Ruling on JobKeeper decline in turnover test amended
October 24, 2020
An addendum has been issued to Law Companion Ruling LCR 2020/1 , dealing with the decline in turnover test introduced by the Coronavirus Economic Response Package (Payments and Benefits...
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Withholding tax tables updated
October 24, 2020
Employers have up to 16 November 2020 to update their payroll systems to reflect the changes to the personal income tax thresholds for the 2020-21 income year.
The ATO has published the...
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2020-21 Federal Budget New Measures
October 15, 2020
Personal income tax cuts: increase to low income tax offset and changes to income tax thresholds brought forward, low and middle income tax offset retained for 2020-21.
Temporary loss...
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JobKeeper August declaration – what is different
August 27, 2020
The August JobKeeper monthly business declaration is due by Friday 14 September. The August declaration is different with three fortnights to claim:
Fortnight 9 – commencing 20 July
...
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JobKeeper Payment Scheme Extension
August 14, 2020
The purpose of this Fact Sheet is to enable you to make a quick assessment of your eligibility for the Government's JobKeeper Payment Scheme extension beyond the original end date of 27 Sept...
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JobKeeper Payment further expanded
August 14, 2020
The Government has announced further changes to the JobKeeper Payment scheme that relate to the GST turnover reference period and employee eligibility.
From Monday 28 September 2020, busi...
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Debt forgiveness for tax purposes
August 7, 2020
The ATO has clarified its position on loans that have been put on hold during COVID-19.
A debt is considered as being forgiven for tax purposes if, generally:
the debtor is someh...
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Temporary Occupational Health and Safety (COVID-19 Incident Notification) Regulations 2020 (OHS COVID-19 Regulations) commenced on Tuesday 28 July 2020.
July 29, 2020
Temporary Occupational Health and Safety (COVID-19 Incident Notification) Regulations 2020 (OHS COVID-19 Regulations) commenced on Tuesday 28 July 2020.
In this state of emergency and pande...
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COVID-19 SME Guarantee Scheme extended
July 24, 2020
The Coronavirus SME Guarantee Scheme to assist small and medium enterprises (SMEs) impacted by the coronavirus to access working capital will be extended to loans written until Tuesday 30 Ju...
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Income support extended
July 24, 2020
The payment period of the temporary Coronavirus Supplement has been extended to Thursday 31 December 2020.
Eligible income support recipients will continue to receive the payment at a rat...
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