In a recent speech, ATO’s Second Commissioner of Client Engagement, Jeremy Hirschhorn, outlined the expectations of businesses during the COVID era and warns against using loopholes to obtain benefits from […]
One of the many responsibilities of being a trustee for an SMSF is preparing financial statements and accounts for the SMSF every year. As a part of this reporting process, […]
In order to support the economy, the government has decided to extend the temporary JobSeeker COVID supplement for a further 3 months until the 31 March 2021, although at a […]
The Government has released details of what it calls its “JobMaker” hiring scheme. It will take the form of a payment to employers for each new job they create over […]
ATO has reminded trustees of SMSFs with a lodgment due date of 31 October to lodge before the due date for their SMSF annual return (SAR). The 31 October due […]
In the 2020 Federal Budget, the government announced that it intended to make technical amendments to clarify the corporate residency test. While the government has not provided further details, the […]
The Department of Education, Skills and Employment (DESE) has commenced a new data matching program with the ATO in relation to the Supporting Apprentices and Trainees (SAT) measure. The objective […]
In a bid to protect consumers that invest in managed funds, ASIC recently undertook targeted surveillance of some 37 managed funds operated by 20 responsible entities holding approximately $21bn in […]
In the aftermath of Budget 2020, the Labor leader has been given a customary opportunity to outline his party’s vision for Australia in its Budget reply speech. The one proposal […]
