Local News

Local News

May 27, 2020
superannuation

Tax Storm Looms for Super

In a statement, Rice Warner executive director Michael Rice has warned the super will “no longer be as sacred as it was in the past”, with […]
May 26, 2020
Jobkeeper Payment

Extension Granted on JobKeeper Monthly Reporting Deadline

The Treasurer’s initial JobKeeper rules specified that an entity that has qualified for the JobKeeper scheme must report their current and projected turnover to the ATO […]
May 26, 2020
grants x

New $10,000 Grants Up For Grabs For Small Businesses

A new grant program has been launched for small businesses, offering 67 one-off grants of $10,000 each designed to assist businesses recovering from the effects of […]
May 19, 2020
ATO

‘Sympathetic and Understanding’: ATO confirms compliance approach

With JobKeeper requiring businesses to work out their projected turnover decline to determine eligibility, there have been concerns from employers that the ATO might come knocking […]
May 19, 2020
jobkeeper

JobKeeper documentation ‘absolutely critical’ in ATO audit

While the ATO has declared that it will take an “understanding and sympathetic” compliance approach when reviewing JobKeeper turnover projections, practitioners have now been urged to document their […]
May 5, 2020
jobkeeper eligibility

The ATO and ASBFEO Explain How the JobKeeper Affects Your Business

Source: Accountants Daily Accountants Daily sister title My Business is proud to introduce a series of webcasts and webinars designed to help business owners stay connected […]
April 30, 2020
jobkeeper payments

Treasurer Hauls Major Banks to the Table on JobKeeper Bridging Finance

Source: Accountants Daily Treasurer Josh Frydenberg has announced that Australia’s four major banks have now agreed to provide “bridging finance” to help businesses pay their employees […]
April 23, 2020
treasury australia

ATO Confirms ‘one in, all in’ JobKeeper Feature

The ATO has now updated its guidance on the JobKeeper payment scheme, giving effect to a key feature that required all eligible employees to be nominated […]
April 20, 2020
ATO

ATO Issues Further Guidance for Sole Traders, Trusts, Partnerships, Companies

Source: Accountants Daily In an ATO update on Thursday, such entities will be eligible if they carried on a business in Australia on 1 March 2020; […]

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