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Business news and views from Accountancy Group

About Helen Tsirmiris

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So far Helen Tsirmiris has created 38 blog entries.

What lockdown support is available

If you can’t work because you or someone in your household is impacted by COVID-19, support is available.

By |20 July, 2021|Business|Comments Off on What lockdown support is available

New laws target sharing economy platforms

In an attempt to reign in undeclared income, proposed new laws will require platform providers in the sharing economy to report all transactions through their platforms.Traditional employment models have shifted in favour of more flexible options including contracting, self-employment and use of labour hire. Consumers are increasingly paying to ‘use’ […]

By |15 July, 2021|Business|Comments Off on New laws target sharing economy platforms

6 Member SMFSs – the issues and opportunities

From 1 July 2021, the maximum number of members a Self Managed Super Fund can have increased from four to six. Why would you have a fund with six members and what are the implications?

Recently enacted laws increased the maximum number of allowable members in an SMSF and small APRA […]

By |15 July, 2021|SMSF|Comments Off on 6 Member SMFSs – the issues and opportunities

Business in a post pandemic environment

Countries that have experienced the worst of the pandemic give Australian businesses an insight into what to expect in a post-lockdown environment.

Australia, like New Zealand, has managed COVID-19 on an elimination basis. That is, lockdowns and border closures to keep the virus out. And, it has worked comparatively well with […]

By |15 July, 2021|Business|Comments Off on Business in a post pandemic environment

Lockdowns: What help is available?

The highly infectious Delta COVID variant is triggering lock-downs across the country. We look at what help is available and how you can get it.  

For You

COVID-19 disaster payment

The COVID-19 disaster payment is available to eligible workers who can’t attend work or who have lost income because of a lockdown and […]

By |15 July, 2021|Business|Comments Off on Lockdowns: What help is available?

Am I taxed on an insurance payout?

Australia has had its fair share of disasters over the last few years – drought, bushfires and floods – that have ramped up the volume of insurance claims. Most people would assume that if and when they need to claim on their insurance, the insurance payout covers the damage and […]

By |2 June, 2021|Tax|Comments Off on Am I taxed on an insurance payout?

Work from home expenses under scrutiny & the perils of browsing Facebook

If you worked from home during lockdown and spent money on work related items that were not reimbursed by your business, you might be able to claim some of these expenses as a deduction – but not everything you purchase can be claimed.The ATO has stated that it is looking […]

By |2 June, 2021|Business, Tax|Comments Off on Work from home expenses under scrutiny & the perils of browsing Facebook

What changes on 1 July 2021?

Super guarantee rate increase to 10%

On 1 July 2021, the Superannuation Guarantee (SG) rate will rise from 9.5% to 10% – the first rise since 2014. It will then steadily increase each year until it reaches 12% on 1 July 2025.The 0.5% increase does not mean that everyone gets an […]

By |2 June, 2021|Superannuation|Comments Off on What changes on 1 July 2021?

Your SMSF: when expenses and investments are not at arm’s-length

We often get questions from clients about what they can and cannot do in their SMSF. Often the questions relate to related party transactions – that is, interactions between the SMSF, its assets, and its members (or relatives of members).  We’ve set out some of the common questions and answers.In […]

By |21 May, 2021|SMSF|Comments Off on Your SMSF: when expenses and investments are not at arm’s-length

Tax exemption for ‘granny flat’ arrangements

To protect older Australians, the Government has moved to formalise ‘granny flat arrangements’ by providing an incentive to protect all parties in the arrangement. Typically, granny flat arrangements occur when an older person transfers some sort of consideration (often title to property or proceeds from the sale of property) to their […]

By |20 May, 2021|Tax|Comments Off on Tax exemption for ‘granny flat’ arrangements
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