by Shared by Accountants Daily | Sep 7, 2020 | News
The Tax Office has now updated its web guidance to confirm that while JobKeeper payments are ordinary income, they are not earned in the ordinary course of business, and hence are not included in the calculation of aggregated turnover. Read more at Accountants...
by Maja Garaca Djurdjevic | Sep 7, 2020 | News
Victorian Premier Daniel Andrews set out his plan to reopen metropolitan Melbourne and regional Victoria on Sunday, outlining a four-stage roadmap that is closely tied to the daily number of coronavirus cases in the state. According to the plan, accounting practices...
by Shared by SMSF Adviser | Sep 7, 2020 | News
In a short research paper, Parametric head of research Raewyn Williams and analyst Josh McKenzie stated that investment tax inside super may be a “political soft target” because it won’t be felt directly in most voters’ hip pockets. Read more at SMSF...
by Maja Garaca Djurdjevic | Sep 7, 2020 | News
Hussain Nazeer, a formerly registered Business Activity Statement (BAS) agent, was found to have lodged 22 fraudulent income tax returns for 14 of his clients between 2010 and 2013, which resulted in $23,000 of refunds that he kept for himself. According to the ATO,...
by Shared by MyBusiness | Sep 6, 2020 | News
The Australian Taxation Office (ATO) has now issued preliminary guidance on the extension of the JobKeeper stimulus measure to 28 March 2021, following its passage through Parliament on 1 September. Read more at MyBusiness.
