The Australian Taxation Office (ATO) has made changes to the Fuel Tax Credit rates, impacting claiming credits for eligible fuel use.
The reduced eligibility age to make a downsizer contribution from age 55 is now law.
The Australian Tax Office (ATO) is responding to increased criminal efforts to impersonate legitimate taxpayers to lodge fraudulent tax returns or gain access to data that they can make money from with changes that prevent unauthorised access to client accounts.
The ATO is ramping up their debt recovery action across the board for individuals as well as companies. It is crucial to keep all lodgements up to date even if the resulting debt can’t be paid straight away.
If the ATO believes you are no longer carrying on an enterprise, they may contact you to advise of their intention to cancel the Australian Business Number (ABN).
From 1 November 2021, if you have new employees start, you may have an extra step to take to comply with choice of fund rules if they don’t choose a super fund. You may soon need to request their ‘stapled super fund’ details from the ATO.
From 1 July this year, most small businesses will need to be STP compliant. This includes small employers with closely held payees, as well as some micro businesses and seasonal employers.
The JobMaker Hiring scheme applies to employees starting employment between 7 October 2020 and 6 October 2021. It is a scheme that gives employers an incentive to take on additional young job seekers and eligible employers receive weekly payments.
Important information about the reporting process for the business monthly declaration for employers receiving the Jobkeeper payment subsidy.
What steps do you need to take to receive the JobKeeper Payment? Many employers around Australia are asking this same question. During the week commencing Monday 20 April one of our friendly staff will be in contact with you to discuss your possible eligibility for the JobKeeper payment.