Tax

Tax

Tax concessions, FBT exemptions announced ahead of budget

Greater access to small business tax concessions, including exemptions from fringe benefits tax, has now been unveiled...

02 October 2020 • By Jotham Lian

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Tax

Victorian small business grants now income tax free

Victorian businesses receiving grants under the state’s $3 billion support package will now be exempt from paying...

29 September 2020 • By Jotham Lian

Tax

ATO embarks on next 5,000 private groups review

The Tax Office has now released a list of topics it will potentially cover in its assurance reviews of 5,000 privately...

29 September 2020 • By Reporter

Tax

JobKeeper changes today: What accountants need to do now

JobKeeper eligibility and rate changes come into play today, but employers will have additional time to assess their...

28 September 2020 • By Jotham Lian

Tax

ATO urges action ahead of Monday JobKeeper change

The ATO has urged businesses to get up to speed with the JobKeeper extension, with new eligibility rules and payment...

25 September 2020 • By Jotham Lian

Tax

ASIC extends temporary AFSL exemption for tax agents

Registered tax agents will continue to be able to provide advice to clients on the early release of superannuation...

24 September 2020 • By Jotham Lian

Tax

Commissioner registers updated JobKeeper alternative tests

The Commissioner of Taxation has now released the updated alternative decline in turnover tests for the JobKeeper...

23 September 2020 • By Jotham Lian

Tax

Questions hang over actively engaged 80-hour test

JobKeeper guidance for eligible business participants to determine if they were actively engaged for at least 80 hours...

23 September 2020 • By Jotham Lian