• 1 Nov, 2021

Deadline for Director Identification Number applications

Directors of companies will soon have to enrol in the Director Identification Number regime. This requires that current and future directors apply for director identification numbers (DIN) which will be…

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  • 26 Oct, 2021

COVID-19 relief for SMSFs extended

SMSF trustees will have various relief applied for another year, due to the ongoing effects of the COVID-19 pandemic. The relief relates to residency requirements, related party rental relief, loan…

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  • 21 Oct, 2021

New stapled super changes coming for employers

Employers get ready, there‚Äôll soon be an extra step involved when it comes to hiring new employees. From 1 November 2021, employers will need to determine if a new employee…

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  • 12 Oct, 2021

ATO data matching of lifestyle assets extended

23 July 2021 Even among the doom and gloom of the pandemic lockdowns, the ATO continues to march on with its data matching programs. This time it has extended a…

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  • 8 Oct, 2021

Changes to COVID-19 support for business

With NSW, Victoria and ACT to exit lockdown at the onset of 70% and 80% full vaccination targets in line with the national Roadmap, various jointly funded COVID-19 business support…

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  • 6 Oct, 2021

ATO turns its attention to crypto

Individuals and businesses trading in cryptocurrency and non-fungible tokens beware, the ATO is cracking down on those not including their capital gains or losses in their tax returns. Although many…

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  • 4 Oct, 2021

Federal COVID-19 Disaster payment to be phased out

The COVID-19 disaster payment that has supported individuals unable to work in their usual employment due to the effects of lockdowns will be phased out gradually as the various States…

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  • 30 Sep, 2021

Beware of extra JobSaver eligibility condition

NSW businesses currently on JobSaver support should be aware of the extra eligibility condition being introduced which require businesses to reconfirm their eligibility every fortnight for the duration of the…

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  • 22 Sep, 2021

ATO compliance: economic stimulus measures

Businesses that have utilised economic stimulus measures such as loss carry-back, temporary full expensing and accelerated depreciation need to take extra care this tax time. The ATO is increasing its…

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  • 15 Sep, 2021

Tax time 2021: rental property pitfalls

Tax time 2021: rental property pitfalls 13 August 2021 This tax time, the ATO will again be closely monitoring claims in relation to rental properties. As with previous years, it…

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