by Craig | Apr 6, 2022 | ATO, COVID-19
2022-2023 Budget Measures that are now law Low and Middle Income Tax Offset A measure that will no doubt be beneficial for individual taxpayers is the increase in the Low and Middle Income Tax Offset (‘LMITO’) for the 2022 income year by $420. The LMITO is a tax...
by Craig | Feb 2, 2022 | ATO, COVID-19, JobKeeper Payment
ATO support for businesses in difficult times The ATO has reminded taxpayers that it has a range of support available for small businesses experiencing difficult situations, such as natural disasters, mental health challenges or financial hardship. ...
by Craig | May 5, 2021 | ABN, ATO, JobKeeper Payment, Practice Update
Government proposal to modernise business communications The Government has committed to modernising certain laws so that they are ‘technology neutral’ to enable easier communication between businesses, individuals and regulators. The first phase of...
by Craig | Apr 14, 2021 | ABN, GST, JobKeeper Payment, Practice Update
JobKeeper comes to an end The ATO has advised that the final JobKeeper payment will be processed in April 2021. Enrolled businesses do not have to do anything when the program closes, although they will need to complete their final March monthly business declaration...
by Craig | Aug 16, 2020 | ATO, JobKeeper Payment, Practice Update
Extension of the JobKeeper Payment Sadly, many Australian businesses are a long way from trending back to ‘normal’ as we approach 27 September 2020, the original date that JobKeeper was set to end. Thankfully, the government has announced an...
by Craig | Jul 6, 2020 | ATO, COVID-19, JobKeeper Payment, Practice Update
Treasury Laws Amendment (2020 Measures No 3) Bill 2020 Treasury Laws Amendment (2020 Measures No 3) Bill 2020 has passed both Houses of Parliament and is now law. Extending the Instant Asset Write-Off This legislation amends the income tax law to allow a business with...
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