Blog

04 Aug
2020

Jobkeeper 2.0- Payment Extension

The Government is extending the JobKeeper Payment by a further six months to March 2021. Support will be targeted to businesses and not-for-profits that continue to be significantly impacted by the Coronavirus. The JobKeeper payment, which was originally due to run until 27 September 2020, will now continue to be
04 Jun
2020

New $25K HomeBuilder Package

New $25K HomeBuilder Package
The Government has announced a new HomeBuilder Package which provides eligible owner-occupiers (including first home buyers) with a grant of $25,000 to build a new home or substantially renovate an existing home. The government said the package will assist the residential construction market by encouraging the commencement of new home
31 May
2020

2019 income year Lodgement Deferrals and Penalties

2019 INCOME YEAR LODGEMENT DEFERRALS AND PENALTIES
The ATO recognised COVID-19 may have a significant impact on businesses meet their lodgment and payment obligations. The Commissioner announced a range of support measures available during these difficult times to assist businesses meeting their tax compliance obligations. Lodgment deferrals Lodgment and payment deferrals will be automatically applied to: Company
03 Apr
2020

COVID-19: A Summary important helps and supports from the ATO and the Government

The coronavirus outbreak is first and foremost a human tragedy, affecting life of all Australian people and businesses.  Cloud8 Accounting & Taxation has put together a summary of important helps and supports announced by the ATO and the Government for small businesses. NOTE: Cloud8 is always here to help our clients
11 Mar
2020

Get your Trust Distribution Resolutions Right!

One of the superstar accountants at Cloud 8 recently consulted with a business owner who has come to us for second opinion. The business operates under a Family Trust (also refers to Discretionary Trust) structure and has been audited by the ATO for the 2016/2017 income tax. Upon the request
04 Mar
2020

Super guarantee amnesty is now Law! Employers should take actions!

Xero
Treasury Laws Amendment (Recovering Unpaid Superannuation) Bill 2019 has been passed by the Government on 24 February  2020 and will become law after receiving Royal Assent. The Bill introduces superannuation guarantee (SG) amnesty which will provide relevant employers with a one-off temporary amnesty from late payment penalties to correct their
17 Feb
2020

Cloud8 at Xero Roadshow 2020 in Melbourne

Cloud8 team attended the biggest ever XERO Roadshow in Melbourne last week. At the roadshow, we were updated about Xero’s upcoming announcements and cloud accounting product feature. We also had the opportunities to meet a number of leading App developers in the XERO Eco-system. At Cloud8, we are technology savvy! Not
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