by Craig | Sep 6, 2022 | ATO, COVID-19, SMSF, Superannuation
More COVID-19 business grants are now tax-free The Federal Government has expanded the list of State and Territory COVID-19 grant programsthat may be tax-free to eligible businesses.A State or Territory Government COVID-19 grant payment will generally be tax-free if:...
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...
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