Closely held payees: STP options for small employers

 

Small employers with closely held payees have been exempt from reporting through single touch payroll (STP).

 

End of year financial strategies

 

With the end of the financial year approaching there may be some valuable opportunities worth discussing for you or your family, depending on your personal circumstances.

 

10% Super Guarantee from 1st July 2021

 

Business leaders should turn their attention to how they plan on managing the government’s increase to the superannuation guarantee, set to come into effect from 1 July, to avoid penalties, says one tax expert.

 

New insolvency rules commence

 

The measures from 1st January 2021 apply to incorporated companies with liabilities less than $1 million.

 

ATO promises not to ‘destroy’ businesses as it resumes debt collection

 

Businesses struggling with tax debts have been urged to re-engage with the ATO as it pledges not to “destroy the very thing that [it has] been trying to support” throughout the pandemic.

 

Taxpayers urged to keep work-from-home records

 

Moore Australia has called for taxpayers to keep a diligent log of the hours worked from home this financial year as tax time looms.

 

Businesses feeling ‘adverse’ impacts of COVID-safe measures: ABS

 

While less than two out of 10 businesses are recording a dip in revenue, nearly two-thirds of them are still feeling the impact of COVID-safe controls, according to new data from the Australian Bureau of Statistics.

 

ATO signals crackdown on 4 ineligible work-from-home claims

 

As tax time looms, the ATO has pointed to four key ineligible work-from-home claims it will be watching closely as taxpayers look to make the most of flexible working arrangements.

 

Federal Budget 2021 – Health

 

While there are many aspects of our life covered in this year's Budget the following focuses on the issues related to Health.

 

Building a more secure and resilient Australia

 

In this Budget, the Government is taking decisive action to build our economic resilience to deal with future shocks.

 

Federal Budget 2021 – Overview

 

The following links to the ABC where a brief overview of the Winners and Losers from this year's Federal Budget.

 

ATO Small Business Newsroom – April

 

Help to keep up with the ATO.