Recent articles

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

Jobkeeper

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 …

What working from home means for your Tax Return

Coronavirus has changed the way we work and many of us are adjusting to Zoom calls from home and skipping the morning commute into work. While we are saving time and money on travel, it also means an increase in running expenses at home. Here’s what you need to know if you are going to …

COVID19 Update – JobKeeper 30 April 2020

jobkeeper

Full time students aged 16 and 17 years old The rules will be amended so that full time students who are 17 years old and younger, and who are not financially independent, are not eligible for JobKeeper payments. This clarification will apply prospectively, so that eligible employers that have already met the wage condition of …

Director Penalty Regime Extended to GST Liabilities

director penalty

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

superannuation gaurantee

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 …

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