Our Insights
Home office expenses rate extension
Shortcut rate for claiming home office expenses extended The ATO has again extended the ability to utilise the ‘shortcut rate’ for claiming home office running
Taxable payments reporting system lodgements
ATO’s taxable payments reporting system helps businesses compete on the level The Australian Taxation Office (ATO) has confirmed more than 60,000 businesses haven’t yet complied
New measures in 2021
New measures applied from 1 January 2021 The Government has provided an update of a number of new measures which came into effect from 1
JobMaker Hiring Credit – eligible additional employees
JobMaker employee eligibility criteria How to report eligible additional employees through Single Touch Payroll-enabled payroll software Employees are eligible if they: have received income support
JobMaker Hiring Credit scheme
Claims open from 1 February 2021 The JobMaker Hiring Credit is being administered by the ATO It provides a wage subsidy payment directly to employers
WA Bushfires 2021
If you’re facing problems with your tax affairs due to bushfires, the ATO will work with you to get things back on track. Depending on
Getting the margin scheme right
The margin scheme may allow a property owner to pay less GST when they sell the property Rather than paying 1/11th of the total sale
STP data-sharing with Services Australia
Single Touch Payroll (STP) allows the ATO to share data in real-time with other government agencies The purpose is to “help them deliver government services
Proposed FBT exemption — retraining and reskilling
The government has announced it will introduce an exemption from FBT It will apply to retraining and reskilling benefits provided by employers to redundant, or
How to avoid getting dodgy advice
Be wary of untrustworthy advice recommending inappropriate or illegal behaviour The ATO has warned taxpayers who may be thinking about pausing, changing or closing their
Improvements to be made to full expensing measure
The government will expand eligibility for the temporary ‘full expensing measure’ It temporarily allows certain businesses to deduct the full cost of eligible depreciable assets
JobMaker Hiring Credit passed
The government has passed legislation to establish the JobMaker Hiring Credit It is part of the government’s economic response to the COVID-19 pandemic. The JobMaker
