Commissioner registers updated JobKeeper alternative tests

 

The Commissioner of Taxation has now released the updated alternative decline in turnover tests for the JobKeeper extension.

 

Varying Pay As You Go (PAYG) Instalments

 

The first instalment of 2021 income tax, due for quarterly taxpayers on 28th October may be varied down.

 

Reminder of Medicare Levy Surcharge (MLS)

 

A warning to taxpayers who may be considering cancelling private health insurance because of higher premiums starting for many on 1st October 2020.

 

ATO JobKeeper 2.0 guidance surfaces

 

The Tax Office has published preliminary guidance on the extension of JobKeeper as the profession continues to wait on the amended rules to be registered.

 

Expats Return to Australia – Travel Expenses

 

One of the conditions of deductibility of travel expenses, is that the expense is not a private or domestic nature.

 

Profession to be relied on for post-JobKeeper turnover certificates

 

Accountants will soon be tasked with providing certificates to businesses being weaned off JobKeeper to enable them to cut employee hours or change their duties under temporary Fair Work changes.

 

Update of Superannuation contribution rules from July 1, 2020

 

The rules around Superannuation contribution change almost every year, so it is important that taxpayers know what these changes mean to them.

 

Expats & COVID-19 Impacts on tax residency

 

The COVID-19 pandemic has resulted in many Australian expatriates living and working overseas returning to Australia.

 

Expats & COVID-19 Impacts on tax residency

 

The COVID-19 pandemic has resulted in many Australian expatriates living and working overseas returning to Australia.

 

Economic recovery could be slower than anticipated: RBA

 

The Reserve Bank of Australia has warned the economic recovery from the COVID-19 pandemic remains uncertain, with its latest figures being worse than those predicted three months earlier.

 

High Court rules in favour of employers on personal leave accruals

The High Court of Australia has preserved the long-standing industry practice regarding personal/carer’s leave accruals in a significant ruling that has been welcomed by employers that were potentially set to face a substantial back-pay bill.

 

COVID-19 resources – Jobkeeper, Victoria Stage 4 Update

 

Several new links have been added to the many already in this article, links that date back to the beginning of the COVID-19 pandemic.  If you have any questions, or require further assistance, please send us an email or phone.