The Federal Budget for 2023-24 year has been released with a number of measures included to continue the economic support for Australian’s. Key measures included in the Budget are: Small business asset write-off Small Business Energy Incentive Superannuation tax Change to super guarantee contributions Further economic support payments for eligible welfare recipients Please note that…
Headland Accountants Pty Ltd is very pleased to announce Tye Bonar, CPA has joined the firm. Tye has worked as a tax accountant at several prominent firms on the Sunshine Coast and Central Queensland. He is a fully qualified accountant with 12 years experience and holds his CPA qualifications. Tye is looking forward to meeting…
The Federal Budget for the 2020/2021 financial year has been released with a number of measures included to continue the economic support for Australian’s impacted by the COVID-19 pandemic. Key measures included in the Budget are: Changes to individual tax rates and tax offsets Threshold removed for small business asset write-offs JobMaker Hiring Credit of…
The JobKeeper payment has been extended by the Australian Federal Government with the following changes to take effect from 28 September 2020: The key date for assessing employee eligibility is now 1 July 2020, rather than 1 March 2020 There is now a Tier 1 and Tier 2 JobKeeper rate New turnover test – you…
Now that the 2020 financial year is completed, it is time to complete your end of year payroll processes in Xero. Businesses have until 14 July 2020 to finalise their payroll figures and file to the Australian Taxation Office (ATO). Below are the steps we recommend you follow to finalise your business’s Single Touch Payroll…
Many businesses re-opening thanks to eased COVID-19 restrictions are now required to collect and store contact information for customers, workers and any contractors for a period of at least 28 days. The Government has put this requirement in place in order to help trace any COVID-19 infections that may occur. A new, free browser-based application…
The Queensland Government is delivering a second round of grants to eligible businesses under the Small Business COVID-19 Adaption Grant Program. Round 2 opens on 1 July 2020, with $100 million of funds to be equally divided between Regional Queensland and South East Queensland (SEQ). The available grant amount is a minimum of $2,000 and up to…
The instant asset write-off threshold of $150,000 has been extended for another six months in an effort to continue the support for businesses recovering from the economic impacts of the Coronavirus. The Federal Government initially increased the threshold from $30,000 to $150,000 earlier this year as a part of their economic stimulus package, with the…
Local Buy, an initiative of the Queensland Government, is seeking new, small and regional businesses to supply to all levels of government and many other organisations in the State. This initiative seeks to support businesses across all industries, supplying all goods and services, by giving them access to opportunities as preferred and pre-qualified suppliers as…
The Queensland Government has announced a grant program to support small businesses impacted by the State’s shutdown restrictions. Up to $10,000 will be available to eligible businesses to assist with adapting and maintaining business operations through these challenging times. Please note there is limited funding – applications will be assessed on a ‘first come, first…