Arabon Accountants

Arabon Accountants change to employee super

Super stapling: Key change to employer obligations for employee superannuation

From 1 November 2021, there will be a key change to employer obligations for employee superannuation when setting up a new employee’s super fund.  If a new employee doesn’t specify a super fund, there will be an extra step to ensure they comply with government requirements. What is the change?   If a new employee does not specify […]

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Queensland Government round 3 small business grants – updated

The Department of Employment, Small Business and Training administers grants and programs to help Queensland small business continue to recover, grow and thrive by committing grant funds for businesses to increase key capabilities, embrace innovation and assist high-growth businesses to capitalise on opportunities.  Round 3 of the small business basics grants program opens on Wednesday 4

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Director Penalty Notices: what are they and what happens if you receive one?

While the ATO put most overdue tax collection on hold during the COVID-19 pandemic, it has recently recommenced some debt collection activity. This includes the issuing of Director Penalty Notices (DPN).  This article explores Director Penalty Notices and what happens if you receive one. Directors become personally liable for a penalty equal to the value

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Australian Federal Budget 2022/23: the wins for small business

The Federal Treasurer Josh Frydenberg handed down the 2022–23 Federal Budget on 29 March 2022. In an economy emerging from the pandemic, the Treasurer confirmed an unemployment rate of 4% and an expected budget deficit of $78 billion for 2022–23.  As international uncertainties add pressure on the cost of living, key measures in the budget

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Two important changes to superannuation from 1 July 2022

Two important changes to superannuation will apply from 1 July 2022. As a business owner, it is important that you understand what these are, what they mean for your business and what actions you need to take. Super Guarantee rate will increase from 10% to 10.5% As a business owner, you usually need to pay

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Top tax tips for businesses and individuals to prepare for your 2022 tax return

With the end of financial year only a month away, it is time to get your tax affairs in order and be aware of what opportunities may be available to maximise your tax deductions for the 2021-22 financial year.  In this article, we highlight some of our top tax tips for businesses and individuals to

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