Micro businesses in NSW that met aggregated annual turnover and other eligibility conditions were eligible for the 2021 COVID-19 micro-business grant if they were impacted by COVID-19 restrictions. Whilst application […]
The ATO has recently released details of one of its tools used to obtain assurance that business taxpayers are paying the right amount of GST, called the GST Analytical Tool […]
As tax time 2021 draws to a close, the ATO has issued a reminder specifically to directors of private companies. It has noticed through data-matching activities that many directors of […]
According to some recent statistics released by ASIC, six of Australia’s largest banking and financial services institutions have paid or offered a total of $1.86bn in compensation, as at 30 […]
With tax time 2021 nearly over, many businesses will now finalising their tax returns. For many of these businesses, the 2020-21 income year may not have been a good year […]
A new data matching program is underway in relation to government payments for the 2018-19 to 2022-23 income years. While it may sound boring, if you dig underneath its innocuous […]
The ATO has recently issued an alert warning taxpayers against disguising undeclared foreign income as gifts or loans from related overseas entities, including family and friends. It says it has […]
Due to the ongoing economic impacts of COVID-19 on large parts of Australia, in particular those States and Territories which have had to endure lengthy lockdowns throughout the year, the […]
The Director Identification Number regime came into force late in 2020 as a tool for the government to reduce phoenixing and black economy activities. Broadly, the regime will require all […]
With the Federal government getting ready to reopen large swathes of the country when various States and Territories reach an 80% full vaccination target, it is also making changes to […]
