Key dates for the second JobKeeper extension period
The JobKeeper program moves into its final phase from Monday, with payment rates set to be reduced.
Approaching the dawn
COVID-19 has completely, and mercilessly, dictated the direction of economies and financial markets through most of this year. So, as we rapidly approach the end of an extremely unpredictable and volatile year, what's in store for 2021?
Toyota returns $18m in JobKeeper payments
The Japanese car manufacturer has confirmed it has approached the ATO to return more than $18 million in JobKeeper payments after a spike in sales towards the end of last year.
How Australians are taking advantage of income tax cuts
New research has offered insight into how Australians intend to save the gains generated from income tax cuts rolled out in this year’s federal budget.
Small-business coronavirus grants set to be income tax-free under new bill
A new bill that ensures state and territory grants issued in response to the coronavirus pandemic are not subject to income tax has now been introduced.
ATO extends JobKeeper deadlines ahead of Christmas
JobKeeper deadlines for the second extension period have now been extended by the ATO ahead of the festive season.
Super, death, and taxes
An interesting finding in the federal government's Retirement Income Review report is that many Australians are dying with the majority of the wealth they had when they retired.
JobMaker hiring credit given green light despite ongoing concerns
A Senate committee has recommended that the JobMaker hiring credit legislation be passed, despite concerns over its narrow eligibility and lack of protection for older workers.
FBT – Christmas Parties and Taxi Fares
Some employers, who are commendably anxious to protect their employees and clients from the drink/driving laws, also pay for taxis to and from the place of entertainment.
Employee Christmas Parties and Gifts – Any FBT?
The Christmas break-up party and/or gifts to employees can be exempt from Fringe Benefits if a few rules are followed.