COVID-19 resources -Update July 2020
Several new links have been added to the many already in this article, links that date back to the beginning of the COVID-19 pandemic. If you have any questions, or require further assistance, please send us an email or phone.
Important Single Touch Payroll Update
Single Touch Payroll (STP) and Annual PAYG Payment Summaries – a reminder to both employers and employees.
'But how will we pay for this?'
It's a natural question about global policymakers' multitrillion-dollar efforts to prop up economies and markets against the monumental threat of the COVID-19 pandemic. And the question has understandably taken a back seat to confronting immediate health and welfare challenges.
SMSFs urged to review leases before granting rent relief
SMSF clients planning to provide rent reductions to tenants should review the lease agreement to ensure the provision of rent relief won’t result in a breach of the lease, says an industry lawyer.
ATO busts tax time 2020 myths
The ATO has issued a list of tax-time myths, warning taxpayers that get-rich-quick schemes will only slow down returns.
New financial year to bring new rules for super
As the 2019–20 financial year draws to a close, a technical expert has highlighted some of the new rules commencing for super funds for the 2020–21 financial year.
Extra Tools & Resources for our clients.
Over time we have supplied our clients with a growing collection of tools and resources to help in areas such as COVID-19 relief updates, articles on tax changes and updates, articles to help understand economic changes, calculators for all financial needs, and videos to help you and your family learn more about financial matters. We hope you enjoy these 'extras' and if you have any question then simply ask. *
Ways to outsmart your cognitive biases
As markets continue to be wax and wane due to ongoing coronavirus fears and subdued employment and economic recovery numbers, it seems timely to remind ourselves of the types of behavioural and emotional biases that could lead to potentially risky investment behaviour, and how you can avoid them.