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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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December 2020 – Client Newsletter

Date: December 12, 2020
Categories: Monthly Update
We are delighted to present our first Client Newsletter this December. This is an effort to Connect The Dots and find shape and meaning to key updates from ATO, Accounting Business and others month on month. Through this Newsletter, we strive to make it easy for you to read, connec ...
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November 2020 – Industry and Technical Update

Date: November 13, 2020
Categories: Monthly Update
This month we bring to you the latest updates on Payroll Tax Relief by the South Australian Government and Extension to Shortcut method for WFH. We touch upon Implication of Job Keeper Payments in relation to Work Test and the New PAYG Withholding Tax Rates. Concession on SMSF Assets Valuation  ...
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October 2020 – Industry and Technical Update 

Date: October 12, 2020
Categories: Monthly Update
This edition of our newsletter comes to you close on the heels of the release of the Australian Budget document of 20-21, which we will be analyzing in depth in our special budget report. In the meanwhile, this month’s update will touch upon the following:Jobkeeper extensionExtension to Tax Practi ...
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Monthly Update – September

Date: September 10, 2020
Categories: Monthly Update
The peak season is here and this month we bring to you latest updates to Jobkeeper relief, insights on Taxable Payments Annual Report and Shortcut method for WFH. We touch upon PAYG withholding tax obligations for foreign resident employers and changes to FBT - Cars garaged at Employee's Home. The ...
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