The Macro Group in South Brisbane, Queensland | Financial service

The Macro Group

Locality: South Brisbane, Queensland

Phone: +61 7 3844 5555

Address: Level 1, Suite 4, 220 Melbourne Street 4101 South Brisbane, QLD, Australia

Website: http://www.macrogroup.com.au

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• Tax preparation service
• Accountant
• Financial service
• Business consultant

25.01.2022 In this article we talk through some steps that Directors should take. #directors #smallbusinesssupport

24.01.2022 A centrepiece of the Federal Budget announced by the Treasurer on Wednesday night was the move to bring forward Stage 2 of the Personal Income Tax Plan to 1 July 2020, resulting in lower taxes for individuals backdated to this date. The next question which employers will face from their employees is how and when they will receive their tax cut. Read our article for more details. #budget #employer #taxcuts #treasury

24.01.2022 Our latest article on going back to work - but perhaps not back to "normal" - what changes and adaption methods you should prepare for

23.01.2022 The decision in the recent Federal Court Case of Workpac v Rossato has received a lot of attention in the media over the last few days, creating confusion in the employment law landscape - details in the article #casualemployment

21.01.2022 What you need to know about the Job Keeper payment as it stands today.

21.01.2022 The Federal Government has announced an extension to the JobKeeper Scheme - the top things you need to know in our article. #JobKeeper

21.01.2022 An update on assistance from Australian Banks for small businesses #businessupport

20.01.2022 The Businses Research and Innovation Initiative has been announced by the Federal Government - the $12 million available in this round are targeted for SMEs to develop innovative solutions to the five identified environmental challenges: 1. Revolutionising agricultural spray application 2. Turning farm crops into a renewable hydrogen source 3. Counting fish using advanced technologies 4. Automating the detection of whales at sea... 5. Turning office trash into energy More details on eligibility and how to apply outlined in the article.

20.01.2022 Coupled with the Jobkeeper Legislation, the Fair Work act permitted Eligible Jobkeeper Employers to make certain JobKeeper Directions. If you are utilising any of these JobKeeper Directions, read the article for more details. #jobkeeper #fairwork #changes

20.01.2022 The Macro Group has transitioned to fully working from home. We will continue to be fully accessible and to help our clients as much as possible.

20.01.2022 The Federal Budget has revealed that the Government plans to bring forward Stage 2 of its Personal Income Tax Plan lowering taxes for individuals, resulting in a range of tax relief targeted towards low and middle income earners. Read our article for more details on the tax changes. #budget #treasury #taxcuts

20.01.2022 The budget is scheduled to be delivered on 6 October 2020 and we are now starting to see some leakage into the press of potential changes. Read our article for more details. #superannuationguarantee #changes

19.01.2022 Investors in Early Stage Innovation Companies do not pay capital gains tax on their investment for up to 10 years - here at The Macro Group we advise both Early Stage Innovation Companies and Investors on these incentives. Details in article.

18.01.2022 At this time of year, it is easy for things to slip through the cracks. Here are some 2020 End of Financial Year reminders to avoid this ensure you are prepared #EOFY #superannuation #payrolltax #workcover

18.01.2022 We are all going to feel the economic impacts of the Victorian lockdown and potential Queensland/NSW lockdowns. Here at The Macro Group Chartered Accountants, we recommend that all business and investors prepare for some significant volatility in trading conditions over the next 6 to 12 weeks and the continuing disruption and uncertainty for the next 12 to 24 months.

17.01.2022 Relief for residential and commercial tenants that may not be able to meet rental payments in these times.

17.01.2022 Updates from the ATO and Treasury regarding #JobKeeper

17.01.2022 The JobMaker Hiring Credit Program details have been released and we can now provide an update about the specific details of the program and how it will operate. The JobMaker Hiring Credit is designed to provide a monetary incentive for up to 12 months to those eligible employers. Read our article for more details. #JobMaker #legislation

17.01.2022 Our latest article - helping you work out Decline in GST Turnover using the Alternative Test for #JobKeeper

16.01.2022 Basic "Draft" Rules Explained for Businesses with Self-Employed Owners - please note these are subject to change. #Jobkeeper

15.01.2022 The Queensland government has announced various land tax relief measures as a response to COVID-19. If you owned a property and are liable for land tax in relation to that property, you may be entitled to the following concessions: 1. Land tax rebate reducing land tax liabilities by 25% for eligible properties for the 2019-20 assessment year. Please note you must apply for the land tax rebate by 30 June 2020.... 2. A waiver of the 2% land tax foreign surcharge for foreign entities for the 2019-20 assessment year Please note you must apply for the waiver by 30 June 2020. 3. A 3-month deferral of land tax liabilities for the 2020-21 assessment year. Please note this is an automatic deferral. #landtax #concessions

15.01.2022 Are you part of a High Growth Small to Medium Business? The Australian Business Growth Fund has now launched to assist with economic recovery following the downturn caused by COVID-19. Read our article for more details on the criteria that applies. #growthfund #treasury #announcement

14.01.2022 Under the Superannuation Guarantee law, if super is not paid to employees by the due date (28 days after the end of each quarter), significant penalties can be incurred #superannuation

13.01.2022 Jobkeeper 2.1 changes announced by the Treasury - make sure you are aware in case action has to be taken before Saturday 22 August 2020 #jobkeeper #treasury #changes

13.01.2022 The Treasurer has announced that eligible companies will be allowed to carry back tax losses from the Financial Years ending 30 June 2020, 2021 & 2022 to support cash flow in businesses. Read the article for more details on the conditions that apply. #budget #changes #jobmaker #carryback

12.01.2022 The QLD Government has announced the Small Business Adaptation Grant Program to assist small businesses highly impacted by the shutdown restrictions #QLDgovernment #grantfunding

12.01.2022 A reflection on how our first month of working from home has gone - How the Macro Team are embracing our Virtual Office

11.01.2022 In this article, we summarise how to meet the wage condition for #JobKeeper

11.01.2022 If you are thinking about hiring any new employees from 7 October onwards, it is worth considering if your business will be eligible to receive the JobMaker Hiring Credit. Read our article for more details. #budget #legislation #changes #jobmaker

11.01.2022 The latest updates on imposed restrictions by the National Cabinet. Please don't hesitate to contact us to discuss further.

10.01.2022 The countdown to the end of financial year - 10 steps to assist with: -Trusts -Personal Super... -Small Business -Self-Managed Superfunds -Employers -Pre-payments -Investments #countdown #30June

10.01.2022 As discussed in previous articles in order to claim the #JobKeeper payments there are 5 critical notifications and reporting items. We recommend all employers take note of these important obligations.

09.01.2022 Information on USA stimulus package.

09.01.2022 We brainstormed the tax changes we would like to see. Read our article for more details #businesssupport #COVIDrelief 1. One-off PAYG credit of $5,000 for each staff member retained for 6 or 12 months after JobKeeper. 2. Special deduction of 150% of salary costs for one year for new workers hired from 1 July 2020 to 30 June 2022 3. Remove FBT and allow deductions on entertainment for 2 years from 1 July 2020. ... 4. Remove FBT requirement for new cars purchased by a ABN holder for purchase of business cars for two years. 5. Tax credit or special deduction scheme for using Australian made inputs in supply chains. 6. Reinstatement of loss carry-back rules for 2 years. 7. Simplification of the company tax rate and franking account rules so that all companies with less than $50m of revenue pay 27.5% whether there is passive income or not. 8. Extension of the ESIC (Early Stage Innovation Company) rules to include more start-ups and allow investors to have more than 30% ownership providing incentives for angel investors to invest in early stage companies. 9. Recreation of a tax effective infrastructure bond scheme to help fund national projects. 10. Temporary increase of deductible super contribution cap to $50,000 per person per year for 3 years for members with less than $1.6M. See more

08.01.2022 The latest updates on imposed restrictions by the National Cabinet. Please dont hesitate to contact us to discuss further.

07.01.2022 Information on the Qld government Jobs Support Loan Scheme in our article.

07.01.2022 Today, Treasury announced changes to certain aspects of the extended Jobkeeper 2.0 program previously advised, taking effect from 28 September 2020 until 28 March 2021. It also announced one very important change to the Jobkeeper program currently in effect. These changes address the eligibility criteria for both businesses and employees seeking to gain entry into both the current and extended Jobkeeper program by relaxing some of the more restrictive conditions initially announced. Details of what has changed in this article #JobKeeper2 #Governmentsupport #Treasury

06.01.2022 The Treasurer has announced a new tax incentive addressing business asset purchases as part of the 2020/2021 Budget Announcement. Effective from 7.30pm 6 October 2020, eligible businesses will be able to deduct the full cost of eligible depreciable assets of any value. #budget #depreciation #legislation

06.01.2022 Further enhancements to the Research and Development Tax Incentive (R&DTI) measure have been announced by the Government to boost R&D investment and support businesses dealing with the economic impacts of COVID-19. Read our article for more details. #budget #researchanddevelopment #tax #incentives

06.01.2022 The National Cabinet is intervening to help provide rent relief to tenants of commercial premises with the announcement of a new mandatory code of conduct.

05.01.2022 The GO LOCAL FIRST campaign is designed to support the recovery of Australias small businesses, by urging Australians to buy local products and services #golocalfirst

03.01.2022 Round 2 of Small Business COVID-19 Adaption Grant Program from the Queensland Government Available Now #smallbusiness #adaptationgrant

02.01.2022 End of financial year: time to finalise the payroll for your employees as preparation for the tax season. To help you in this process, we have prepared a checklist for you to follow - details in the article. #payroll #EOFY

01.01.2022 To all Employers - here is a sample letter you can send to your employees regarding the JobKeeper Payment program eligibility.

01.01.2022 JobKeeper - Working out the decline in GST turnover

01.01.2022 Some important #updates and actions required for #JobKeeper

01.01.2022 Basic "Draft" rules explained for businesses with employees - please note these are subject to change #jobkeeper