The NSW Government has announced changes to key support measure, the JobSaver package, for businesses impacted by the ongoing lockdown.
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COVID-19 Disaster Support Payment boosted: PM and Treasurer
Increased financial support for workers in New South Wales is now available as part of the expanded national COVID-19 Disaster Payment, the government announced.
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Cryptocurrency taxation myths: time for a reality check
Cryptocurrency is no longer confined to the fringe of organised crime and tech companies. The age of ‘digital currency’ has well and truly arrived and many Australians have taken to investing in crypto. Tax myths abound and not surprisingly, regulators worldwide, including the ATO, are on the case.
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2021 Budget snapshot
This year’s Budget was dominated by spending measures directed toward social programs, with only a few, very specific, tax changes.
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Downsizer in-specie contributions confirmed by ATO
The ATO has confirmed to the SMSF Association that an individual can make a downsizer super contribution as an in-specie (ie non-cash) contribution, provided that the other eligibility criteria are satisfied.
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Section 100A: why so much attention?
One of the areas of particular interest to the ATO is s 100 of the ITAA 1936. This article looks at what s 100 is, why it has garnered significant attention in recent years, and respective guidance for tax advisors.
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Professional bodies respond to allocation of profits draft guidelines
The professional bodies have released their joint submission to the ATO’s Draft Practical Compliance Guideline PCG 2021/D2.
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Are spreadsheets hindering your indirect tax processes?
Spreadsheets have their place, there’s no doubt about that. But the way they’re being used in the indirect tax world right now is a cause for concern.
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Casual employment reforms passed in pared-back Fair Work Amendment Act
The Federal Government passed legislation on 22 March 2021, amending the Fair Work Act 2009 specifically in relation to casual employment.
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Practical compliance guidelines for employee travel: Practically perfect?
This article considers whether the ATO’s Practical compliance guideline for employee travel is the silver bullet employers were seeking.
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