JobMaker Hiring
[siteorigin_widget class=”SiteOrigin_Widget_Hero_Widget”][/siteorigin_widget] BJobMaker Hiring Australian employers wanting to access the federal government’s Jobmaker hiring credits can now register for the scheme via the Australian Taxation Office. Businesses will be able to start claiming JobMaker hiring credits from February. Under the JobMaker scheme, eligible employers can claim up to $200 per week for each additional employee […]
Business Digital Adaptation Program
[siteorigin_widget class=”SiteOrigin_Widget_Hero_Widget”][/siteorigin_widget] Business Digital Adaptation Program The Victorian Government recently announced Small Business Digital Adaptation Program which will allow eligible businesses to trial and then receive access to digital tools and training such as point-of-sale payment, shop online ecommerce website, accounting system like Xero to build digital capability in their day-to-day operations. Businesses will be […]
JobKeeper extension’s alternative turnover tests
[siteorigin_widget class=”SiteOrigin_Widget_Hero_Widget”][/siteorigin_widget] JobKeeper extension’s alternative turnover tests The extension of the JobKeeper scheme is now based on current GST turnover, not projected turnover. The basic test compares year-on-year turnover. If there were events or circumstances outside the usual business settings that resulted in your relevant comparison period in 2019 (September or December 2019 quarter) not […]
GST Implications on Investment Properties
[siteorigin_widget class=”SiteOrigin_Widget_Hero_Widget”][/siteorigin_widget] GST Implications on Investment Properties New residential property is a popular investment for many, and can be especially so for self-managed superannuation funds, however the ATO is concerned that not every investor in residential property is fully aware that it is an option that may bring with it unexpected GST obligations. The ATO […]
Tax and SMSF audits on still on ATO’s Radar
[siteorigin_widget class=”SiteOrigin_Widget_Hero_Widget”][/siteorigin_widget] Tax and SMSF audits on still on ATO’s Radar While the ATO has lately been focusing on the rollout of stimulus measures, it has also flagged that audit work is not off the table completely. In late July, when the ATO fronted a parliamentary Senate Select Committee on COVID-19, its representative said plans […]
Cyber Attack Safety Checklist
[siteorigin_widget class=”SiteOrigin_Widget_Hero_Widget”][/siteorigin_widget] Cyber Attack Safety Checklist Scammers never seem to rest, with even the lastest JobKeeper iteration coming in for some scam treatment. In a new update the ATO reports that it is receiving reports of email scams about JobKeeper and backing business investment claims. “The fake emails say we’re investigating your claims. They ask […]