News And Articles

May 2022 Newsletter

No Reduction In The Private Health Insurance Rebate As Of 1 April 2022
Disclosure Of Business Tax Debts
High Court Rejects Attempt To Disclaim Interest In Trust Distribution

April 2022 Newsletter

2022-2023 Budget Measures That Are Now Law
Reminder of March 2022 Quarter Superannuation Guarantee (‘SG’)
Cents Per Kilometre Deduction For Car Expenses – 2023 Income Year
JobMaker Year 2: Adjusting Baseline Headcount
Re-contribution of COVID-19 Early Release Super Amounts
Penalties for Overdue TPAR

March 2022 Newsletter

Tax Deductibility Of COVID-19 Test Expenses
Super Changes And Full Expensing 12-Month Extension Now Law
12-Month Extension Of The Temporary Loss Carry-Back
Keeping And Maintaining SMSF Records
SMSF – Statistical Overview From 2020 Lodgments Published
Small Employers And STP– The ATO Gets Serious
New Shield Against Debt Recovery Proposed For Small Business

January/February 2022 Newsletter

ATO Support For Businesses In Difficult Times
Government Extends SME Recovery Loan Scheme to 30 June 2022
COVID-19 Vaccination Incentives And Rewards
Higher PAYG Withholding Rates Continue To Apply To Backpackers
Single Touch Payroll Exemption Extended For WPN Holders
Payment Extension Relating To JobKeeper Objections

December 2021 Newsletter

Super Is Now Following New Employees
ABN 'Intent To Cancel' Program
'Backpacker Tax' May Not Apply To Some Backpackers
Beware Of Scams
Managing Business Cash Flow
Data-Matching Program: Services Australia Benefits And Entitlements

November 2021 Newsletter

Preparing for the new Director ID regime
Varying PAYG instalments due to COVID-19
Permanent changes to AGMs and electronic communications
AUSTRAC transaction report information data-matching program
Government payments data matching program

October 2021 Newsletter

Extra super step when hiring new employees
ATO support for employers with expansion of STP
Reminder for first-time share investors to declare income
Documenting gifts or loans from related overseas entities
Additional ATO support during COVID-19
Paid Parental Leave changes support parents in lockdown
Reminder of SG obligations for September 2021 quarter

September 2021 Newsletter

Extending Administrative Relief For Companies To Use Technology
Expansion Of Support For Smes To Access Funding
ATO Warns Property Investors About Common Tax Traps
Div.293 Concessional Contribution Assessments Have Been Issued
Travel Allowances And 'LAFHAs'
Time Running Out To Register For The Jobmaker Hiring Credit
Labor Commits To Income Tax Cuts And Certainty On Negative Gearing

August 2021 Newsletter

Reminder Of Superannuation Caps Indexation For 2022
Division 7A Benchmark Interest Rate for 2022 Remains Unchanged
Changes To STP Reporting From 1 July 2021
Maximum Contributions Base For Super Guarantee
The ‘Gigs Up’ With A New Sharing Economy Reporting Regime
Taxable Payments Annual Reports (‘TPARs’) Due 28 August
New FBT Retraining And Reskilling Exemption Available

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

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