Y Partners
Changes to Single Touch Payroll - STP Phase 2
Single Touch Payroll (STP) reporting has been expanded, with employers required to report more information to the ATO.
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Blog
The Y Partners Adelaide Blog features important news and advice regarding the ATO, tax, accounting, financial planning and bookkeeping. We offer expert holistic services in accounting, financial planning and bookkeeping.
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Y Partners
Jun 3, 20223 min read
Is your business liable for fringe benefits tax?
Is your business liable for fringe benefits tax? Do you provide a benefit to an employee?
Y Partners
Feb 11, 20222 min read
What is 'Division 293 tax'?
Division 293 tax applies to higher-income individual taxpayers - it is an additional tax of 15% on your concessional super contributions.
Y Partners
Feb 4, 20222 min read
SA Business Grants: Additional
The SA Government has released additional grants to support businesses during the current Covid-19 outbreak. | Adelaide Accountant
Y Partners
Jan 14, 20223 min read
SA Business Grants: COVID-19
As a result of the current COVID-19 outbreak, the SA government introduced a support package, comprising of several grants.
Y Partners
Jun 18, 20212 min read
FBT: Do you provide car parking for employees?
If you provide car parking for your employees, you may have to pay fringe benefits tax (FBT) on those benefits. A car parking fringe...
Y Partners
Jun 18, 20212 min read
Tax depreciation incentives to help businesses recover
In 2020, the Government introduced tax depreciation incentives to help businesses recover from the impact of the COVID-19 pandemic.
Y Partners
Apr 23, 20214 min read
Do you operate your business through a company or trust? Be aware of the PSI rules
It is fairly common for professionals, such as IT specialists, engineers and business consultants, to operate their business through a...
Y Partners
Apr 22, 20214 min read
FBT issues
New FBT thresholds and rates for 2021-22 The ATO has released new thresholds and rates for the 2021–22 fringe benefits tax (FBT) year...
Y Partners
Apr 22, 20214 min read
COVID-19 Measures: How your business might be affected
JobKeeper scheme: The JobKeeper scheme ended on 28 March 2021. Your business does not have to do anything, but it will need to complete...
Y Partners
Feb 9, 20212 min read
ATO Data-Matching
The ATO engages in data-matching which enables them to identify potential tax evasion, fraud and non-compliance by individuals and business.
Y Partners
Feb 9, 20213 min read
JobMaker Hiring Credit
The JobMaker Hiring Credit scheme (“JobMaker”) is a new government incentive in response to the COVID-19 economic crisis.
Y Partners
Dec 17, 20203 min read
The second JobKeeper extension
The second JobKeeper extension will begin on the 4th of January 2021. This second extension runs until the 28th of March 2021, there are...
Y Partners
Nov 13, 20201 min read
Changes to personal income tax rates
As part of the 2021 federal budget, the Government introduced personal income tax cuts. The new resident tax rates are as follows: Visit...
Y Partners
Nov 13, 20205 min read
Claiming work-related car expenses
If you use your own car for work purposes (this may be a car you own, lease or hire under a hire-purchase agreement), you can claim a...
Y Partners
Nov 13, 20202 min read
Round 2: SA Small Business Grants
The SA Government has announced a second round of the Small Business Grants. This round is only available to businesses in receipt of...
Y Partners
Nov 6, 20203 min read
JobKeeper payments, Tier 1 or Tier 2?
The below information is current as at 17th Dec 2020. For the JobKeeper extension periods, businesses must calculate the hours worked by...
Y Partners
Sep 21, 20206 min read
JobKeeper Extension - Eligibility and Payment Rates
The Government has now confirmed the changes to JobKeeper, in relation to the extension of the scheme post-Septembe
Y Partners
Sep 2, 20202 min read
Has your business made a tax loss?
This has been a difficult year, and your business may have made a tax loss. A tax loss is when the total deductions you can claim, excluding
Y Partners
Sep 2, 20204 min read
Tax changes for 2019-20
Some of the 2019-20 tax changes for small businesses include: Instant asset write-off, accelerated depreciation.
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