COVID-19 Stimulus Package 2

COVID-19 Stimulus Package 2

At Business Backup we are committed to ensuring that all of our clients are provided with timely and useful information, especially now with the impact of the Coronavirus pandemic. Below is a summary of the stimulus package released by the Government on Sunday....
COVID-19 Stimulus Package 2

COVID-19 Stimulus Package 1

  What the Australian government’s $17 billion Coronavirus stimulus package means for you. The federal government has announced a $17.6 billion economic stimulus package, equivalent to 0.9% of GDP. The package is “front loaded” to ensure as much money as...
False GST Registration Claims

False GST Registration Claims

Most of us will be aware of the no ABN withholding rule, whereby if a supplier does not quote their ABN on an invoice then: If the price includes GST, you cannot claim the GST credit for that supply, and If the total payment for the goods or services is more than $75...
Superannuation Rate Frozen

Superannuation Rate Frozen

The Government will follow through on its pre-election announcement to freeze the current 9.25% Superannuation Guarantee for a further two and a half years. Under the current law which was introduced by the former Labor Government, the Superannuation Guarantee rate...
Changes to Income Tax Assessment

Changes to Income Tax Assessment

We will all no doubt feel a little better about paying our taxes from the 2014 financial year onwards. Joe Hockey has announced changes to the tax assessment to do two things: Tell you where your hard earned taxes went. Thank-you for paying your tax for the year. From...