Income Support for Sole Traders & Partners The government has temporarily expanded (for the next 6 months) the eligibility for income support payments (jobseeker allowance) to permanent...
Providing Support for Retirees
Thursday March 26 2020
The Government is helping retirees to manage the impact of the fluctuations in the share market on their superannuation balances by temporarily reducing the minimum pension drawdown requirements.The...
Boosting Cash Flow for Employers
Thursday March 26 2020
The government is providing up to $100,000 to eligible small and medium sized businesses that employ people with a minimum payment of $20,000. This measure has been announced in the two economic...
MyGovID
Thursday February 27 2020
From the 27th of March 2020 AUSKEY will be discontinued. Any services you access with your Auskey such as the Business Portal or the Australian Business Register will now only be accessible...
SMS for SMSF
Wednesday February 12 2020
In line with the ATO’s focus on ensuring people’s super remains secure it has announced it will send out an email and/or a text message via an SMS when changes are made to the details of an...
Proposed Residency Rules as issued by the Board of Taxation
Wednesday February 05 2020
In March 2019 the Board of Taxation delivered to the Treasurer it’s preferred model for simplifying the rules around the determination of individual residency. The proposed rules aim to...
No CGT Main Residence Exemption for Non-Residents
Wednesday January 29 2020
The Government recently tabled legislation, in a second attempt to deny access to the CGT main residence exemption for individuals who are foreign residents (i.e., non-resident taxpayers for...
ATO and 2019/2020 Bushfire Assistance
Wednesday January 22 2020
Following the devastating bushfires across large parts of Australia in the summer of 2019/2020, the ATO has offered ongoing concessions. In particular, a specific helpline (1800 806 218) has...
STP and Superannuation Guarantee
Wednesday January 15 2020
At the Australian Institute of Superannuation Trustees Chairs Forum, the ATO's Deputy Commissioner of Taxation has confirmed that as a result of STP, the ATO now has an "unprecedented level of...
PAYG and Deductions for Payments to Workers
Friday January 10 2020
The ATO is reminding business taxpayers that deductions are no longer available for certain payments to workers if they have not met their PAYG withholding obligations from 1 July...