On 21 July 2020 the Government announced that the JobKeeper Payment (‘JKP’) would be extended until 28 March 2021 (i.e., for a further six months beyond its original end date of 27 September 2020).
As we are this year faced with the advent of the impact of the Corona virus, many businesses – particularly SMEs – are focussed on surviving, knowing they'll have tax losses (In fact, tax loss utilisation will be an enduring topic of interest because of COVID-19).
The Government has sought to take action against employers who have failed in their obligations to pay their employees superannuation.
As we are well into the tax season, this year we thought it best to remind people that they need to lodge their returns by the middle of May 2020.
As part of the Morrison re-election promise and originally introduced in the 19/20 Budget, millions of Australians may be entitled to a new offset that is effectively equivalent to a tax rebate of up to $1080.
As the end of the financial year fast approaches, it makes good business sense to turn your attention to ways of minimising your tax legally.
Single Touch Payroll: From 1 July 2019, employers who employ less than 20 people will be required to change the way they report wages and superannuation to the ATO.
As the start of the year has well and truly commenced and the long hot summer holidays are slowly drawing to a close, it is time to consider how recently graduated students from the arts schools might launch themselves in to their career.
From 1 July 2019, employers employing 20 employees or less will have to submit their payroll information directly to the ATO via their payroll software system.
From 1 July 2019, businesses seeking to tender for Commonwealth Government procurement contracts over $4 million (inclusive of GST) will be required to provide a statement from the ATO that indicates that they are compliant with their tax obligations.