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.

 

A broad range of Calculators – Resources

 

These calculators, along with videos that explain accounting ideas, latest news articles, an easy to use file transfer system, and a portfolio management portal make our website a great place to keep up-to-date and obtain help on many of your financial questions. *

 

ATO data-matching: JobMaker

 

Data collected will be used to identify compliance issues in relation to JobMaker.

 

JobMaker Hiring Credit rules and reporting

 

In the next few months, businesses that are seeking to employ additional workers but still need a bit of help can now apply for the JobMaker Hiring Credit Scheme.