Tax Tips

  FAMILY ASSISTANCE PAYMENTS

The ATO has reminded individuals receiving Child Care Subsidy and Family Tax Benefit payments from Services Australia that they and their partners must lodge their 2019/20 Individual Tax Returns by 30 June 2021. Lodgement deferral with the ATO does not alter this requirement. If tax returns are not lodged by 30/06/2021: - Clients receiving Child Care Subsidy may lose their ongoing entitlement and/or receive a debt from Services Australia and have to repay the amount received in the 2019/20 financial year; and - Clients receiving Family Tax Benefit may miss out on additional payments, may also receive a debt from Services Australia and/or may have their fortnightly payments stopped.

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Estate Planning

Every business has a life cycle. We can assist in planning for succession which include invaluable taxation and commercial advice along with the process