Explanatory Memorandum – November 2021
ATO scrutinising gifts or loans from overseas
The ATO has recently issued an alert warning taxpayers against disguising undeclared foreign income as gifts or loans from related overseas entities, including family and friends. It says it has…
Client Alert - November 2021
ATO scrutinising gifts or loans from overseas
The ATO has recently issued an alert warning taxpayers against disguising undeclared foreign income as gifts or loans from related overseas entities, including family and friends. It says it has…
Explanatory Memorandum – October 2021
Federal COVID-19 support developments
Additional financial support for child care providers
On 23 August the Prime Minister and the Minister for Education and Youth issued a joint media release announcing new support measures for child care…
Client Alert - October 2021
Federal COVID-19 support developments
Additional financial support for child care providers
The Prime Minister and the Minister for Education and Youth recently announced new support measures for child care providers that are impacted by extended…
The ATO is targeting side hustlers: Here’s what you need to know
This is an interesting article for those of you who have started a side business.
Starting a side business can open a path towards financial freedom, but that opportunity comes with the risk of falling afoul of the Australian Taxation Office.
Director…
Explanatory Memorandum - September 2021
Single Touch Payroll update
Phase 2 coming soon
The ATO is expanding the information that businesses send through Single Touch Payroll (STP). From 1 January 2022, most employers will be required to send additional information such as the…
Client Alert - September 2021
Single Touch Payroll update
Phase 2 coming soon
The ATO is expanding the information that businesses send through Single Touch Payroll (STP). From 1 January 2022, most employers will be required to send additional information such as the…
More support for NSW businesses as Premier declares ‘national emergency’
Projections from earlier in the week by the Population Interventions Unit at the University of Melbourne estimated that Sydney’s stay-at-home orders would need to be extended into September to get the latest outbreak under control, meaning…
Parliament Passes Bill on Tax-Free COVID-19 Support Payments
The Treasury Laws Amendment (COVID-19 Economic Response No. 2) Bill 2021 finally passed both houses without amendment on Monday after the Senate agreed not to insist on a transparency measure which would have forced businesses to disclose…
Explanatory Memorandum - August 2021
ATO tax time support: COVID-19 and natural disasters
The ATO has a range of year-end tax time options to support taxpayers who have been affected by the COVID-19 pandemic and recent natural disasters.
Income statements can be accessed in…