News

The Treasurer has today expanded access to JobKeeper. Employees that previously failed the JobKeeper eligibility test as they were not employed on 1 March 2020,

JobKeeper 2.0 The second tranche of the JobKeeper scheme changes the eligibility test for employers and the method and amount paid to employees. If your

21 July Lodge and pay June 2020 monthly business activity statement. Lodge and pay quarter 4, 2019–20 PAYG instalment activity statement for head companies of consolidated groups. 28

The ATO is going hard on contrived schemes to access the COVID-19 stimulus measures. Among these are those promoting or accessing their superannuation early under

We always knew that a Government scheme swiftly distributing cash during a crisis was going to come with equally swift compliance and review measures, particularly

Will the Prime Minister’s targeted $250 million package of funding to support cultural and creative projects and initiatives save the industry? The arts funding is

5 June Lodge tax return for all entities with a lodgment due date of 15 May 2020 if the tax return is not required earlier and

The JobKeeper subsidy has progressed beyond the rush for eligibility and entered its second phase: compliance. Late last month, the Australian Taxation Office (ATO) released

Despite the current economic environment, the company tax rate will reduce to 26% for small and medium businesses from 1 July 2020. The 1 July

What’s changing on 1 July 2020 • Company tax rate reduces to 26% for base rate entities • $150k instant asset write-off scheduled to reduce

The alternative tests for JobKeeper have been Announced. You can find the legislative instrument here. The detailed explanatory notes for these tests can be found

A subsidy of $1,500 per fortnight per employee, administered by the ATO, will be paid to businesses that have experienced a downturn of more than