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Circuit Breaker Support Package Announced
On 21 February 2021, the Victorian Government announced a further support package to assist those businesses impacted by the five-day... read more
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NSW Payroll Tax – Updated Threshold & Rates
The NSW Government has reduced the payroll tax rate to 4.85% from 5.45% for the 2020-21 and 2021-22 financial years.... read more
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Happy holidays to you and yours!
On behalf of the entire Banks Group team, we wish you and your family all the excitement, joy and... read more
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FBT and the 2020/21 Festive Season
With the 2020/21 festive season nearing, it is once again worthwhile having a refresher of the Fringe Benefits Tax (FBT)... read more
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Victorian State Budget 2020/21
On 24 November 2020, the Victorian Government handed down its State Budget. The focus of the budget was on the... read more
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Victorian Government’s Small Business Digital Adaptation Program
As a result of the impact COVID-19 has had on businesses’ digital operations, the Victorian Government unveiled the Small Business... read more
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Victorian Music Industry Recovery Program
Creative Victoria recently announced the Victorian Music Industry Recovery Program to provide funding of between $4,000 – $50,000 to successful... read more
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Superannuation news from the Federal Budget 2020-21
There was nothing specific or unexpected announced in relation to superannuation in the Federal Budget 2020-21. However, there are some... read more
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Federal Government delivers 2020-21 Budget
https://www.youtube.com/watch?v=YR5lMYCvPJc Over the last 10 months, we have experienced conditions we have never seen before. As a result of the... read more
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Alternative turnover test rules introduced
As was the case for JobKeeper 1.0, a legislative instrument has now been registered which provides businesses with access to... read more