Jobmaker Jobkeeper extension 2 Accelerated depreciation Tax treatment of Victorian business grants Varying your PAYG Instalments Trading stock taken for private use Property sales and ATO data matching Online sales data matching Vehicle registration data matching ATO prosecutions Insolvency reforms $10,000+ cash transactions COVID-19 measures JobMaker hiring credit The JobMaker Hiring Credit scheme (“JobMaker”)…
Budget measures now law Jobkeeper overpayments New PAYG Withholding rates Single Touch Payroll – having problems? Need an STP exemption? Shareholder loans Foreign investment in real estate Varying your PAYG Instalment Small business CGT concessions Closing a small business Update your ABN details Changing business structure Paying superannuation to your workers Budget measures…
2020–21 Special Budget Edition A big spending Budget that is all about jobs On Tuesday 6 October, the Treasurer, The Hon Josh Frydenberg MP, delivered the delayed 2020–21 Federal Budget, his second Budget. How times change. In April last year, Mr Frydenberg delivered a Budget that was forecast to produce a surplus. Now, thanks…
Changes to Jobkeeper It’s tax time Instant asset write off Accelerated depreciation Restructuring a small business Bushfire relief payments Director penalties Tax losses Personal services income Home office expenses Government grants Scammers Changes to JobKeeper Government has recently announced a number of changes to JobKeeper. The scheme will continue for an additional 6 months…
Bushfire relief – how the ATO can help ATO looking at your lifestyle Trading stock taken for private use When labour costs might not be deductible Car parking fringe benefits Tip-off to keep the competition fair SMS scams Compensation for ATO admin bungles Super guarantee changes Introduction of Director Identification Numbers Jail for GST fraud…
In This Issue – ATO supporting small business – Have you missed the STP start date? – Get your PAYG Withholding obligations right – Are you changing your business structure? – Working out if you have to pay super – ATO disclosure of business tax debts – Are you holding vacant land? – The end…
Expanding accelerated depreciation Company losses Single touch payroll Small business tax offset Small business CGT concessions Business expenses Keeping records ATO focus areas Tax changes for individuals Low and middle income tax offset Downsizer contribution to super First home super saver scheme PAYG Summaries Assessable income Deductible expenses Rental property repairs vs improvements Residency Super…
IN THIS ISSUE Motor vehicle expenses – how to get them right Disqualifying directors of phoenix companies Small business income tax offset Instant asset write off extended Taxable payments reporting extended Single touch payroll GST and property GST free sales FBT – Xmas parties and cars Rental property deductions for travel SMSF event based reporting…
Borrowing from your business? Find out how you might be triggering the Division 7A rules Are you a shareholder or associate of a private company? Does your company have a distributable surplus at the end of the income year? Do you borrow or use business assets for your personal use and enjoyment? If you answered yes…
IN THIS ISSUE Borrowing from your business Business cars for private use GST for importers Avoiding GST reporting errors Residential rental properties ATO and data analytics Borrowing from your business? Find out how you might be triggering the Division 7A rules Are you a shareholder or associate of a private company? Does your company have…
