Tax

Tax

COVID-19 an ‘opportunity’ for tax reform

Policy makers should be treating the COVID-19 crisis as an opportunity to enact the comprehensive tax reform that...

23 April 2020 • By Aidan Curtis

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Tax

Tax Office updates 12 March lodgement condition

The ATO has now advised on its approach for those seeking eligibility for the cash-flow boost measure and have not...

21 April 2020 • By Jotham Lian

Tax

ATO highlights cash-flow boost lodgement timing issue

Tax professionals have been urged to consider the timing implications of lodging a business activity statement before...

21 April 2020 • By Jotham Lian

Tax

ATO lists out fraudulent COVID-19 schemes

Examples of fraudulent schemes aimed at accessing or boosting entitlement to the cash-flow boost and JobKeeper payment...

21 April 2020 • By Jotham Lian

Tax

Cash v accruals: ATO updates turnover test guidance

Businesses will be able to use their usual cash or accruals method to calculate projected and current GST turnover for...

20 April 2020 • By Jotham Lian

Tax

JobKeeper enrolments begin

Enrolments for the JobKeeper payment have now begun, with the ATO issuing a number of guides for businesses to assist...

19 April 2020 • By Jotham Lian

Tax

ATO issues further guidance for sole traders, trusts, partnerships, companies

Guidance around JobKeeper eligibility for sole traders and businesses that operate in the form of a company, trust or...

17 April 2020 • By Jotham Lian

Tax

Regulator sets 5-day limit on super release

The prudential regulator has told super funds they must release member funds within five business days in the vast...

17 April 2020 • By Sarah Kendell