Taxpayers defaulting on tax debts and lodgement requirements can soon expect contact from the ATO as it confirms the recommencement of its compliance actions in the wake of JobKeeper concluding.
The ATO has upheld its good-faith approach to the accounting of cryptocurrencies, however it isn’t likely to last much longer.
Times are changing from day to day, are you one the fortunate people who are able to continue in employment and work from home?
This is a worked example on a really small business and the scenario sees Sammy’s Solar Installations Pty Ltd receive almost $40,000 in government incentives.
The ATO has requested insurance policy information from 30 insurers for lifestyle assets such as yachts, thoroughbred horses, and fine arts.
Late in 2019, legislative changes were made that exclude non-residents from accessing the main residence exemption.
On Sunday 22 March, 2020 the Government released a second, far reaching $66.1 bn stimulus package that boosts income support payments, introduces targeted changes to the superannuation rules, provides cash flow support of up to $100,000 for small business employers, and relaxes corporate insolvency laws.