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Tax & Compliance
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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. Write c...
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. Write...
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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. Write comment (4 Comments) ...
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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...
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‘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...
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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. Write comment (2 Comments) ...
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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...
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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 ...
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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 ...
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