Our Insights
Documenting gifts or loans from related overseas entities
Disguising undeclared foreign income as a gift or loan The ATO is currently reviewing certain arrangements where Australian taxpayers seek to disguise undeclared foreign income
Reminder for first-time share investors to declare income
Exchange Traded Funds (‘ETF’) investors With the growth of micro-investment platforms helping new investors enter the market, the ATO has issued a reminder for first-time
Paid Parental Leave changes support parents in lockdown
Paid Parental Leave changes The Paid Parental Leave (‘PPL’) scheme has been amended to enable expectant parents whose work has been affected by COVID-19 lockdowns
ATO support for employers with expansion of STP
STP Phase 2 As part of the expansion of Single Touch Payroll (known as STP Phase 2), from 1 January 2022, employers will need to
SG obligations for September 2021 quarter
Reminder of SG obligations for September 2021 quarter Under the Superannuation Guarantee (‘SG’) scheme, employers are required to make quarterly contributions on behalf of their
Extra super step when hiring new employees
Stapled super funds Employers may soon need to do something extra when a new employee starts to work for them. Currently, if a new employee
Additional ATO support during COVID-19
ATO COVID-19 support The ATO is providing additional support to taxpayers having difficulty meeting their tax and superannuation guarantee charge obligations for employees because of
Director identification numbers
Preparing for director IDs If you want to become a director or are already one, you’ll need a director ID. Apply for a director ID
Business tax update October 2021
Extending administrative relief for companies to use technology The Government has passed legislation renewing the temporary relief that allows companies to use technology to meet
Property investor common tax traps
ATO warns property investors about common tax traps In 2019/20, over 1.8 million Australians owned rental properties and claimed $38 billion in deductions, so the
Export Market Development Grant
From 1 July 2021, the Export Market Development Grant underwent some major changes This grant is available to any Australian exporter operating in any type
SME Recovery Loan Scheme
Expansion of support for SMEs to access funding The Government is providing additional support to small and medium-sized businesses (SMEs) by expanding eligibility for the
