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The ATO’s JobKeeper Audit Targets
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
1 July Company Tax Rate Reduction
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
June 2020 – Essential Tax Summary
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
Alternative Jobkeeper Tests Announced
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
$1,500 JobKeeper subsidy to keep staff employed
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
$1,500 JobKeeper subsidy to keep staff employed
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
The Second $66.1 bn Stimulus Package: What You Need To Know
The Government yesterday released a second, far reaching $66.1 bn stimulus package that boosts income support payments, introduces targeted changes to the superannuation rules, provides
Surviving a Crisis: Coronavirus and Beyond
Empty restaurants and retail stores were one of the first signs of the devastating impact the coronavirus on Australian businesses. Within a few months, the
The Stimulus Package: What You Need To Know
The Government has announced a $17.6 billion investment package to support the economy as we brace for the impact of the coronavirus. The yet to
Who’s Swimming Naked????
The famous investor Warren Buffet once said, “it is only once the tide goes out that we see who has been swimming naked”. Well, the
March 2020 ATO Due Dates
21 March Lodge and pay February 2020 monthly business activity statement. 31 March Lodge tax return for companies and super funds with total income of
March 2020 Essential Tax Summary
The long awaited superannuation guarantee amnesty passed Parliament late last month. Employers who have fallen behind with their SG payments now have 6 months to
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