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Snap lockdowns remain essential despite costing $3bn a week

Snap lockdowns remain essential despite costing $3bn a week

by Shared by Nestegg | Aug 5, 2021 | News

In a media briefing with the Doherty Institute, discussing Australia’s way out of the pandemic, the Treasurer confirmed the high cost of remaining unvaccinated. Read more at Nestegg.
SME business conditions reach record high pre-lockdown

SME business conditions reach record high pre-lockdown

by Shared by Investor Daily | Aug 5, 2021 | News

NAB released the results of its Q2 SME Business Survey last week that show that the SME sector recorded business conditions increase of 31 index points through the quarter, the highest level seen since the survey began in Q2 2006. Read more at Investor...
First meeting of Tax Practitioner Governance and Standards Forum tackles TPB reforms

First meeting of Tax Practitioner Governance and Standards Forum tackles TPB reforms

by Juliet Helmke | Aug 4, 2021 | News

A new forum to consult with tax practitioners on significant legislative changes has met for the first time. Following the conclusion of an independent review of the Tax Practitioners Board (TPB), the results of which were released in November 2020, the government...
COVID disaster payments to be tax free under new amendment

COVID disaster payments to be tax free under new amendment

by Juliet Helmke | Aug 4, 2021 | News

Confirming the news that Prime Minister Scott Morrison announced last week in an interview with ABC radio, an amendment has been introduced to make COVID-19 disaster payments tax free for individuals and businesses. The law, titled Treasury Laws Amendment (COVID-19...
ATO faces pressure over 85% lodgement benchmark review

ATO faces pressure over 85% lodgement benchmark review

by Shared by Accountants Daily | Aug 4, 2021 | News

The 85 per cent on-time lodgement requirement is a performance benchmark that tax agents are expected to meet in order to retain access to the lodgement program, which can be revoked by the ATO if practitioners repeatedly post poor lodgement results. Read more at...
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