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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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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.
Y Partners
Jun 14, 20221 min read
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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
Jun 3, 20223 min read
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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 11, 20222 min read
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SA Business Grants: Additional
The SA Government has released additional grants to support businesses during the current Covid-19 outbreak. | Adelaide Accountant
Y Partners
Feb 4, 20222 min read
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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
Jan 14, 20223 min read
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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
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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
Jun 18, 20212 min read
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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 23, 20214 min read
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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
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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
Apr 22, 20214 min read
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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, 20212 min read
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JobMaker Hiring Credit
The JobMaker Hiring Credit scheme (“JobMaker”) is a new government incentive in response to the COVID-19 economic crisis.
Y Partners
Feb 9, 20213 min read
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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
Dec 17, 20203 min read
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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, 20201 min read
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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, 20205 min read
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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 13, 20202 min read
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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
Nov 6, 20203 min read
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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 21, 20206 min read
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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, 20202 min read
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Tax changes for 2019-20
Some of the 2019-20 tax changes for small businesses include: Instant asset write-off, accelerated depreciation.
Y Partners
Sep 2, 20204 min read
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