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Federal Budget 2021 – How will it impact you, your business and your superannuation?

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The Federal Budget has been delivered and has focused on continuing to stimulate the economy out of the COVID-19 induced recession. The Government has emphasised spending in order to bolster economic recovery.

As with all Budgets, these are announcements only and have not been legislated. The details are still to be worked through, and both Houses of Parliament need to pass legislation before the announcements take effect.

The key personal, superannuation and business-related tax highlights of last night’s Budget are summarised below:

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StewartBrown FBT Newsletter

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FRINGE BENEFITS TAX ("FBT")

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If you or your business have historically been using AUSkey to access Government portal and websites, you will need to make changes before March 2020 as Auskey is being decommissioned. The new replacement service is called myGovID. It will continue to be a secure login that identifies an individual operating on behalf of a business when using Government online services.

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StewartBrown Aged Care Financial Performance December 2020 Survey Sector Report

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The StewartBrown December 2020 Aged Care Financial Performance Survey incorporates detailed financial and supporting data from 1,200 aged care homes (97,056 beds/places) and 45,553 home care packages across Australia. The quarterly survey is the largest benchmark in the aged care sector and provides invaluable insight into the trends and drivers of financial performance at the sector level and at the aged care home or programme level.

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StewartBrown 2021 Land Tax Newsletter

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Welcome to the Land Tax edition of our client newsletter for 2021 where we hope to keep you informed of the important Land Tax compliance issues affecting owners of land in Australia. You may recall that Land Tax is a State tax and different rules apply in each State. In this newsletter we have summarised the position in NSW.

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StewartBrown 2020 Allied Health Deep Dive Survey

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There has been increased interest in the use of allied health services in aged care generally and residential care specifically. As a result StewartBrown conducted a deep dive survey based on FY20. The response to the survey was strong and we thank everyone for their contribution. The Survey incorporates data from 62 providers and 331 homes.

Click here to download a PDF copy of StewartBrown's 2020 Allied Health Deep Dive Survey.

If you have any queries regarding this report or on any of our audit and assurance or consulting services, please do not hesitate to contact our office on (02) 9412 3033 or call 0429 680 785.

Sydney Office

StewartBrown
ABN: 63 271 338 023
Level 2, Tower 1,
495 Victoria Avenue

Chatswood, NSW, 2067
Tel: (02) 9412 3033
Fax: (02) 9411 3242
info@stewartbrown.com.au


StewartBrown Advisory Pty Ltd
ABN: 19 143 011 750
AFSL: 355134
Level 2, Tower 1,
495 Victoria Avenue

Chatswood, NSW, 2067
Tel: (02) 9412 3033
Fax: (02) 9413 4202
info@stewartbrown.com.au

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