ATO temporarily reinstates paper instalment notices
As part of the ATO’s digital improvement program, they recently made the decision to stop issuing paper quarterly PAYG & GST instalment notices from September [...]
ATO signal end of paper correspondence
ATO signals end of paper Activity Statements & Instalment Notices As part of the ATO’s digital improvement program, they have made the decision to stop [...]
JobKeeper extension’s alternative turnover tests
The extension of the JobKeeper scheme is now based on current GST turnover, not projected turnover. The basic test compares year-on-year turnover. If there were [...]
Changes to Casual Overtime
Changes are coming to the way some casuals should be paid overtime. These changes will apply to most Modern Awards. This fact sheet will help [...]
ATO’s cyber safety checklist
Scammers never seem to rest, with even the latest JobKeeper iteration coming in for some scam treatment. In a new update the ATO reports that [...]
Extended December JobKeeper deadlines
The ATO has extended the JobKeeper monthly business declaration deadline for the month of December until 28 January 2021 (from 14 Jan 2021). This applies [...]
Is an SMSF the right answer for you?
With over 1.1 million Australians choosing to manage their own Self Managed Super Fund, it has become a popular option for those wanting more control [...]
Road to Recovery – Budget 2020-21
On 6 October 2020, the Federal Treasurer, Josh Frydenberg, delivered the Federal Budget for the 2020–2021 income year. The 2020-21 Federal Budget is a road to [...]
What is JobKeeper 2.0?
From 28 September 2020, the second tranche of the JobKeeper scheme changes the eligibility tests for employers and employees, and the method and amount paid [...]
2020 Tax Planning – What you need to know
The instant asset write-off Allows instant deductions for capital assets (up to $150,00 per item**) acquired prior to 30.06.2020. Pool balances under $150,000 at 30 [...]