Small business tax cuts kick in from July 1 2020
From July 1 2020, small and family businesses will be paying less tax as a result of legislated tax cuts passed by the Morrison...
Lodgment and payment deferrals
The ATO has updated its website to incorporate the following automatic lodgment and payment deferrals. Lodgment and payment deferrals...
JobKeeper Payment
BACKGROUND ON JOBKEEPER PAYMENT FOR EMPLOYERS Under the JobKeeper Payment, businesses or not-for-profits impacted by the Coronavirus will...
The Government announced a second set of economic responses to the Coronavirus
On 22 March the Government announced a second set of economic responses which, combined with our previous actions, total $189 billion...
The Australian Government's initial Economic Response to Coronavirus
The Government’s economic response addresses the economic impacts of the Coronavirus outbreak. It is intended to support confidence,...
Changes to salary sacrificing super for SG from 1 January
From 1 January 2020, salary sacrificed super contributions cannot be used to reduce super guarantee obligations for the employer,...
Processing times for Capital Gains Tax Clearance Certificates
A clearance certificate provides certainty to purchasers regarding their withholding obligations. It confirms the withholding tax is not...
GST for food retailers – Simplified accounting methods
Five simplified accounting methods (SAMs) have been designed for food retailers that buy and sell a mixture of products, where some are...
Unreported ‘cash in hand’ payments to workers no longer tax deductible
The Australian Taxation Office (ATO) today reminded employers that any unreported ‘cash in hand’ payments made to workers from 1 July...
Single Touch Payroll STP
The start date for small employers, those with 19 or less employees, to begin Single Touch Payroll (STP) reporting is quickly...
