The ATO has clarified on how the business continuity test applies for companies affected by COVID-19.
To utilise carried-forward losses in a particular year, a company must satisfy the ...Read MoreRead More
A company operating a sheep grazing business has been found liable for GST on the sales of vacant land, although the sales were unrelated to that activity. The AAT held the sales were taxabl...Read MoreRead More
A taxpayer who returned to Australia after a seven-month contract position in Kuwait has failed to convince the AAT that he was not an Australian resident. He was held to be a resident of Au...Read MoreRead More
The government is seeking comments on draft legislation to require non-government entities seeking endorsement as deductible gift recipients (DGRs) to register as charities.
The draft ...Read MoreRead More
An addendum has been issued to Law Companion Ruling LCR 2020/1 , dealing with the decline in turnover test introduced by the Coronavirus Economic Response Package (Payments and Benefits...Read MoreRead More
Employers have up to 16 November 2020 to update their payroll systems to reflect the changes to the personal income tax thresholds for the 2020-21 income year.
The ATO has published the...Read MoreRead More
Personal income tax cuts: increase to low income tax offset and changes to income tax thresholds brought forward, low and middle income tax offset retained for 2020-21.
Temporary loss...Read MoreRead More
The August JobKeeper monthly business declaration is due by Friday 14 September. The August declaration is different with three fortnights to claim:
Fortnight 9 – commencing 20 July
...Read MoreRead More
The purpose of this Fact Sheet is to enable you to make a quick assessment of your eligibility for the Government's JobKeeper Payment Scheme extension beyond the original end date of 27 Sept...Read MoreRead More
The Government has announced further changes to the JobKeeper Payment scheme that relate to the GST turnover reference period and employee eligibility.
From Monday 28 September 2020, busi...Read MoreRead More
