The following Tax Rulings and Practical Compliance Guidelines have been issued:
TR 2021/1 — Income tax: when are deductions allowed for employees’ transport expenses?
TR 202...Read MoreRead More
JobKeeper is still open to new and existing participants until the end of the March 2021.
The ATO has advised that employers looking to enrol in JobKeeper should phone the ATO first on 1...Read MoreRead More
The ATO has released details of the 3 options that small employers with closely held payees will have for STP reporting purposes from 1 July 2021.
Small employers (ie those with 19 or f...Read MoreRead More
The ATO has confirmed items such as gloves, masks, sanitisers and anti-bacterial spray given to employees to help protect them from contracting COVID-19 while at work are exempt from FBT u...Read MoreRead More
The ATO has launched a campaign focusing on withholding tax obligations on interest expenses paid overseas for the 2018 and 2019 income years.
Taxpayers who have paid interest to a non-...Read MoreRead More
The ATO no longer issues paper instalment notices for PAYG and GST quarterly instalments once an activity statement or instalment notice is lodged, revised or varied electronically through...Read MoreRead More
The Income Tax Assessment (Eligible State and Territory COVID-19 Economic Recovery Grant Programs) Declaration 2020 makes the following Victorian Government COVID-19 business grants non-as...Read MoreRead More
Services Australia has started to use the Single Touch Payroll facility to pre-fill employer name and ABN details on Centrelink Online Accounts and the Express Plus Centrelink app. This wi...Read MoreRead More
The Administrative Appeals Tribunal (AAT) has found that a taxpayer had and was entitled to an Australian business number (ABN) in March 2020 and therefore qualified for JobKeeper payments...Read MoreRead More
Important changes to Australia's insolvency laws commenced operation on 1 January 2021. The measures apply to incorporated businesses with liabilities less than $1 million and are expected...Read MoreRead More
