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...
$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,...
$66.1 billion Stimulus Package: What You Need To Know The Government yesterday released a second, far reaching $66.1 billion stimulus package that boosts income support payments, introduces targeted changes to the superannuation rules, provides cash flow support of up...
FTB Hot Spot With the start of the Fringe Benefits Tax year looming on 1 April, businesses are being urged to review their Fringe Benefits Tax (FBT) position. FBT liabilities can trap unwary businesses, some of whom don’t recognise that there can be a tax consequence...
Super guarantee Amnesty: Now is the time to get payroll right The superannuation guarantee (SG) amnesty provides employers with a one-off opportunity to “self-correct.” Now is the time to ensure that your payroll is correct and there are no hidden SG issues looming....
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