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Businesses ‘blindsided’ by new JobSaver rules

Businesses ‘blindsided’ by new JobSaver rules

by Shared by MyBusiness | Sep 14, 2021 | News

The announcement comes after Service NSW informed businesses on Friday (10 September) that they would be required to reaffirm their decline in turnover every two weeks, starting from 10 September, to remain eligible for JobSaver payments. Read more at...
ATO lets ineligible businesses off the hook for $180m in JobKeeper payments

ATO lets ineligible businesses off the hook for $180m in JobKeeper payments

by Shared by Accountants Daily | Sep 14, 2021 | News

Speaking to a Senate inquiry on Friday, Tax Commissioner Chris Jordan said the Tax Office has so far conducted audits of 1,600 businesses that received the $90 billion federal wage subsidy, of which 95 per cent met eligibility requirements.  Read more at Accountants...
Global mining tax transparency initiative stalls in Australia

Global mining tax transparency initiative stalls in Australia

by Juliet Helmke | Sep 14, 2021 | News

Public policy think tank the Australia Institute is urging the government to reconsider its commitment to tax transparency in the extractive industries. The institute is part of a multi-stakeholder group that has been overseeing Australia’s bid to join the Extractive...
SMSFs warned on managing changing ATO processes for fund establishment and compliance

SMSFs warned on managing changing ATO processes for fund establishment and compliance

by Shared by SMSF Adviser | Sep 13, 2021 | News

In a recent update, Smarter SMSF Aaron Dunn said that over the past 12-18 months there has been a heightened level of interest in establishing SMSFs as more individuals take a greater interest in the decision making and control of their retirement savings. Read more...
ASIC extends relief for employee redundancy funds

ASIC extends relief for employee redundancy funds

by Shared by MyBusiness | Sep 13, 2021 | News

Employee redundancy funds pool contributions from employers for employee redundancy payments.  Read more at MyBusiness.
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