You’ve enrolled for JobKeeper – what do you need to do now to receive the payment?

As part of the JobKeeper Payment obligation, employers are required to identify and report eligible employees on a monthly basis to the ATO. And this must be done every month in order to receive the payment. Employers are also required to report income on a monthly basis (actual income for last month and projected income …

Director Penalty Regime Extended to GST Liabilities

The current director penalty regime allows the Commissioner to recover unpaid superannuation guarantee (SG) charge, PAYG withholding for directors of a company. From 1 April 2020, this regime has been extended to allow the Commissioner to recover from directors unpaid amounts of; a company’s liability to pay net amounts of GST for a tax period …

Superannuation Guarantee Amnesty Bill finally receives Royal Assent

The Treasury Laws Amendment (Recovering Unpaid Superannuation) Bill 2019 received Royal Assent on 6 March 2020. This Amnesty provides a once off opportunity for employers to self-correct historical SG non-compliance dating from 1 July 1992 to 31 March 2018. Quarters post March 2018 are not eligible for the amnesty. The amnesty allows employers to claim …

COVID19 Update – Commercial Tenancies Federal Announcement

The Federal Government has announced that States will implement a mandatory Code of Conduct in relation to commercial tenancies in place between landlords and their tenants. The Code will remain in place between 3 April 2020 and for the duration of the JobKeeper payment. You may sit on either side of the fence, for example …

COVID19 Update – WA Payroll tax and other measures

The WA State Government announced further measures to assist both small business and consumers during the COVID crisis. Please contact us here if you require assistance or to discuss how this and other measures announced affect your business. Payroll Tax Of particular benefit to small business is the announcement that payroll tax will be waived …

COVID19 Update – JobKeeper Payment Announced

Further to the measures announced by Federal and State Governments over the last few weeks, (as detailed in our previous blog here) the Government has announced a $130 billion JobKeeper payment to help keep more Australians in jobs and support businesses affected by the significant economic impact caused by the Coronavirus. Our view is that …