Latest News & Updates

We digest the latest news, trends, rulings, changes in legislation and best-practice guidelines to help clients and followers stay current, compliant, and well-positioned for the future.

Billings and Ellis, accountants and business advisors, divider

Read latest news articles on any of these topics:

Cloud Accounting

The four key changes that are effective from 1 July 2021

From 1 July 2021 there are four significant changes that business-minded…
Superannuation Guarantee Increase 2021

Superannuation Guarantee (SG) increase effective 1 July 2021

The Superannuation Guarantee (SG) rate will increase from 9.5%…
Summary of Corona Virus updates

Second stage of government stimulus package for 2020

On 22 March 2020, the Australian government announced the second…
Australian Government stimulus package 2020

Government stimulus package offers economic remedy for 2020

In response to the impact of Coronavirus (COVID-19) on the Australian…
Small Business

More relief for VIC businesses affected by lockdowns in FY 2020-2021

Owners and managers of businesses in Victoria should check eligibility…
Full Expensing 2020-2023

Full expensing on business asset purchases until 30 June 2022

From 6 October 2020 to 30 June 2022, business asset purchases…
Tax Trading and Cryptocurrency

ATO spotlight on compliance for traders in cryptocurrency

The Australian Taxation Office (ATO) is concerned that many taxpayers…
Loss carry-back tax offset for corporate entities explained

Loss carry-back tax offset for corporate entities explained

The ATO published an explanation of the refundable tax offset…
SMSF & Investment
Concessional super contributions 2021

Reminder about EOFY superannuation concessional contributions

Anyone who hasn't contributed the full $25,000 in concessional…
Super Guarantee amnesty for employers

Super guarantee amnesty helps employers with unpaid SG liabilities for a strictly limited time

The super guarantee (SG) amnesty, introduced by the government…
Australian expats lose capital gains tax exemptions

Australian expats lose capital gains tax exemptions

From 30 June 2020, Australian property owners living overseas…
Bushfire support package for small businesses

Government support package for small businesses impacted by bushfire crisis

On 20 January 2020, the Australian Government announced a comprehensive…
Taxation
How to claim your home office costs

How to claim your home office costs

Many more people are working from home in response to COVID-19,…
JobKeeper payments to help businesses and support employees

JobKeeper payments to help businesses retain and support employees through this challenging time

On 30 March 2020, the Australian Government published a fact…
The importance of small business compliance for small business owners

The importance of wages compliance for small business owners

Media reports of wages underpayments by high-profile employers…
Directors can be liable for GST as well as PAYG and SGC under extended DPN regime

Directors can be liable for GST as well as PAYG and SGC under extended DPN regime

The DPN (Director Penalty Notice) regime was extended by legislation…