Yearly Archives: 2021

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Rogers Lean September 2021 Monthly Newsletter

This issue contains the following articles:

How to treat work-related travel and living away from home costs;
SMSFs and property development – emerging risks;
Claiming GST credits for employee reimbursements;
Buying a new house before selling the old one;
Trust distributions to non-residents; and
‘Stapling super’ – reducing multiple accounts for employees.

Please contact us for […]

September 9th, 2021|

Rogers Lean August 2021 Monthly Newsletter

With reforms to superannuation – including for SMSFs – on the horizon, our leading article covers what’s coming, including more accountability for funds and flexibility for super holders.

We’ve got two articles to help you understand how trusts work: ‘Trust distributions’ goes through the different roles involved in a trust, while ‘Trust losses’ explains what constitutes […]

August 6th, 2021|

NSW Lockdown Support FAQ

The NSW and Federal Governments are reacting and providing support for business and individuals who’s income has been affected by the recent lockdown measures.

Please find below the latest summary:

NSW Revenue Grants

NSW Business Grant

Downturn must be greater 30% and is calculated on downturn of cash income (money that hit your bank account), unless you […]

July 29th, 2021|

NSW Lockdown Support

NSW Revenue has finally released details on the eligibility criteria and process for applying for various grants to help you and your business during the July 2021 COVID Lockdown.

ALL NSW REVENUE SUPPORT MUST BE APPLIED FOR THROUGH SERVICE NSW.  PLEASE ESTABLISH AN ACCOUNT AND LINK YOUR BUSINESS.

Please follow the below links for more information:

NSW Revenue […]

July 19th, 2021|

Rogers Lean July 2021 Monthly Newsletter

The ATO has seen a lot of mistakes being made on business tax returns over the years, but has kept a record of these so we can all learn from other people’s errors. Laundry expenses can be a legitimate tax deduction, but claims need to follow certain rules, which we sketch out.

Every SMSF will come […]

July 7th, 2021|

Rogers Lean June 2021 Monthly Newsletter

Bitcoin and cryptocurrencies have had a bit of a resurgence, which may even have something to do with the pandemic. But the implications for your tax outcomes is something even the ATO is wary about.

We also look at “personal services income” and the ATO’s refreshed guidance, the qualifications that are expected for SMSF trustees, and […]

June 1st, 2021|

Rogers Lean Budget Update

Tuesday 11 May 2021 saw another Federal Budget announced.

ROGERSLEAN-Budget-2021

May 13th, 2021|

Rogers Lean May 2021 Monthly Newsletter

It’s getting very close to the business end of the financial year, so we have gathered some tax planning tips that could set you up for a better tax outcome. And as that outcome can be ruined by having to deal with an excess super contribution charge, we look at how best to avoid it.

The […]

May 13th, 2021|

Rogers Lean April 2021 Monthly Newsletter

When it comes to selling property and CGT liabilities, the timing of the transaction can be more important than many expect. We also look at the fact that not every type of income is taxed, with some money escaping tax altogether.

There are new insolvency reforms that could help some small businesses in their climb out […]

April 5th, 2021|

Rogers Lean March 2021 Monthly Newsletter

Government agencies sometimes use ABN registration to contact businesses for emergency help or even grants of support, so it’s important to keep your business’s ABN details current. And the perennial problem of dealing with cash flow gets some advisory help from the ATO.

A new Director Identification Number regime is something companies may need to get […]

March 1st, 2021|