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General
Circuit Breaker Business Support Package
The Victorian Government has launched the $250 million Circuit Breaker Business Support Package to assist small to medium businesses and sole traders, under the c...
General
Contractors reminded to declare income from Sub-contracting
The Australian Taxation Office (ATO) has revealed it is using data from its Taxable Payments Reporting System (TPRS) to ensure that payments made to contractors h...
General
March 2021 BAS
ATTENTION - Business Owners registered for GST including Taxi Drivers, Individuals part of Ride sharing platforms such as Uber, Ola and DIDI. https://www.flyonit....
General
Loss carry back
On 6 October 2020 as part of the 2020–21 Budget, the government announced that it will target support to businesses and encourage new investment through a loss ca...
General
Before you become a director
Before you become a director in a company If you are about to become a director of a company, check for any unpaid or unreported PAYG withholding, goods and ...
General
Business Support Fund – Tax Consequences
Business Support Fund – Tax Consequences A government payment to assist a business to continue operating is included in assessable income. This will include as...
General
Extensions to the JobKeeper Payment
The government has announced extensions to the JobKeeper Payment. Once legislated, these changes take effect from 28 September 2020. The required fall in GST t...
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Study and training loan repayment thresholds and rates
All study and training loans are covered by one set of thresholds ...
General
Medicare levy reduction for low-income earners
Your Medicare levy is reduced if your taxable income is below a certain threshold. In some cases, you may not have to pay the levy at all. The thresholds are h...
General
Top tax time myths for 2020
At a time when many people want the tax refund that they are ...
General
2020 Income Types and treatment
JobSeeker payments are taxed. The ATO will automatically load this inform...
