Year: 2021
Closing a small business
Unfortunately, some businesses may need to close their doors – either temporarily or permanently – due to the COVID-19 pandemic. … Read More
Varying your PAYG instalments
You can vary your PAYG instalments throughout the year if you think you will pay too much tax, compared with … Read More
Are you changing your business structure?
If you are changing your business structure, for example from a sole trader to a company, you will need a … Read More
Working out if you have to pay superannuation for your workers
It is not always easy to work out when you have to make contributions under the superannuation guarantee (SG) scheme. … Read More
JobMaker hiring credit
COVID-19 measures The JobMaker Hiring Credit scheme (“JobMaker”) is a new government incentive in response to the COVID-19 economic crisis. … Read More
JobKeeper ending
COVID-19 measures Don’t forget that the JobKeeper scheme ends on 28 March 2021. The second JobKeeper extension has started and … Read More
Investment incentives
COVID-19 measures We have previously told you about 2 temporary measures to encourage business investment: full expensing for the cost … Read More
Victorian business support
COVID-19 measures Just before Christmas, the Federal Government declared that various COVID-19 related business grants provided by the Victorian Government … Read More
Varying your PAYG instalments
COVID-19 measures To assist taxpayers experiencing financial difficulty as a result of COVID-19, the ATO is providing added flexibility to … Read More
No paper PAYG and GST quarterly instalment notices
The ATO is no longer issuing paper instalment notices for PAYG and GST quarterly instalments once an activity statement or … Read More
Trading stock taken for private use
What has the ATO been doing? It is common in a number of industries for trading stock to be used … Read More
Property sales
What has the ATO been doing? The ATO regularly receives data relating to the purchase and sale of properties from … Read More
