ATO announces STP Phase 2 blanket deferral
Australian employers will now have two more months to transition to the second phase of Single Touch Payroll as the ATO announces a blanket deferral in light of the current business environment.
Reminder: super changes for the 2021 financial year
The government’s long-slated “flexibility in superannuation” legislation is finally law.
Greenhouse gas emission by country since 1880
The total sum of CO2 emissions since 1880 (in tons). Food for thought, that's for sure
Treasury consults on increase to charities financial reporting threshold
The revenue thresholds defining small, medium and large charities are set to be raised, saving over 5,000 charities the need to produce reviewed or audited financial statements.
ATO extends COVID-19 relief for SMSFs
The ATO has made an extension to several COVID-19 compliance relief for SMSFs to cover the 2021-22 financial year.
Government expands SME loan scheme eligibility
Businesses that didn’t previously receive JobKeeper will now be eligible for loans of up to $5 million under the scheme, which will be made available through select lenders until 31 December.
Pitfalls and proposed changes in the use of R&D tax incentives
Since its introduction, a number of taxpayers have fallen foul of the ATO in its administration of the research and development (R&D) tax incentive scheme under the Income Tax Assessment Act 1997 (Cth) (ITAA) for failing to have claimed an offset for an activity that strictly complies with the relevant tests.
Extra ‘super’ step when hiring new employees
Most new employees are eligible to choose the super fund you pay their super guarantee contributions to.
World’s largest armies 1816 – 2020
Adding a slice of interesting trivia is a great way to offer something or those clients who don't want to read, and September is no exception. What we add is great for trivia competitions, especially if you get to draft the questions.
ATO issues warning to first-time investors
A surge in first-time investors trading shares and exchange-traded funds (ETF) has prompted the ATO to issue a warning on share tax treatment and the behaviour that raises red flags.