The Treasury Laws Amendment bill passed gives the Australian Taxation Office the power to report business tax debts of more than $100,000.
In recent months there have been two major updates to Single Touch Payroll (STP) reporting requirements announced by the ATO.
New legislation to enable corporate entities to utilise losses across prior year tax liabilities have received royal assent on the 14 October 2020 and has taken effect.
To keep your end of financial year as smooth as possible, here are a few tips to ensure your 30 June runs effortlessly.
The Federal Government has announced an extension of the temporary reduction in minimum pension requirements until 30 June 2022.
On 1 March 2021, the ATO released its Draft Practical Compliance Guideline PCG 2021/D2, which sets out its intended compliance approach to the allocation of professional firm profits. If you operate a professional firm including, but not limited to, accounting, architectural, financial services, medical and engineering the PCG may require a review of your arrangements.
There are winners and losers every year in every budget address, and the 2021/22 budget is no exception. This year’s announcements contain two key themes: recovery and innovation. The Treasurer has announced several measures that aim to push Australia’s small businesses beyond COVID-19’s orbit into a new age of technology and development.
Read our detailed 2020-21 Budget Report here.
This event will feature thought provoking comments from one of Perth’s leading R&D consultants, Edward Allen who will be providing valuable insight into the murky waters of Federal Grants
Recently Treasury Laws Amendment (2020 Measures No 6) Bill 2020 was tabled in parliament and it provides a critical update to Federal Treasurer Josh Frydenburg’s budget night announcements regarding the full expensing of eligible assets through to 30 June 2022.