ABN intent to cancel program
November 4, 2021
During November and December, the ATO may contact tax practitioners to advise its intention to cancel their clients' Australian business number (ABN), where there is evidence they are no l...
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Director ID applications now available
November 4, 2021
Australia’s 2.7 million company directors can now apply for their new Director identification numbers (director ID). In the first few hours after the launch of service, more than 2,000 peo...
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Super guarantee and stapled funds: ATO guidelines and transitional approach
October 28, 2021
From 1 November 2021, if new employees start and they don't choose a super fund, employers may have an extra step to take to comply with choice of fund rules and request the employees’ s...
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ATO guidance on CGT exemptions for granny flat arrangements
October 28, 2021
The ATO has produced website guidance on CGT exemptions for granny flat arrangements that gives eligible people the right to occupy a property for life started from 1 July 2021. To be elig...
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Data matching with AUSTRAC transaction report: ATO notice
October 21, 2021
The ATO on 13 October 2021 registered a notice that it will acquire AUSTRAC transaction report information data from AUSTRAC for around 9 million individuals each year for the period of ...
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Get ready for director ID registrations
October 21, 2021
All directors of a company, registered Australian body, registered foreign company or Aboriginal and Torres Strait Islander corporation will need a director identification number (director I...
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Work from home shortcut method extended
October 21, 2021
The ATO has extended the availability of the "shortcut" rate set out in Practical Compliance Guideline PCG 2020/3 for claiming work-from-home running expenses to 30 June 2022.
This me...
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Donations using a Donation Point Tap device
October 1, 2021
On 22 September 2021, with effect from 1 July 2021 to 30 June 2026, the ATO issued Class Ruling CR 2021/62 (Quest Payment Systems Pty Ltd - evidence of a deduction for donations made to a ...
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NSW payroll tax on employer super contributions: Practice note
October 1, 2021
Revenue NSW has issued Practice Note CPN 021 setting out the treatment of superannuation contributions under the Payroll Tax Act 2007 (NSW). The Practice Note explains that employer cont...
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STP phase 2 employer transition approach
October 1, 2021
The ATO have announced that they will allow deferral of Single Touch Payroll (STP) Phase 2 transition.
Where employers can start reporting from 1 January 2022, the ATO will support and ...
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