Newsletters
ATO warning – Fraudulent arrangements to obtain/increase Stimulus payments
ATO has warned that it is not acceptable to backdate or artificially change a business structure or employment arrangements, including changing the characterisation of payments, in order to obtain a benefit or payment that would not otherwise have been paid.Tax payers...
ATO warnings about audits and potential big fines for dodgy tax return claims
ATO says it will scrutinise every tax return lodged and will use hi-tech data matching systems to identify fraudulent claims. ATO uses benchmarks to identify small businesses that may be doing the wrong thing by not reporting all of their income or over claiming...
Cash flow boost
Please note that only small and medium businesses that employ staff are eligible to receive the Cash Boost of between $20,000 and $100,000. If your business does not employ staff and does not report wages on your BAS you will not be paid this Cash Boost....
JobKeeper payments
If you are eligible for JobKeeper payments and haven’t registered/requested us to register please do so as soon as possible. If you are unsure please contact us. If you haven’t enrolled, the time to enrol for the initial JobKeeper periods has been extended from 30...
Extension for Single Touch Payroll for closely held payees
A closely held (related) payee is someone who is directly related to the business, company or trust that pays them, such as: family members of a family businessdirectors or shareholders of a companybeneficiaries of a trust. In response to the COVID-19 crisis, ATO has...
COVID-19 early release of super
If you have been financially affected by COVID-19, you may be able to access some of your superannuation early. https://moneysmart.gov.au/covid-19/accessing-your-super Be aware of scams and schemes asking you to pay to release your super. If you receive a phone...
Personal tax returns – Deductions you can claim
To claim a work-related deduction: you must have spent the money yourself and weren't reimbursedit must directly relate to earning your incomeyou must have a record to prove it....
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