Sale of Practice

23 August 2021 Dear Clients of Petta Yencken & Co, Firstly, I would like congratulate Ron as he moves into retirement, but also thank him for continuing with the practice during this transition period. As the new proprietor, I would like to take this opportunity...

JOBKEEPER EXTENSION 2

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...

Jobkeeper Payment Procedure

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...

Single Touch Payroll

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

2018 Budget Breakdown

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...