The Latest News

Super is now following new employees   The ATO is reminding employers that, as of 1 November 2021, there is an extra step they may need to take to comply with the choice of super fund rules.
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Border reopening for eligible visa holders   It was announced on 22nd November that Australian borders will reopen on 1 December 2021 to allow travel to Australia without the requirement for travel exemptions for eligible visa holders. Other requirements for Australian Travel declarations and pre flight COVID testing will continue.
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Preparing for the new Director ID regime   As part of its Digital Business Plan, the Government announced the full implementation of the ‘Modernising Business Registers’ program. 
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  From November 2021, directors of Australian companies will be required to apply for and verify their identity to register for a Director Identification Number (DIN). A DIN is a 15-digit identifier issued to a current or prospective director after they have verified their identity with Australian Business Registry Services (ABRS). Once a DIN is…
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New Agricultural Worker Visa   This new visa stream will be available to sponsored applicants who wish to participate in the Australian Agricultural Worker Program (AAWP) and will provide a visa for workers for the primary industry sectors, including horticulture, dairy, wool, grains, meat processing, fisheries and forestry.
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Extra super step when hiring new employees   Employers may soon need to do something extra when a new employee starts to work for them.
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PACIFIC AUSTRALIA LABOUR MOBILITY SCHEME CHANGES   The government recently announced changes to the above scheme, including:
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Extending administrative relief for companies to use technology   The Government has passed legislation renewing the temporary relief that allows companies to use technology to meet regulatory requirements under the Corporations Act 2001
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OVERVIEW OF RECENT STATE AND TERRITORY VISA CHANGES   New South Wales Nominations for the Skilled Work Regional (Provisional) Subclass 491 made through NSW will now be nu invitation only. Consequently, a new nomination application process has been devised:
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Reminder of superannuation caps indexation for 2022   From 1 July 2021, the superannuation contributions caps have been indexed for the 2022 income year.
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Seasons Greetings to all our Visa Newsletter readers. Wishing you a relaxing and joyous Christmas and New Year break.     TRAVEL EXEMPTIONS As the COVID pandemic continues to evolve, the situation regarding travel exemptions, is also undergoing changes. The Departmental position regarding travel exemptions for certain visas, and Bridging visas has been further clarified.
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Super guarantee opt-out for high income earners now law From 1 January 2020, eligible individuals with multiple employers can apply to opt out of receiving super guarantee (‘SG’) from some of their employers, to help them avoid unintentionally going over the concessional contributions cap.
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$30,000 instant asset write-off The ATO is reminding businesses that are looking to expand or improve their business and thinking of buying new or second hand assets, that medium sized businesses with a turnover up to $50 million (but at least $10 million) are eligible for the instant asset write-off.
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“Outrageous” deductions rejected The ATO has published some of the most unusual claims that they disallowed last financial year.
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Tax cuts become law The Government has announced that more than 10 million Australians will receive immediate tax relief following the passage of legislation through the Parliament, which increases the top threshold for the 19% tax rate from $41,000 to $45,000 and increases the low income tax offset from $645 to $700 in 2022/23.
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‘Cash in hand’ payments to workers no longer tax deductible The ATO has reminded employers that any ‘cash in hand’ payments made to workers from 1 July 2019 will not be tax deductible. ‘Cash in hand’ refers to cash payments to employees that do not comply with pay as you go (‘PAYG’) withholding obligations.
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Many of our business clients like to review their tax position at the end of the income year and evaluate any year-end strategies that may be available to legitimately reduce their tax.   Traditionally, year-end tax planning for small businesses is based around two simple concepts – i.e., accelerating business deductions and deferring income.
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Tax saving strategies prior to 1 July 2019 A good strategy to reduce tax payable is normally to accelerate any income tax deductions into the current income year, which will reduce overall taxable income in the current year. The tax rates for resident (adult) individual taxpayers for the 2018/19 income year are as follows:
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Single Touch Payroll Update Employers with 19 or fewer employees are required to start reporting through Single Touch Payroll (‘STP’) from 1 July 2019. The ATO will be working with employers to support them as they transition to STP, including allowing small employers to start reporting any time from 1 July to 30 September (and…
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