVID-19 Supplements will be extended up to 31st March 2021.This will be paid at $150/fortnight (previously $250/fortnight) to recipients of Job Seeker payment, Parenting payment, Youth Allowance, Au study payment, Special Benefit, Widow Allowan ...
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Corporate Insolvency Reforms

Date: February 9, 2021
Categories: Others
The much-awaited reforms in the Insolvency framework is now in place in what is perceived as a significant step in keeping Australian businesses and jobs in place, as the COVID relief measures ease out.The purpose of the Corporations Amendment (Corporate Insolvency Reforms) Bill 2020 is to implement ...
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Using Robotic process in Accounting 

Date: February 9, 2021
Categories: Accounting
Accounting inherently works with a lot of data and repeatable, rule-based, structured processes that make them the perfect soil for introducing Robotic Process Automation (RPA) to it.Apart from the technical help, RPA has an indirect effect on the workforce’s overall well-being, as the repetiti ...
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Climate change – Davos summit & Accounting profession

Date: February 9, 2021
Categories: Accounting
As several countries make their way through and eventually out of the coronavirus pandemic, the opportunities and responsibilities that Accountants bear could get more diverse than ever.Accountants through their professional expertise are perceived as leaders building and implementing strategies to ...
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Augment your SMSF business on Cloud

Date: January 13, 2021
Categories: Superannuation
Carisma's comprehensive SMSF services enable Australian accounting firms manage SMSF administration in a seamless, efficient and cost effective way. Today, we enable 100+ Accounting firms across Australia. Our relentless pursuit for excellence in accounting and adoption of latest technology has res ...
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Newsletter – Jan 2021

Date: January 12, 2021
Categories: Others
The start of the year is always a good time to pause, reflect and sharpen the focus on our goals.Beyond this moment of New Year wishes, we are firm in our resolve to stay connected, stay abreast of changes and stay ahead in technology.2021 will be a year of significant change and innovation in Accou ...
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