by Shared by The Age | Jul 27, 2020 | News
Only 15,600 business loans worth $1.5 billion have been issued out of the $40 billion available under the scheme announced in the March stimulus package with banks and the government committing $20 billion each. Read more at The Age.
by Shared by Accountants Daily | Jul 27, 2020 | News
The coronavirus pandemic has now led to a steep decline in personal income tax, company tax and GST receipts, with the Treasury revising tax revenue down by $95.6 billion across 2019–20 and 2020–21. Read more at Accountants Daily.
by Shared by SMSF Adviser | Jul 27, 2020 | News
In a recent discussion with Smarter SMSF, ATO assistant commissioner, SMSF segment, Steve Keating said the ATO is worried that some trustees don’t fully understand how the credits and debits in their transfer balance account operate, which may expose them to potential...
by Shared by MyBusiness | Jul 26, 2020 | News
In an address to the National Press Club, Mr Frydenberg noted opportunities provided to workers through schemes such as JobKeeper and JobMaker will not be fully realised unless efforts are made to address the “inflexible industrial relations system”. Read more at...
by Shared by Accountants Daily | Jul 26, 2020 | News
In a scathing submission to the ATO, a group of organisations — including the joint professional accounting bodies — has now criticised the agency’s ongoing consultation process on guidance around how professional practices allocate income, which includes the use of...
