The Government has decided to extend a lower JobKeeper for a further six months (13 fortnights) from 28 September this year, with eligibility based on actual rather than projected turnover declines.
Employers subject to payroll tax will generally benefit from an expected relaxation of payroll tax by all states & Territories.
The Australian Cyber Security Centre has now issued a high alert over myGov-related scams as tax time scams increase.
Directors of companies struggling through COVID-19 conditions could be at particular risk of the recently expanded director penalty notice regime, warns one tax lawyer.
Small businesses have been urged to disclose historical superannuation guarantee shortfalls ahead of the fast-approaching SG amnesty deadline.
Hundreds of Australians who applied for the COVID-19 early release of superannuation are set to be queried on their eligibility as the ATO kicks off a pilot compliance program.
The government has announced a $2.5 billion JobTrainer program, giving 340,000 Australians the opportunity to retrain or upskill into sectors with job opportunities, including an additional $1.5 billion to expand the apprentice and trainee wage subsidy.
Taxpayers affected by COVID-19 will now be able to request for an extension of time to meet the minimum yearly repayment on complying Division 7A loans.