Thousands of business that had their applications for JobKeeper and Cash Flow Boost denied will automatically have their cases review by the ATO following a decision in the Federal Court in March. The ATO has conc
The Federal Treasurer, Mr Josh Frydenberg, handed down the 2021–22 Federal Budget at 7:30 pm (AEST) on 11 May 2021. A stronger than expected economic recovery from the COVID-19 recession has resulted in a budget
April 2021 has been a closely observed month financially, with many government COVID-19 economic supports coming away. There’s no doubt that some businesses will find themselves owed debts that cannot be recovered from
Small businesses now have another pathway to resolve tax disputes, with the ATO making its independent review service a permanent option for eligible small businesses (those with a turnover of less than $10 million) afte
We are pleased to supply you with the latest edition of Client Alert, which contains information on a number of important developments up to and including 23 April 2021: Keeping you informed about the Federal Budget and
Having insurance through superannuation can be a tax-effective and cost-effective way of protecting yourself and your loved ones. Most funds offer three different types of insurance through super, each covering different
The ATO is reminding owners of businesses that provide various services to lodge their taxable payments annual report (TPAR) for the 2019–2020 income year. It estimates that around 280,000 businesses were required to l
We are pleased to supply you with the latest edition of Client Alert, which contains information on a number of important developments up to and including 19 March 2021: It’s time to consider FBT – If your business h
Our DFK ANZ Summer Bulletin is now available. Among the many topics covered in this latest newsletter are: myGovID and Business Portal updates Age Limits on Superannuation Contributions Div 7A Loans and COVID-19 I
The end of the Fringe Benefits Tax year just around the corner and now is the time to take advantage of last-minute tax planning opportunities. Below is a summary of the most common types of fringe benefits, and their ta
We are pleased to supply you with the latest edition of Client Alert, which contains information on a number of important developments up to and including 19th February 2021: Tax implications of having more than one job
Small employers with closely held payees have been exempt from reporting these payees through single touch payroll (STP) for the 2019–2020 and 2020–2021 financial years. However, they must begin STP reporting from 1
