2019-20 tax return pre-fill to include JobSeeker payments

2019-20 tax return pre-fill to include JobSeeker payments

June 4, 2020

From 20 March 2020, the new JobSeeker payment replaced certain Centrelink payments you may receive from Services Australia. As a result of these changes, your Centrelink payment summaries fo...Read More Read More

Instant asset write-off and the car limit

June 4, 2020

Following the expansion of the instant asset write off, the ATO has clarified that the car limit of $57,581 (for the 2019–20 financial year) applies to passenger vehicles (except motorcycl...Read More Read More

Finalised STP data due in July

May 28, 2020

The ATO has reminded employers to finalise payroll information through their Single Touch Payroll (STP) provider after the last pay run for the financial year. Large employers with 20 or mor...Read More Read More

ATO announces no penalties or lodgment program impacts for late lodgments up to 30 June 2020

May 28, 2020

In an email to tax professionals on 25 May, ATO Deputy Commissioner Hoa Wood recognised the efforts of tax agents to complete lodgments as quickly as possible and that under the current circ...Read More Read More

FAQs on COVID-19 and residential rental property

May 21, 2020

The ATO has released frequently asked questions (FAQs) and other information to help tax practitioners and their clients understand their rental property obligations and what information cli...Read More Read More

COVID-19: Div 7A practice statement updated

May 14, 2020

The ATO has updated its practice statement on Div 7A to reflect concessions for the lodgment of trust income tax returns for the 2018/19 income year as part of its COVID-19 response. This up...Read More Read More

STP for closely-held payees deferred to 2021

April 30, 2020

As part of its response to the COVID-19 crisis, the ATO has extended the Single Touch Payroll (STP) exemption deadline for small employers (those with 19 or fewer employees) needing to repor...Read More Read More

States offer land tax relief to landlords

April 30, 2020

Various state governments have offered land tax relief to landlords with tenants impacted by the COVID-19 pandemic. The benefits of the relief must be passed on to tenants in the form of red...Read More Read More

JobKeeper payment dates

April 30, 2020

The payment dates for all JobKeeper fortnights are: 30 March – 12 April by Friday 8 May 13 April – 26 April by Friday 8 May 27 April – 10 May by Sunday 10 May 11 May ...Read More Read More

JobKeeper extensions – April payments to 8 May and enrolments to 31 May

April 30, 2020

The ATO has extended the deadlines for businesses to enrol for the initial JobKeeper periods and to pay the first JobKeeper Payments. The deadline for businesses to enrol for the initial ...Read More Read More