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Easier to pay your tax bill
From the ATO The ATO has improved how your business can use and manage its credit or debit card details … Read More
Check your business’ PAYG instalments
From the ATO Now is a good time to check your business’ pay as you go (PAYG) instalments still reflect … Read More
STP reporting: Changes from 1 July 2021
From the ATO If your business has employees, it should be reporting through Single Touch Payroll (STP) unless it only … Read More
Bad debts
From the ATO Your business may be able to claim a deduction for income that cannot be recovered from a … Read More
Other matters to consider
Company tax rate The tax rate for companies with an aggregated turnover under $50 million will reduce from 26% to … Read More
Key tax dates
Date Obligation 14-Apr-21 March JobKeeper monthly business declaration due 21-Apr-21 Lodge and pay March 2021 monthly BAS 28-Apr-21 Lodge and … Read More
JobKeeper overpayments
The ATO has published on its website a useful guide explaining what happens if you have incorrectly self-assessed yourself (or … Read More
First criminal conviction for JobKeeper fraud
Mr Raed Saleh has been convicted in the Heidelberg Magistrates Court of three counts of making a false and misleading … Read More
February 2021 phone scam – suspended TFN
The Australian Taxation Office has been receiving increasing reports of people losing money to automated phone scams. Scammers pretending to … Read More
Budget measures now law
A number of measures announced in the Federal Budget 2020–21 are now law. These are: bringing forward the personal tax … Read More
Telco tips for small businesses
Telco products and services are more important than ever for businesses. Whether COVID-19 has changed your business’s needs or you’re … Read More
Small business CGT concessions
The small business CGT concessions (aggregated turnover under $2 million – not $10 million) are important, but very complex. Disputes … Read More