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…
Client Alert - 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…
Lost paper receipts see 1 in 4 SMEs miss out by thousands
A new report conducted by Aussie fintech company Slyp and big four bank NAB surveyed over 300 businesses to identify the impact paper receipts have on SMEs come tax time.
According to the research, 25 per cent of those surveyed have lost…
Explanatory Memorandum - July 2021
Temporary COVID Disaster Payment now available
The Federal Government has announced a temporary COVID Disaster Payment to assist workers who reside or work in a Commonwealth declared hotspot, who are unable to attend work and earn an income…
Client Alert - July 2021
Temporary COVID Disaster Payment now available
The Federal Government has announced a temporary COVID Disaster Payment to assist workers who live or work in a Commonwealth declared hotspot, who are unable to attend work and earn an income as…
Superannuation Guarantee Changes from 1 July 2021
Superannuation Guarantee rate increases to 10% on 1 July 2021
The Superannuation Guarantee (SG) rate as currently legislated will increase from 9.5% to 10% with effect from 1 July 2021 with further increases of 0.5% per year to come from…