by mca-admin | Jun 8, 2021 | Business Advisory, Mark Calleja Accounting
GOOD NEWS FOR RETIREES – FOR A CHANGE! Each financial year, the government requires you to withdraw a certain amount from your pension – this is called your minimum income amount. As part of the response to the coronavirus pandemic, on 22 March 2020, the federal...
by mca-admin | May 24, 2021 | Business Advisory, Mark Calleja Accounting
From 1 July 2021, the Superannuation Guarantee Charge rate will increase to 10%. It will further increase by half a per cent each year for the next four years to 12% in the 2026 financial year. HOW DOES THIS AFFECT THE BUSINESS OWNER? CASH FLOW The business owner has...
by mca-admin | May 13, 2021 | Business Advisory, Mark Calleja Accounting
2021 BUDGET IMPLICATIONS FOR INCOME TAX As expected, the 2021 budget announcement did not offer too many income tax changes after the Covid budget of last year. The main changes that will affect individuals and businesses are set out below: Individuals Low and Middle...
by mca-admin | Feb 10, 2021 | Business Advisory
The JobMaker Hiring Credit Scheme is an initiative by the Federal Government for employers to employ people that received the following Government Assistance: These are those who commenced employment between 7 October 2020 and 6 October 2021; were aged between 16 and...
by mca-admin | Feb 3, 2021 | Business Advisory
We all say time goes by so quickly, and we find ourselves one month down in 2021. Many make New Year’s Resolutions and many have either forgotten what they were or have stopped chasing the goal. There are many reasons that these goals go missing: Did you write them...
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