HFB will keep you up-to-date as information unfolds…

The ‘Backpacker Tax’ and the High Court

The High Court has ruled that the ‘backpacker tax’ is discriminatory. We look at the impact. Since 2017, the ‘backpacker tax’ has taxed the first dollar of income a backpacker earns in Australia - regardless of their residency status - at the working holiday maker tax...

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The top Christmas Tax Questions

Every year, we are asked about the tax impact of various Christmas or holiday related gestures. Here are our top issues:   Staff gifts The key to Christmas presents for your team is to keep the gift: spontaneous, ad hoc, and from a tax perspective, below $300 per...

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Are you a Director of an Australian Company?

Are you a Director of an Australian Company?  From 1 November 2021 you will need to apply for a unique director identification number (DIN), which verifies your identity.  Non-compliance will result in hefty fines. The director ID will be attached to a director...

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National licence recognition for Tradies

Draft legislation expected to start from 1 July 2021.Builders, electricians, plumbers, architects, real estate agents, security guards and other workers who hold an occupational licence in their home state or territory and who want to do the same work in another state...

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Did your super fund receive a compensation payment?

Is a financial services compensation payment to your superannuation fund a contribution? Of late, there have been several compensation payments made by financial services providers to customers that were inappropriately charged or overcharged for insurance premiums or...

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Divorce & Superannuation

New legislation will help prevent superannuation assets from being hidden during divorce proceedings.From 1 April 2022, the Australian Taxation Office (ATO) will be able to release details of an individual’s superannuation information to a family law court. The...

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Superannuation equalisation

Where couples have significantly different superannuation account values but are of a similar age, there are options available that assist in ‘evening out the gap’. Where one spouse is close to or likely to reach their transfer balance cap (between $1.6m and $1.7m),...

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Mental Health Support for Business Owners

Owners Running a business can be an isolating experience. And, with COVID-19 lockdowns and disruptions to trade, the pressure can be intense.NewAccess for Small Business Owners is a free and confidential mental health program developed by Beyond Blue to give small...

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What now? Unwinding the Pandemic

Australia’s two largest states and the ACT are in lockdown as the Delta strain of COVID-19 takes its toll while others are standing firm on a policy of eradication. The result is a country at a policy impasse and divided by border restrictions. And - it is not just...

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“Just as we have acted decisively to protect the health of the Australian people, based on the best evidence and medical advice, our support package responds to the economic challenges presented by this pandemic in a timely, proportionate and targeted way,” the Prime Minister said.

We regularly provide information seminars and networking sessions for local businesses and business people.

All of our seminars are hosted in our office boardroom, and refreshments are provided.

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