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Legislation introduced to regulate payment times

Legislation introduced to regulate payment times

by Maja Garaca Djurdjevic | May 13, 2020 | News

The Payment Times Reporting Bill 2020 will legislate transparency for large business payment times by requiring large businesses to report their payment policies, providing small businesses with information to enable them to identify their customers.  Businesses with...
Industries seeking early super ‘in line with expectations’

Industries seeking early super ‘in line with expectations’

by Shared by SMSF Adviser | May 13, 2020 | News

According to an analysis by AMP, the hospitality and the arts and recreation industries have seen the highest rates of workers applying for early access to their super funds. Read more at SMSF Adviser.
Cutting red tape a priority for government in post-COVID-19 rebuild

Cutting red tape a priority for government in post-COVID-19 rebuild

by Shared by MyBusiness | May 13, 2020 | News

As we head into a post-crisis world, the government’s focus will be on practical solutions to the most significant challenges presented by the coronavirus pandemic, Treasurer Josh Frydenberg said on Tuesday, as he delivered a sombre economic update instead of...
JobKeeper documentation ‘absolutely critical’ in ATO audit

JobKeeper documentation ‘absolutely critical’ in ATO audit

by Shared by Accountants Daily | May 13, 2020 | News

While the ATO has declared that it will take an “understanding and sympathetic” compliance approach when reviewing JobKeeper turnover projections, practitioners have now been urged to document their work as much as possible to cover all the bases when the ATO comes...
Processing of early release of super applications resumes

Processing of early release of super applications resumes

by Maja Garaca Djurdjevic | May 13, 2020 | News

Processing of applications and creation of backend files the Australian Taxation Office (ATO) produces for superannuation funds has resumed this week, after it was paused for a day last week to “further enhance its systems in response to new techniques criminals are...
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