New laws target sharing economy platforms

New laws target sharing economy platforms

In an attempt to reign in undeclared income, proposed new laws will require platform providers in the sharing economy to report all transactions through their platforms. Traditional employment models have shifted in favour of more flexible options including...
Business in a post pandemic environment

Business in a post pandemic environment

Countries that have experienced the worst of the pandemic give Australian businesses an insight into what to expect in a post-lockdown environment. Australia, like New Zealand, has managed COVID-19 on an elimination basis. That is, lockdowns and border closures to...
Lock-downs: What help is available

Lock-downs: What help is available

The highly infectious Delta COVID variant is triggering lock-downs across the country. I look at what help is available and how you can get it.  For you COVID-19 disaster payment The COVID-19 disaster payment is available to eligible workers who can’t attend work...
Am I taxed on an insurance payout?

Am I taxed on an insurance payout?

Australia has had its fair share of disasters over the last few years – drought, bushfires and floods – that have ramped up the volume of insurance claims. Most people would assume that if and when they need to claim on their insurance, the insurance payout covers the...
Hang onto your socks! The ATO’s home office crackdown

Hang onto your socks! The ATO’s home office crackdown

If you worked from home during lockdown and spent money on work related items that were not reimbursed by your business, you might be able to claim some of these expenses as a deduction – but not everything you purchase can be claimed. The ATO has stated that it is...
Super guarantee increase headlines 1 July changes

Super guarantee increase headlines 1 July changes

Super guarantee rate increases to 10% On 1 July 2021, the Superannuation Guarantee (SG) rate will rise from 9.5% to 10% – the first rise since 2014. It will then steadily increase each year until it reaches 12% on 1 July 2025. The 0.5% increase does not mean...