Client Alert - Division 296, ATO Interests and more
HECS/HELP debt reduction Bill introduced
On 23 July, the Labor government introduced legislation aimed at enacting its election promise to reduce student debt by 20%. The Bill proposes to:
provide a one-off 20% reduction to Higher Education…
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…
NSW announces small business support grants: How to access the funds
The NSW government is offering small businesses support grants to help alleviate cash flow constraints while trading is restricted, targeted particularly at sole traders and non-for-profit organisations, with expanded criteria to assist most…
Client Alert Explanatory Memorandum (August 2017)
Tax cut for small businesses: ATO will amend returns
For the 2016–2017 income year, the company tax rate for small businesses decreases to 27.5%. Companies with turnover of less than $10 million are eligible for this rate. The maximum franking…
Client Alert Explanatory Memorandum (April 2017)
Ride-sharing drivers must register for GST
Not surprisingly, the ATO has moved quickly to state its views on the implications of the recent Federal Court decision regarding Uber. The Court held that the UberX service supplied by the…