Federal Budget 2022
Released on 29 March 2022, the Federal Budget is a pre-election Budget aimed primarily at cost of living, growth and employment.
Entries by synecticgroup
Welcome Claire Smith, Senior Consultant
Synectic are excited to introduce Claire Smith, who joined our Business Advisory and Consulting team in November. Claire specialises in business performance advice, management consulting, risk & governance, and internal audit. Claire is an experienced senior executive and accountant with almost 20 years’ experience across the private and public sectors, including almost seven years with […]
Welcome PJ Cameron, Financial Adviser
Synectic are thrilled to introduce Financial Adviser Peter-James (PJ) Cameron, who joined our Synectic Wealth team last October. PJ provides proactive, strategic advice to help you invest with confidence, structure your affairs intelligently, and get the most out of your unique circumstances. Previously based in Sydney, PJ moved to Launceston with his young family in […]
Director identification numbers
The director identification number (DIN or director ID) system commenced on 1 November 2021. All directors need to apply for a DIN and existing directors should start preparing their applications now. DIN is the first service to be delivered by the new Australia Business Registry Services (ABRS). ABRS is a new platform which (between now […]
Keeping a vehicle log book
When claiming work-related car expenses, many people miss maximising their claim due to poor record keeping. Inadequate records can also cost dearly if you are audited by the Australian Tax Office (ATO).
5 tips to avoid FBT on your staff Christmas gifts and work party
Christmas will be here in a moment and many employers will be thinking about recognising their team’s efforts throughout the year. You may already have plans in place, but have you thought about how to manage tax and Christmas gift giving? Feel free to celebrate, but make sure you don’t get stung with unexpected taxes. […]
Federal Budget 2020-21 update
Released at 7:30pm on 6 October 2020, the Federal Budget 2020-21 was delayed as a result of Australia’s – indeed the world’s – attention being diverted to managing the COVID-19 pandemic. As a result, the Budget is all about stimulus an support.
JobKeeper extension
The JobKeeper scheme has been extended from 28 September 2020 until 28 March 2021. The extension applies over two separate extension periods: Extension 1: from 28 September 2020 to 3 January 2021 Extension 2: from 4 January 2021 to 28 March 2021 For each extension period, an additional actual decline in turnover test applies and the rate […]
Important Updates to Job Keeper 1.0 & 2.0
Changes to JobKeeper eligibility rules, announced on 14th August, mean we now need to revisit JobKeeper 1.0 to ensure your business stays eligible and to maximise your JobKeeper entitlements. Indeed, the changes may result in increased JobKeeper 1.0 payments for some businesses. The government has also announced a relaxation of eligibility criteria for JobKeeper 2.0.
COVID-19 Important Updates
As we continue to adapt to life with the coronavirus, the one certainty is how rapidly things can change, and predicting how the next six months unfolds would be anyone’s guess. Despite the uncertainty, both Federal and State governments continue to do all they can to assist businesses and the economy to respond accordingly.
Accreditation
