The JobKeeper subsidy has progressed beyond the rush for eligibility and entered its second phase: compliance. Late last month, the Australian Taxation Office (ATO) released guidance highlighting where the regulator will focus its compliance resources.…
The coming end of financial year reporting period will be the first period that many entities will be applying the new accounting standards in relation to revenue recognition and leases in their financial statements. These…
This month we (remotely) caught up with PPT Audit Supervisor Ash Richardson. Born and bred in Cohuna, Ash moved to Ballarat to study at Federation University in 2012. At University, Ash studied Commerce, majoring in…
Local and international markets have marked time in recent weeks as investors wait to see how the coronavirus outbreak will develop and what its ultimate impact will be. On the plus side, with supportive economic…
With the increased numbers of taxpayers working from home due to COVID-19, the ATO has released specific guidance softening the rules around claiming deductions for home office expenses, including a ‘shortcut’ set rate method. Firstly,…
The Government has announced grants of $25,000 to encourage people to build a new home or substantially renovate their existing home. The HomeBuilder scheme targets the residential construction market by providing tax-free grants of $25,000…
While the COVID-19 crisis is far from over, it appears we are entering a new phase as governments around the world look to ease the stifling restrictions that have been placed on their economies. There…
The global health crisis has impacted economies around the world. In response to this, our Federal and State Governments has announced stimulus measures to assist individuals, families and businesses throughout the crisis. Major banks and…
In the last few months, we have watched financial markets fall as the global economy responds to the COVID-19 health emergency. Share markets both here, and the US, have fallen by approximately 30%, which has…
As the COVID-19 outbreak continues to dominate headlines, investors are forced to grapple with a new normal amid social distancing and self-quarantine recommendations. We know this is an extremely difficult time for many clients and…
