by Mark Calleja | Jul 1, 2022 | Business Advisory, Mark Calleja Accounting
HAPPY NEW YEAR 2023 As the 2022 financial year has come to a close, I thought I would welcome you with some relevant changes that will affect the majority of my client base for 2023. Before starting with the tax changes, I do not have that elusive crystal ball that...
by Mark Calleja | Mar 30, 2022 | Business Advisory, Mark Calleja Accounting
Well if you did not know there was an election coming, you certainly do now after the budget. The main changes that will affect individuals and businesses are set out below: INDIVIDUALS Low and Middle Income Tax Offset The low and middle income tax offset will be...
by Mark Calleja | Mar 15, 2022 | Mark Calleja Accounting
In the last few weeks the ATO has issued a new Draft Ruling that focuses on Trust Distributions. Essentially they are trying to reduce who you can issue Trust Distributions to so they get the taxpayer paying more tax. The result is that family groups will need to...
by Mark Calleja | Feb 2, 2022 | Business Advisory, Mark Calleja Accounting
The NSW Government announced a financial support package to assist businesses that have been affected by the Omicron Wave. Below is a summary of the package. To apply for these payments, applications should be made through Service NSW from Mid February. KEY FACTS ·...
by Mark Calleja | Jul 30, 2021 | Business Advisory, Mark Calleja Accounting
Again, we have seen the situation decline, which has led to an update of the Government Grants on offer. Below I have updated the changes in the table sent out two weeks ago, all changes in bold. Economic support measureSummary of Government assistanceNSW 2021...
by Mark Calleja | Jul 19, 2021 | Business Advisory, Mark Calleja Accounting
First and foremost, I hope this email finds you well, and all are safe. I understand that this is a trying time for not just yourself and your family but also those in businesses affected. When we thought normality set in, we are back to where we started. At...
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