Research and Commentary JobKeeper changes ahead: Bookkeepers in the eye of the COVID-19 storm July 15, 2020 “We’re breathing at the moment,” said Matthew Addison, Executive Chairman of the Institute of Certified Bookkeepers (ICB) of the lull before the next tax policy storm. Read more
Research and Commentary Div 7A and COVID-19 affected borrowers: ATO 12-month payment extension July 3, 2020 The ATO has granted a 12-month payment extension for COVID-19 affected borrowers concerning the requirement to make the minimum yearly repayment for Div 7A purposes. Read more
Tax Legislation Parliament passes JobKeeper Payment legislation April 8, 2020 Legislation to implement the Government’s “JobKeeper Payment” scheme was passed by both houses of parliament late on 8 April 2020. The package of four Bills seeks to provide the framework to implement the plan announced by the Prime Minister on 30 March 2020. Read more