Author Archives for wybenga_admin

ATO extends COVID-19 relief for SMSFs

October 13, 2021 12:00 am Published by Comments Off on ATO extends COVID-19 relief for SMSFs

The ATO has made an extension to several COVID-19 compliance relief for SMSFs to cover the 2021-22 financial year.


Government expands SME loan scheme eligibility

September 30, 2021 12:00 am Published by Comments Off on Government expands SME loan scheme eligibility

 

Businesses that didn’t previously receive JobKeeper will now be eligible for loans of up to $5 million under the scheme, which will be made available through select lenders until 31 December.

 


Pitfalls and proposed changes in the use of R&D tax incentives

September 27, 2021 12:00 am Published by Comments Off on Pitfalls and proposed changes in the use of R&D tax incentives

Since its introduction, a number of taxpayers have fallen foul of the ATO in its administration of the research and development (R&D) tax incentive scheme under the Income Tax Assessment Act 1997 (Cth) (ITAA) for failing to have claimed an offset for an activity that strictly complies with the relevant tests.

 


ATO issues warning to first-time investors

September 19, 2021 12:00 am Published by Comments Off on ATO issues warning to first-time investors

 

A surge in first-time investors trading shares and exchange-traded funds (ETF) has prompted the ATO to issue a warning on share tax treatment and the behaviour that raises red flags.

 


Unemployment rate falls to 12-year low

September 16, 2021 12:00 am Published by Comments Off on Unemployment rate falls to 12-year low

 

The latest round of employment data shows the unemployment rate fell by 0.3 of a percentage point to 4.6 per cent through July. But the 12-year low might not signify labour market strength, experts say.

 


Lockdowns and mental health

September 13, 2021 12:00 am Published by Comments Off on Lockdowns and mental health

 

Victoria endures its sixth lockdown as the state's cases grow; NSW records 1,281 new local COVID-19 cases and three deaths. Lockdowns to be eased once 70% of the population is double vaccinated against COVID-19 yet today some 60% of Australians are in lockdown.