Y Partners
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.
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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Y Partners
- Feb 3
- 2 min
SA Business Grants: Additional
The SA Government has released additional grants to support businesses during the current Covid-19 outbreak. | Adelaide Accountant
Y Partners
- Jan 14
- 3 min
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
- Jun 18, 2021
- 2 min
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, 2021
- 2 min
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
- Apr 22, 2021
- 4 min
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 22, 2021
- 4 min
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, 2021
- 4 min
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
- Feb 9, 2021
- 2 min
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, 2021
- 3 min
JobMaker Hiring Credit
The JobMaker Hiring Credit scheme (“JobMaker”) is a new government incentive in response to the COVID-19 economic crisis.
Y Partners
- Dec 17, 2020
- 3 min
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
- Nov 13, 2020
- 1 min
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, 2020
- 5 min
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, 2020
- 2 min
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 5, 2020
- 3 min
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
- Sep 20, 2020
- 6 min
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 2, 2020
- 2 min
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, 2020
- 4 min
Tax changes for 2019-20
Some of the 2019-20 tax changes for small businesses include: Instant asset write-off, accelerated depreciation.
Y Partners
- Aug 26, 2020
- 3 min
Tax-smart tips for your investment property
Being tax-smart when investing in property means more than making the right property choices.
Y Partners
- Aug 19, 2020
- 3 min
Changes to JobKeeper - employees
The Government has legislated changes to the existing JobKeeper scheme in relation to new employees now being eligible to receive payments.
