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Business clients urged to contemplate life without JobKeeper

Business clients urged to contemplate life without JobKeeper

by Shared by Accountants Daily | Jun 24, 2020 | News

With less than 100 days to go until JobKeeper reaches its legislated end date of 27 September, Jirsch Sutherland partner Andrew Spring believes it is time for SME clients to start asking themselves some hard questions, including if they are able to carry on without...
Accountants warn ‘scattergun’ approach to JobKeeper changes will shatter confidence

Accountants warn ‘scattergun’ approach to JobKeeper changes will shatter confidence

by Maja Garaca Djurdjevic | Jun 23, 2020 | News

Addressing a letter to Treasury, the joint accounting bodies have asked the government to reconsider any further changes to JobKeeper, warning that “piecemeal or scattergun” approaches could erode the public’s confidence. “That confidence in...
Australians putting retirement on hold as coronavirus eats away at businesses

Australians putting retirement on hold as coronavirus eats away at businesses

by Shared by the ABC | Jun 23, 2020 | News

Roy Morgan data shared exclusively with 7.30 shows that in February this year, 10 per cent of 60-64-year-olds and 54 per cent of 65-69-year-olds planned to retire in the next 12 months. Read more at ABC. 
SMSFs told to review previous reporting following new laws

SMSFs told to review previous reporting following new laws

by Shared by SMSF Adviser | Jun 23, 2020 | News

With Treasury Laws Amendment (2019 Measures No. 3) Bill passing through the Senate last week and now awaiting royal assent, the ATO is reviewing its compliance approach in relation to transfer balance account calculations where a member has commuted a market-linked...
ATO probing dodgy COVID-19 stimulus access claims for fraud

ATO probing dodgy COVID-19 stimulus access claims for fraud

by Shared by MyBusiness | Jun 23, 2020 | News

The Australian Taxation Office (ATO) has announced it will be using Single Touch Payroll, income tax returns and information reported by super funds to catch inappropriate behaviour.   Read more at MyBusiness. 
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