21 Oct, 2021

New stapled super changes coming for employers

Employers get ready, there’ll 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…

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…

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…

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…

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…

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…

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…

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…

7 Sep, 2021

Reminder: super changes for the 2021 financial year

6 August 2021 The government’s long slated flexibility in superannuation legislation is finally law. What this means is from 1 July 2021, individuals aged 65 and 66 can now access…

Changes-from-1-July-2021 Single Touch Payroll

25 Aug, 2021

STP phase 2 coming soon

30 July 2021 The ATO is expanding the information that your business sends through Single Touch Payroll (STP). From 1 January 2022, most employers will be required to send additional…