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.
ASIC issues JobKeeper notice and guidance
New JobKeeper obligations commenced on 14 September 2021, requiring all listed entities that received JobKeeper payments to give a notice to the...
Time running out to claim JobMaker Hiring Credits
The Australian Taxation Office released advice on Monday (18 October) in regard to the changes made to help support small businesses. Businesses...
NSW government announces $100m skills package
The recovery package contains new funding to extend the successful JobTrainer program, hundreds of fully funded school-based apprenticeships and...
Work-from-home shortcut method extended
This will see taxpayers able to claim the 80 cents per hour temporary shortcut method to calculate working from home deductions. The ATO flagged...
Small businesses urged to participate in consultation on new trusts laws
The consultation paper released last week explores ways to clarify how trusts, which are commonly used by small businesses, are treated under...
Navigating arising pitfalls that can impact the full commutation strategy for pensions
In a recent blog update, Heffron managing director Meg Heffron said that there will always be times when an SMSF might consider a full...
ASIC further extends temporary financial advice relief measures in COVID-19 instrument
ASIC announced it had extended the “record of advice” relief measure, which allows financial advisers to provide a record of advice, rather than...
PAYG penalties put on hold
Due to the ongoing impacts and economic uncertainty of COVID-19, the Tax Office said penalties will not apply if customers have taken reasonable...
Refund Manager and Audit Australia partner for trusted account management and auditing
The partnership aims to provide more efficient and secure online trust account management and auditing services to accountants who use the...
FVS alert system now in operation
The ATO will issue these alerts to the contact email address listed for USIs on the FVS, service providers and administrators who support...
