by Petta Yencken & Company | 20 Jan 2021 | Uncategorized
As of January 2 2021, Jobkeeper Extension 2 has commenced and will continue until the end of March 2021. You must re test to prove a 30% reduction in your turnover in the December 2020 quarter, compared to December 2019 quarter. If your turnover has declined, you may...
by Petta Yencken & Company | 20 Aug 2020 | Uncategorized
There are changes to the Jobkeeper for when you employee new staff between 1 March 2020 and 1 July 2020. This includes a new Jobkeeper Employee Nomination Form. Please check out the short summarisation of the changes and the new Employee Nomination Form Jobkeeper July...
by Petta Yencken & Company | 24 Jun 2020 | Taxation
Please find our Year End Checklist to assist with collating your information for the preparation and lodgment of your tax return. Year End Circular and checklist 2020
by Petta Yencken & Company | 23 Apr 2020 | Uncategorized
Jobkeeper Assistance Procedure As we all try to negotiate the ever changing circumstances under Covid19 conditions and in Governments Jobkeeper Assistance, below is a summary of the requirements and the steps that are required to be taken. Note, that this is a general...
by Petta Yencken & Company | 8 Apr 2020 | Uncategorized
The ATO has announced a temporary simplified short cut method to claiming home office running costs while working from home due to Covid19. The link below explains how it will work for the period 1 March 2020 to 30 June 2020. It is important to note that it is an ALL...
by Petta Yencken & Company | 24 Mar 2020 | Uncategorized
Please click on the link to view a summary of the Government measures Coronavirus special update
by Petta Yencken & Company | 23 Jan 2020 | Uncategorized
Single Touch Payroll is Compulsory for all employers. Ensure you are compliant. Importantly your obligation is to report employees’ pay EVERY time you pay them. View the ATO Checklist for more information Single Touch Payrol. ATO Checklist
by Petta Yencken & Company | 20 Mar 2019 | Uncategorized
MyLeave: Construction Industry Long Service Leave Scheme The Scheme is to allow employees in the Construction industry access to a portable Long Service Leave scheme, funded by a Compulsory Levy on Employers. If you are an employer who employs workers in the...
by Petta Yencken & Company | 17 May 2018 | Taxation
Below are highlights from the 2018 Federal Budget. Though the reforms are still to pass into Law, there are some points that may have an effect on your tax position in the coming years: Small Business concession of the immediate write off of Eligible Assets costing...
by Petta Yencken & Company | 9 Feb 2018 | Taxation
THE SHARE ECONOMY – ie: AIRBNB As the Sharing Economy continues to grow, there is a growing attraction to rent out one of your bedrooms for short term stays. It is important to understand the implications of such an arrangement and the importance of keeping...
