Tax

Tax

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...

02 June 2020 • By Jotham Lian

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Tax

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...

29 May 2020 • By Jotham Lian

Tax

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...

28 May 2020 • By Jotham Lian

Tax

$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,...

28 May 2020 • By Jotham Lian

Tax

‘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...

27 May 2020 • By Jotham Lian

Tax

Tax reform to feature heavily in PM’s JobMaker plan

Tax reform to support jobs and encourage investment will be firmly on the government’s agenda as it looks to unveil...

26 May 2020 • By Jotham Lian

Tax

Practitioners potentially ‘misled’ by ATO’s JobKeeper turnover guidance

Practitioners relying solely on the ATO’s JobKeeper guidance on its website may have been misled to believe their...

26 May 2020 • By Jotham Lian

Tax

ATO has the final word on lodgement deferrals

The Tax Office will not grant further extensions to lodgement due dates but will meet the profession halfway by not...

26 May 2020 • By Jotham Lian