JobMaker hiring credit given green light despite ongoing concerns
A Senate committee has recommended that the JobMaker hiring credit legislation be passed, despite concerns over its narrow eligibility and lack of protection for older workers.
Categories for Accounting News
Victorian State Budget Overview 2020 – 2021
On Tuesday 24 November, the Victorian Treasurer, Tim Pallas announced the 2020-21 budget, detailing a number of measures focused on creating jobs, supporting families and helping small to medium businesses.
2020 is coming to an end. Phew!!
Some fireworks and a great Advent Calendar to help you celebrate. On behalf of all our staff we wish our clients and their families a Merry Christmas, a Happy New Year and a great holiday period.
$120m in JobKeeper clawed back by ATO, new compliance areas highlighted
About $120 million in JobKeeper payments have been recovered by the ATO due to businesses making deliberate or reckless mistakes, as fresh guidance on its JobKeeper extension compliance focus lands.
‘Follow the spirt of the law’, warns ATO
The Australia Taxation Office has cautioned businesses against taking advantage of the government’s most recent expanded asset write-off scheme and the new loss carry-back provision.
Employers cautioned over ‘hard and fast’ decline in turnover eligibility
Accountants assisting clients with the JobKeeper extension have been urged to pay close attention to the actual decline in turnover test, with the ATO unable to offer leeway for those who come just shy of the requirements.
Businesses not meeting obligations warned as ATO restarts compliance programs
The ATO has warned businesses not staying up to date with their obligations that it may impact their eligibility for future stimulus measures, as the Tax Office readies to recommence its work to address key risks to the tax and super system.
Comprehensive list of COVID-19 initiatives and packages.
The response by our Governments to the COVID-19 crisis has been a very good one. Following is a comprehensive listing of links to important Federal and State initiatives and programs since the pandemic began.
Part 3 – Budget reminders. Under the Hood.
The 2020 Federal Budget was one of the most far reaching and complex ever brought in. This is the first of three articles to remind us of important topics the budget addressed.
Part 2 – Budget reminders. Under the Hood.
The 2020 Federal Budget was one of the most far reaching and complex ever brought in. This is the second of three articles to remind us of important topics the budget addressed.
