COVID-19 and Your smsf COVID-19 has had an impact on many SMSFs. We look at the key issues. Early release of superannuation When a member of your fund wants to access up to $10,000 of their superannuation early under the COVID-19 measures, there are some...
WHAT NOW? WHERE TO GET HELP IF YOU NEED IT Help for Business JobKeeper 2.0 The Government has announced further changes to the JobKeeper scheme. The good news is that employees that missed out on JobKeeper because they were not employed on 1 March 2020 might...
1 July company tax rate reduction Despite the current economic environment, the company tax rate will reduce to 26% for small and medium businesses from 1 July 2020. 2018-19&2019-20 2020-21 2021 – 22 Base rate entities 27.5% 26% 25% Other corporate...
the ato’s jobkeeper audit targets The JobKeeper subsidy has progressed beyond the rush for eligibility and entered its second phase: compliance. Late last month, the Australian Taxation Office (ATO) released guidance highlighting where the regulator will focus...
have casual workers been granted annual leave News headlines recently stated that casual workers have won the right to paid leave following a decision in the Federal Court. As usual, the devil is in the detail. At present, there is no global change granting...
$1500 JobKeeper Subsidy to Keep Staff Employed A subsidy of $1,500 per fortnight per employee, administered by the ATO, will be paid to businesses that have experienced a downturn of more than 30% (50% for businesses over $1 billion) To be a part of the subsidy,...
Recent Comments