The ATO says that it will be writing to around 100,000 taxpayers with cryptocurrency assets explaining their tax obligations and urging them to review their previously lodged returns. It a...Read MoreRead More
The Acting Premier has announced that the Victorian restrictions will continue for a further seven days for Greater Melbourne with an easing of restrictions for regional areas. The aut...Read MoreRead More
The superannuation guarantee rate will increase from 9.5 per cent to 10 per cent on 1 July 2021.
Employers will need to ensure their payroll and accounting systems are updated to incorp...Read MoreRead More
The AAT has decided that the profit arising from the subdivision of a property into 2 lots and the sale of those lots was assessable as ordinary income.
In August 2016, Yvonne McCarthy an...Read MoreRead More
The ATO has reminded taxpayers of the 3 different methods to calculate WFH running expenses:
an all-inclusive rate of 80 cents per work hour at home for all working from home expenses...Read MoreRead More
The ATO has extended to 2021-22 its transitional compliance approach for the non-arm's length expenditure (NALE) rules set out in Practical Compliance Guideline PCG 2020/5.
As a result o...Read MoreRead More
The ATO has confirmed that an individual can make a downsizer super contribution as an in-specie (ie non-cash) contribution, provided that the other eligibility criteria are satisfied.
...Read MoreRead More
Following recommendations by the Victorian Ombudsman, the Victorian Government has agreed to reassess unsuccessful applications for the Victorian Business Support Fund, which provided eligib...Read MoreRead More
Service NSW is offering a rebate for eligible sole traders, small business owners and not-for-profit organisations in NSW for a small business fees and charges rebate of $1,500.
Funds c...Read MoreRead More
The Corporations Director Identification Number Data Standard 2021, registered on 16 April 2021, the ATO as the Registrar, the power to make data standards on matters relating to the perfor...Read MoreRead More
