Single touch payroll: When your reporting can cease
A business may no longer be required to lodge single touch payroll (STP) reports for a number of reasons. These are if your business no…
Companies Trusts, Partnership
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A run-down of the new loss carry back measure
The last Federal Budget carried with it a number of tax changes that were designed to assist the Australian economy recover from the impact of…
ATO to allow extended time for minimum yearly repayments on Div 7A loans
In these COVID-19 times, concerns about Div 7A applying are understandable. Some borrowers are facing circumstances beyond their control, and even making the minimum yearly…
SMEs: ATO confirms JobKeeper payments do not contribute to aggregated turnover
From the outset, it has been emphasised that JobKeeper payments are assessable income. However some concerns had been raised as to JobKeeper payment status in…
Remote AGMs and document signing allowed
Companies should note that the government made a determination just before the end of the financial year that permits companies to hold annual general meetings…
COVID-19 corporate residency concession
The ATO has announced an important tax residency concession for foreign incorporated companies during the COVID-19 crisis. Background On 24 March 2020, the government announced…