Federal Budget 2022-23
The 2022-23 Federal Budget released last night was mostly as expected – a budget designed to avoid rocking the boat in an election year! We have summarised the key changes that may impact our clients below: Superannuation Income Stream – minimum drawdown requirements The government has extended the 50% reduction in the minimum drawdown requirements […]
NSW Flood Support Programs Currently Available
Once again, our community is suffering from the effects of yet another disaster. The government has stepped in to provide some much-needed support. To help you, we have summarised the support programs currently available for those affected by the floods in NSW. Northern NSW Floods, February 2022 – Australian Government Disaster Recovery Payment The Federal […]
2022 Small Business Support Program
In addition to our newsletter article on 07.02.22, the applications for the 2022 Small Business Support Program are now open. To apply – click here. If you need any assistance with the eligibility criteria or your application, please contact us. – Jamie Newling Posted 18.02.2022 This article is compiled as a helpful guide for your […]
New Support Packages for Small Businesses
NSW Support Package for Businesses announced by Press Release 30 January 2022 With the recent rise of the Omicron COVID-19 strain, comes a further set of Government incentives to help your business for the month of February. Applications are not yet open and the Incentives are different to the previous incentives. 2022 Small Business Support […]
Fundraising Frustration?
We all love to raise money for a charity we are passionate about; but sometimes navigating the legal and reporting obligations of fundraising can be frustrating. Our team has researched the current fundraising regulations so you don’t have to! Currently in NSW …. If you conduct a fundraising appeal for a charitable purpose, you must […]
Changes to STP From 1 January 2022 – Phase 2
The ATO is expanding “Single Touch Payroll” (STP) to include additional information in your payroll reporting. This expansion (also known as STP Phase 2) starts on 1 January 2022. The additional information will be shared in near real-time with Services Australia. Key Changes: STP will now report more detail to the ATO, such as employment […]
HQB’s New 2022 Graduation Program!
We are excited to announce the opening of our new annual Graduate intake at HQB! This is an amazing opportunity to be part of a dynamic and vibrant team, working across all branches of accounting – including tax, audit and superannuation! We offer ongoing professional development and training so that you can continue to build […]
Attention all Company Directors – Everything you need to know about NEW Director Identification Numbers
From 1 November 2021, a new legislation was introduced that requires all company directors to obtain an identification number, known as a Director Identification Number, Director ID or DIN. The purpose of introducing DINs is to prevent the use of fictitious director identities, assist regulators trace directors’ relationships with companies and better identify directors involved […]
Applying for a Director ID using the Phone Application
Applying for a Director ID using the Phone Application Before starting, have the following items ready: your tax file number (TFN) your full name your date of birth your residential address as held by the ATO two Australian identity documents – one primary and one secondary Primary documents Australian full birth certificate Australian passport Australian […]
Applying for a Director ID using the Online Application
Applying for a Director ID using the Online Application Notes: Only use the online application method if you already have a myGovID setup Further, your myGovID needs have the highest identity strength for the online application Before starting, have the following items ready: your tax file number (TFN) your residential address as held by the […]