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...Read MoreRead More
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...Read MoreRead More
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...Read MoreRead More
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 ...Read MoreRead More
The ATO has extended the deadlines for businesses to enrol for the initial JobKeeper periods and to pay the first JobKeeper Payments.
The deadline for businesses to enrol for the initial ...Read MoreRead More
Full-time students aged 16 and 17 years: Full-time students who are 17 years old and younger, and who are not financially independent, are not eligible for the JobKeeper Payment and this cl...Read MoreRead More
Business structures that house their employees in a separate entity from the operating entity may still be able to access the JobKeeper Payment scheme. They can do so by applying an alternat...Read MoreRead More
Quarterly GST reporters that import goods into Australia may use the deferred GST scheme to assist with business cash flow during the COVID-19 period by changing to a monthly reporting optio...Read MoreRead More
The ATO has advised that it is providing a short-term blanket deferral for a number of lodgement and payment obligations, to ease the burden on tax professionals during this difficult time.
...Read MoreRead More
The Commissioner has registered Legislative Instrument Coronavirus Economic Response Package (Payments and Benefits) Alternative Decline in Turnover Test Rules 2020. The rules provide altern...Read MoreRead More
