Butlers Blog

We are right among some serious times for Business not only in Australia but globally, Three weeks ago was the Savage Setback, this week we are into Survival not Guaranteed times.

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These are unprecedented times and I am not in a position to make a forecast on the length of time of the virus impact and the longer term economic effect. What we can be certain of is this. It will have economic effect. With markets like the stock m...

This week the Australian Government released its economic response to the coronavirus (COVID-19). Part of this includes some very good concessions for businesses through the ATO. 1. Tax Incentives for  Business Investment - Instant Asset Writeo...

If your business has been affected by the coronavirus (COVID-19), you may be able to apply for a relief package to defer lodging and paying payroll tax returns until 31 July 2020. Eligibility You may be eligible for the relief package if: ...

The ATO has launched a new text message alert service from February 2020 for SMSF Trustees. These messages are legitimate and real and are not scams.  The ATO has advised these messages are now in place to safeguard your retirement savings and ...

Directors will have a personal obligation to ensure that the companies they run either pay their GST debts or are placed into liquidation.  If this does not occur then the ATO can issue Director Penalty Notices to make the directors personally l...

 ASIC have released a fact sheet comparison between Self Managed Superfunds and Industry funds. Some key points: Generally, SMSF's with balances under $500,000, on average,  have lower returns after expenses and tax compared to industry an...

On 18 September 2019, the Government introduced the Treasury Laws Amendment (Recovering Unpaid Superannuation) Bill 2019 (the Bill), which allows non-complying employers to self-correct any unpaid superannuation guarantee (SG) amounts...

The ATO has announced a two-month lodgement and payment deferral to taxpayers affected by recent bushfires across the east coast. ATO acting deputy commissioner Andrew Watson said that people affected by the fires should focus on getting thei...