STP phase 2 employer transition approach

STP phase 2 employer transition approach

October 1, 2021

The ATO have announced that they will allow deferral of Single Touch Payroll (STP) Phase 2 transition. Where employers can start reporting from 1 January 2022, the ATO will support and ...Read More Read More

Questionable “products” leading to excess fuel tax credits: ATO taxpayer alert

September 23, 2021

The ATO has issued taxpayer alert TA 2021/3: Fuel tax credit overclaims arising from aggressive marketing and use of GPS telematics technology products. The Alert raises the ATO's concer...Read More Read More

Disguising income as gifts or loans from related overseas entities: ATO taxpayer alert

September 23, 2021

The ATO on 17 September 2021 issued taxpayer alert TA 2021/2: Disguising undeclared foreign income as gifts or loans from related overseas entities. The Alert highlights the ATO's concern w...Read More Read More

Super choice rules will change from 1 November 2021

September 21, 2021

You’ll have an extra step to take if you have new employees who start from 1 November 2021 and they don’t choose a super fund. You may now need to request their ‘stapled super fund...Read More Read More

Changes to the myGovID app

September 16, 2021

You may have noticed some changes to your myGovID app, following recent updates. These changes include the option to verify your photo and set up Strong identity strength. If you choose t...Read More Read More

ASIC extends time for public companies to hold annual general meetings

September 9, 2021

In a media release, ASIC has formally extended the time public companies have to hold their annual general meetings, due to restrictions on gathering and movement persist during the COVID-1...Read More Read More

COVID-19 business support programs: data sharing

August 26, 2021

The Treasurer has issued the Taxation Administration (Data Sharing – Relevant COVID-19 Business Support Program) Declaration 2021. The Declaration lists the programs that have been dec...Read More Read More

Tax treatment of COVID-19 Government payments: Bill (No 2) 2021 introduced

August 5, 2021

The Treasury Laws Amendment (COVID-19 Economic Response No 2) Bill 2021, introduced in the House of Reps on 3 August 2021 as 5 Schedules to the Bill, proposes amendments to the ITAA 1997 an...Read More Read More

Common mistakes property investors should avoid: ATO reminder

August 5, 2021

The ATO is reminding property investors to take care when submitting their tax returns. Assistant Commissioner Tim Loh said the ATO have adjusted more than 70% of the 2019–20 returns sel...Read More Read More

COVID-19 business support and disaster payments to be tax-free

August 5, 2021

The Government has introduced the Treasury Laws Amendment (COVID-19 Economic Response No. 2) Bill 2021 to make payments received by eligible businesses under certain COVID-19 business supp...Read More Read More