TOPIC
Payday Super arrives midyear. Are your clients ready?
Payday Super will mean more admin and costs for small businesses, says the IPA's Tony Greco. It's time to prepare.
ATO paying interest on early payments from March
The eligible payments included in the scheme include those made on 13 March 2022, in which the ATO said it would be paying IEP entitlements...
Early payments will earn automatic interest, says ATO
For eligible payments made after 13 March 2022, the ATO is paying IEP entitlements generally within two weeks of the due date of the liability....
ATO urges urgent action on cyber security
ATO assistant commissioner Darryl Richardson said accountants are already involved in system and process changes with new client verification...
A guide to FBT returns for employers
When is a return necessary? Whenever a benefit is provided to employees, the requirement to lodge an FBT return may be triggered. This...
ATO updates online services for recontribution of COVID payments
In an online CRT Alert, the ATO reminded members and tax professionals that from 1 July 2021 to 30 June 2030, individuals can recontribute...
COVID deductions ‘rely on work-related purpose’
Mark Chapman said if RATs were purchased as a result of your job, they were already covered by existing tests for work-related purpose. Read more...
AAT decision cautions R&D Incentive claims involving trust structures
Case details The applicant was a company that was also a trustee of a discretionary trust. In its capacity as a company (Company), the applicant...
Reinsurance Pool expected to provide relief to Northern Australian households and small businesses
“Our insurance is ridiculous considering we have never had flood or cyclone damage at our place, even when cyclones have hit”, says an IPA member...
ATO reassures flood victims
The ATO is providing support for small business and individual taxpayers in affected local government areas (LGAs) in Queensland and NSW that...
Why accountants must factor in $3 fuel
The senior manager of business policy at the professional body believes the UK and US – where costs are rising at 5-7 per cent – show inflation...
