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ATO cautioned as it eyes debt collection restart

ATO cautioned as it eyes debt collection restart

by Maja Garaca Djurdjevic | Jul 6, 2020 | News

The Tax Office has earmarked August and September as potential time frames to restart its tax debt collection activities, after it hit pause on such matters earlier this year due to COVID-19. Read more at the Accountants Daily. 
ATO releases tax time toolkit for small business

ATO releases tax time toolkit for small business

by Maja Garaca Djurdjevic | Jul 5, 2020 | News

The ATO’s toolkit packages up a series of easy-to-understand fact sheets on topics that small businesses need to know this tax time, especially given the tax implications of COVID-19.  “As we all continue to navigate the COVID-19 pandemic, we completely...
ASBFEO recovery reforms desperately needed, says expert

ASBFEO recovery reforms desperately needed, says expert

by Shared by MyBusiness | Jul 5, 2020 | News

Ms Carnell recommended a number of reforms for the post-COVID-19 recovery phase, including a new industry award, a federal claims tribunal, a government-backed revenue-contingent loan and a small-business procurement panel. Read more at MyBusiness. 
More than 6,500 applications for JobKeeper rejected due to ineligibility or fraud, ATO says

More than 6,500 applications for JobKeeper rejected due to ineligibility or fraud, ATO says

by Shared by the ABC | Jul 5, 2020 | News

As the Federal Government undertakes a review of its $70 billion JobKeeper wage subsidy, the ATO told ABC News 3,000 staff would be doing ongoing reviews of JobKeeper applications. Read more at the ABC. 
Major bank falls prey to $8m underpayment

Major bank falls prey to $8m underpayment

by Shared by Accountants Daily | Jul 5, 2020 | News

A review of Westpac’s payroll and long service leave arrangements has revealed the underpayment of long service leave entitlements. Read more at the Accountants Daily. 
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