Client Alert - December 2021

 

During this extended lockdown period, we’re here to support you.

Rest assured our team is here working our normal business hours and ready to help you navigate this challenging time.

We will continue to keep you informed.

ATO compliance: economic stimulus

Businesses that have accessed government economic stimulus measures need to take extra care with increased ATO scrutiny expected this tax time.

 

Private health insurance rebates frozen

The income thresholds for the private health insurance incentive have not been indexed to keep pace with inflation since the 2014–2015 income year.

 

Personal use assets and collectables in SMSFs

Would you like to hold a wine collection, artworks, or a classic car in your SMSF? It’s possible if you follow some strict rules.

 

NSW COVID assistance package

Workers and businesses impacted by the extended lockdown in NSW are set to receive extra financial support from next week.

Are you eligible and how much support is available?