News And Articles

July 2021 Newsletter

Super Guarantee Contribution Due Date For June 2021 Quarter
Extension Of Time To Make Repayments On Division 7A Loans
Rent Or Lease Payment Changes Due To Covid-19
Lost, Damaged Or Destroyed Tax Records
Introducing SMSF Rollover Alerts
SMSF Limited Recourse Borrowing Arrangements Interest Rates
New ATO Data-Matching Programs

June 2021 Newsletter

Cryptocurrency Under The Microscope This Tax Time
Temporary Reduction In Pension Minimum Drawdown Rates Extended
Super Guarantee Rate Rising From 1 July 2021
Do You Use The Small Business Superannuation Clearing House?
ATO Warns On ‘Copy/Pasting’ Claims
Family Assistance Payments
Car Parking Threshold For 2022 FBT Year
Luxury Car Tax Thresholds
New ATO Data-Matching Programs Involving Property

May 2021 Newsletter

Government Proposal To Modernise Business Communications
ATO "Keeping JobKeeper Payment Fair"
Independent Review Service For Small Businesses Made Permanent
ATO Asks Businesses To Check If They Are Still Using Their ABNs
Passenger Movement Data Matching Program
Super Contribution Caps Will Increase From 1 July 2021

April 2021 Newsletter

JobKeeper Comes To An End
ATO Loses Case On JobKeeper And Backdated ABNs
First Criminal Conviction For JobKeeper Fraud
ATO's Taxable Payments Reporting System Update
FBT Rates And Thresholds For The 2021/22 FBT Year
Warning Regarding New Illegal Retirement Planning Scheme
New Succession Planning Guide For Family Businesses

March 2021 Newsletter

Changes to STP Reporting Concessions from 1 July 2021
   - Closely Held Payees (Small Employers)
     - Micro Employers
Paper PAYG and GST Quarterly Instalment Notices
Avoiding Disqualification from SG Amnesty

January/February 2021 Newsletter

New Measures Applying From 1 January 2021
Shortcut Rate For Claiming Home Office Expenses Extended
AAT Decision On JobKeeper And Backdated ABNs
SMSF Related Party Rental Income Deferrals Due To COVID‑19
ATO Data‑Matching Programs
JobMaker Hiring Credit Scheme: Claims Open From 1 February 2021
Cash Payment Limit Bill Shelved

December 2020 Newsletter

JobMaker Hiring Credit Passed
ATO Visa Data Matching Program
Improvements To Be Made To Full Expensing Measure
How To Avoid Getting Dodgy Advice
STP Data-Sharing With Services Australia
Proposed FBT Exemption - Retraining And Reskilling
Getting The Margin Scheme Right

November 2020 Newsletter

Tax cuts pass Parliament
Employers need to apply recent tax cuts as soon as possible
Deferrals of interest due to COVID-19
Simplified home office expense deduction claims due to COVID-19
Companies holding meetings and signing documents electronically
COVID-19 and loss utilisation
Employees on JobKeeper can satisfy the ‘work test’

October 2020 Newsletter

Special COVID-19 Superannuation Condition of Release Extended
Deduction for work-related vehicle expenses disallowed
Tax treatment of JobKeeper Payments

September 2020 Newsletter

Superannuation guarantee rate increase update
Superannuation guarantee amnesty ends 7 September 2020
Expanded eligible employee definition for JobKeeper
JobKeeper 2.0 - tweaks to the 'Decline in Turnover' Tests

August 2020 Newsletter

Extension of the JobKeeper Payment
     - Extended JobKeeper Payment Rates
     - Additional New Turnover Tests
80 cents per hour 'shortcut' method for home office expenses has been extended

July 2020 Newsletter

Treasury Laws Amendment (2020 Measures No 3) Bill 2020
Treasury Laws Amendment (2019 Measures No 3) Bill 2019
Regulations confirm no SG obligation on JobKeeper payments where work is not performed
COVID-19 and Division 7A relief

May 2020 Newsletter

Coronavirus: Government’s JobKeeper Payment
Shortcut method to claim deductions if working from home
SMSFs may be able to offer rental relief to related party tenants
ATO reminder about salary packaged super

April 2020 Newsletter

Coronavirus: Government announces new tax measures
ATO's support measures to assist those affected by COVID-19
New laws can make directors personally liable for GST
New super guarantee amnesty
New vacant land tax measures
ATO on property investments

March 2020 - Coronavirus Special Update

Government’s Stimulus Package in response to the Coronavirus
Income support for individuals
  The new Coronavirus supplement
  Expanding access (and eligibility) to certain income support payments
  Tax-free payments of $750 to eligible recipients
  Early access to superannuation benefits
  Reducing the minimum drawdown amounts for superannuation pensions
  Reducing social security deeming rates
Cash flow assistance for businesses
Boosting cash flow for employers
  Wages subsidies for apprentices and trainees
  Increasing the instant write-off threshold for business assets
  Accelerating depreciation deductions for new assets

March 2020 Newsletter

Court confirms ATO's position on foreign income tax offsets
Employer's requirements and the deductibility of WREs
SMS scam targeting natural disaster victims
Further STP developments
Valuing car parking fringe benefits

January/February 2020 Newsletter

Lifestyle assets continue to be an ATO audit target
Disclosure of business tax debts – Declaration made
MYEFO Report – 2019/20
The ATO’s Bushfire crisis response

December 2019 Newsletter

PAYG and deductions for payments to workers
STP and superannuation guarantee
No CGT main residence exemption for non-residents
ATO November 2019 bushfire assisstance
SMSs for SMSFs!

November 2019 Newsletter

Super guarantee opt-out for high income earners now law
ATO recommends updating ABN details for disastrous reasons
Reporting asset disposals for CGT
Government passes other superannuation legislation
Super Lookup 'status' will change if SMSF annual returns are late
Taxpayer liable for excess transfer balance tax despite commutations

October 2019 Newsletter

$30,000 instant asset write-off
Federal Court provides clarification on the PSI rules
Deductions for a company or trust home-based business
ATO impersonation scam update
Using the cents per kilometre method
Measuring the integrity of the ABR

September 2019 Newsletter

"Outrageous" deductions rejected
ATO guidance regarding incorrect ENCC determinations
ATO watching for foreign income this Tax Time
The ATO hits the road
Motor vehicle registries data matching program protocol

August 2019 Newsletter

Tax cuts become law
Low and middle income tax offset also now law
ATO "puts the brakes" on dodgy car claims
Private health insurance statements now optional
FBT and taxi travel
ATO rates and thresholds

July 2019 Newsletter

‘Cash in hand’ payments to workers no longer tax deductible
Uber drivers not employees
Making a Division 293 election
ATO targeting false laundry claims
Lifestyle assets data matching program
Tax time tips for small business
Fixing incorrectly issued excess NCCs determinations
Car parking threshold for 2020 FBT year
Trustee obligations on the ATO's radar: TFN reports

June 2019 Newsletter

Single Touch Payroll Update
Employees and payment summaries
Cryptocurrency data matching program
Tax office to double audits of 'dodgy' rental deductions
Paying super to backpackers
New rules for immediate write-offs

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