Tax & Compliance
ATO pencils October start date for tax audits
ATO audit activities are now set to recommence by October, pending on how the ongoing coronavirus situation develops, a parliamentary committee has heard.
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Government confirms JobKeeper 2.0 turnover tweak
Treasurer Josh Frydenberg has announced that eligibility for JobKeeper 2.0 will now be based on single quarters, in light of the stage 4 restrictions facing Melbourne.
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860,000 businesses hit with ATO compliance letters
The Tax Office has now reached out to 860,000 businesses to remind them of their superannuation guarantee obligations ahead of the one-off amnesty deadline.
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Victoria shutdown forces JobKeeper eligibility modification
The government is contemplating calibrations to the JobKeeper eligibility criteria as Victorian businesses face extensive shutdowns.
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COVID-19 trading conditions could lead to more TPAR businesses: ATO
Businesses such as restaurants and cafés that moved to a delivery service model in response to COVID-19 restrictions have been urged to confirm if they fall into the tax...
‘Hundreds’ to be contacted in ATO early super compliance blitz
Hundreds of Australians who applied for the COVID-19 early release of superannuation are set to be queried on their eligibility as the ATO kicks off a pilot compliance p...
ATO will not claw back ‘honest’ JobKeeper mistakes
The ATO will not seek to recover JobKeeper payments from employers who made an honest mistake, a parliamentary inquiry has heard.
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ATO sets out Part 7 penalty remission process post-SG amnesty
The ATO has now issued a draft practice statement confirming its restriction on remitting the Part 7 penalty for historical quarters covered by the superannuation guarant...
Treasury underestimates early super raid by $15bn
The government now expects around $42 billion to be removed from the super system as a result of the early release scheme, having revised up its initial estimates of $27 ...
Accounting bodies to weigh in heavily on JobKeeper 2.0 design
The professional accounting and tax bodies will soon present the Treasury with a laundry list of issues to be considered in the design and execution of JobKeeper 2.0, as ...
