On Tuesday the 11th of May, Treasurer Josh Frydenberg handed down the 2021-22 Federal Budget. The 2021-22 Federal Budget is a balancing act between continuing to support the COVID-19 recovery in the short-term and the long-term objective of budget repair. Key initiatives include: Extension of temporary full expensing for asset purchases and company loss-carry back …
Tag: hotel bookkeepers
Making Your Home Loan Fit You
When considering a home loan, the first and often only comparisons made by most borrowers are the interest rate and fees charged. Home loans come with so many options that it is worthwhile taking a look at the features of each loan to see which one suits your specific needs. Offset account – the ability …
Markets Rally on Positive Vaccine News
Equity markets had been in a holding pattern but have rallied strongly in November on the back of good vaccine trial data. Both Pfizer and Moderna announced that their vaccines were around 95% effective in preventing COVID-19. These results were well ahead of expectations and have fuelled equity market rallies. The expectation is that these …
Super Boost in 2021?
COVID-19 might put a spanner in the works for the ongoing super guarantee (SG) increase, which was slated to increase from 9.5% to 10% on 1 July 2021. The super guarantee is the minimum amount of your earnings that your employer, or you if you are self-employed, has to contribute to your superannuation. The idea …
Life After Covid-19
McCrindle Research recently produced a report examining the impact of this year on savings capacity, and what Australians planned to do with those savings. 6% of Australian saved significantly more this year while 12% saved somewhat more. 23% saved slightly more and 32% saved the same. 16% spent slightly more while 7% spent somewhat more. …
Federal Budget 2020/2021
Last night the Treasurer Josh Frydenberg, delivered the Federal Budget. The first Federal Budget handed down in a recession in almost 30 years. With the COVID-19 pandemic wreaking havoc in the Australian economy, the budget deficit is forecast to reach $213.7 billion this year with net debt anticipated to hit $703 billion. Whilst there is …
Victorian Business Support Package Announcement
On Sunday the 13th of September, Premier Daniel Andrews announced a $3b package to support Victorian businesses impacted by the ongoing Coronavirus restrictions. The funding will include a third round of the Business Support Fund available to businesses that: Operate a business located within Victoria; Participate in the JobKeeper Scheme; Employ staff and are registered …
Sky Update – June 2020
In this Sky Update, we bring you all the latest tax news along with some other items that may pique your interest.
Sky Accountants named as a finalist in the Australian Accounting Awards
Sky Accountants has been named as a finalist in the Australian Accounting Awards for the Innovator of the Year Award.
Sky Update – May 2020
In this Sky Update, we bring you all the latest tax news along with some other items that may pique your interest.
