Supply of transaction account GST-free to extent of use outside Australia
June 4, 2020
The ATO has released Draft Goods and Services Tax Determination GSTD 2020/D1, setting out the Commissioner's proposed view on the extent to which the supply of a transaction account is GST...
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2019-20 tax return pre-fill to include JobSeeker payments
June 4, 2020
From 20 March 2020, the new JobSeeker payment replaced certain Centrelink payments you may receive from Services Australia. As a result of these changes, your Centrelink payment summaries fo...
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Instant asset write-off and the car limit
June 4, 2020
Following the expansion of the instant asset write off, the ATO has clarified that the car limit of $57,581 (for the 2019–20 financial year) applies to passenger vehicles (except motorcycl...
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Finalised STP data due in July
May 28, 2020
The ATO has reminded employers to finalise payroll information through their Single Touch Payroll (STP) provider after the last pay run for the financial year. Large employers with 20 or mor...
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ATO announces no penalties or lodgment program impacts for late lodgments up to 30 June 2020
May 28, 2020
In an email to tax professionals on 25 May, ATO Deputy Commissioner Hoa Wood recognised the efforts of tax agents to complete lodgments as quickly as possible and that under the current circ...
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FAQs on COVID-19 and residential rental property
May 21, 2020
The ATO has released frequently asked questions (FAQs) and other information to help tax practitioners and their clients understand their rental property obligations and what information cli...
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COVID-19: Div 7A practice statement updated
May 14, 2020
The ATO has updated its practice statement on Div 7A to reflect concessions for the lodgment of trust income tax returns for the 2018/19 income year as part of its COVID-19 response. This up...
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STP for closely-held payees deferred to 2021
April 30, 2020
As part of its response to the COVID-19 crisis, the ATO has extended the Single Touch Payroll (STP) exemption deadline for small employers (those with 19 or fewer employees) needing to repor...
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States offer land tax relief to landlords
April 30, 2020
Various state governments have offered land tax relief to landlords with tenants impacted by the COVID-19 pandemic. The benefits of the relief must be passed on to tenants in the form of red...
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JobKeeper payment dates
April 30, 2020
The payment dates for all JobKeeper fortnights are:
30 March – 12 April by Friday 8 May
13 April – 26 April by Friday 8 May
27 April – 10 May by Sunday 10 May
11 May ...
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