News
News
Time running out to register for the JobMaker Hiring Credit
September 8, 2021
The JobMaker Hiring Credit scheme's third claim period is now open, so if a taxpayer has taken on additional eligible employees since 7 October 2020, they may be able to claim JobMaker Hiring Credit payments for their business.
Travel allowances and ‘LAFHAs’
September 8, 2021
Whether accommodation and food and drink expenses are deductible depends on the facts and circumstances of each case, so the Ruling uses examples to show how to determine the deductibility of these expenses in a range of situations.
ATO warns property investors about common tax traps
September 8, 2021
The most common mistake rental property and holiday homeowners make is neglecting to declare all their income, including failing to declare any capital gains from selling an investment property.Assistant Commissioner Tim Loh said: "To put it simply, you should expect tax consequences for any property that you earn income from that isn't your main residence."
The ‘gigs up’ with a new sharing economy reporting regime
August 12, 2021
A new third party regime will require ride-sharing
and short term accommodation online platform
operators to report transactions they facilitate
directly to the ATO.
Taxable Payments Annual Reports (‘TPARs’) due 28 August
August 12, 2021
2021 TPARs are due to be lodged for businesses by 28th August 2021
Changes to STP reporting from 1 July 2021
August 6, 2021
From 1 July 2021, there have been changes to
STP reporting for small employers with closely held
payees and quarterly reporting for micro employers.
Reminder of superannuation caps indexation for 2022
August 6, 2021
From 1 July 2021, the superannuation contributions
caps have been indexed for the 2022 income year.
NSW Government Support Grant
July 9, 2021
There will be an additional NSW State Government support grant, available from late July, to assist businesses affected by the latest COVID-19 restrictions.
News from the NSW Government
January 28, 2021
The NSW Government has provided some important information for businesses.