Tax & Compliance
ATO finalises initial cash flow boost credits
All eligible cash flow boost recipients will receive their credits by the close of business Friday, with the ATO set to contact all other taxpayers who believe they are e...
ATO extends deadline for future JobKeeper enrolments
The ATO has now extended the deadline to enrol and identify eligible employees for JobKeeper payments to the end of each month being claimed.
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JobKeeper super guarantee amendments released
The Governor-General has released amendments to ensure employers are not subject to additional superannuation guarantee obligations by participating in JobKeeper.
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‘Horrendously busy’ tax time 2020 looms
Practitioners have been urged to brace for a double workload peak this tax time as individual and business clients rush in early looking for refunds in the wake of COVID-...
Clients urged to confirm JobKeeper Step 2
A weekend system update at the Tax Office has meant that clients who have yet to identify their eligible employees for fortnights in April and May will now need to ring u...
Mid-tier fast-tracks graduate training for audit season
An accounting network has developed an audit crash course for its graduates in a bid to offset the lack of secondees as audit season looms.
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Assistant Treasurer pushed on Div 7A announcement as start date looms
The Assistant Treasurer has been pressed to provide clarity on proposed Division 7A changes that are due to start in less than five weeks’ time.
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ATO updates JobKeeper compliance approach
The Tax Office has now updated its JobKeeper compliance guidelines with new examples of schemes where there will be a high risk of the commissioner devoting his complian...
$150k instant asset write-off set for significant drop
The $150,000 instant asset write-off will soon revert to its original threshold of $1,000 in just over four weeks, with businesses urged to consider the measure ahead of ...
‘The message can’t be clearer’: Practitioners urged to build JobKeeper defence
JobKeeper defence files will need to be prepared now in light of an all but certain impending ATO audit, a big four partner has warned.
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