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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Tax scams and money laundering … why accountancy services are so attractive to criminals and how COVID-19 is highlighting this once again
Tax scams and money laundering: what accountancy firms can and should do to combat crime.
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WEBINAR: Federal Budget 2020-21: Unwrapped by the experts!
Our Senior Tax Writers, Ian Murray-Jones and Stuart Jones will be your Federal Budget guides, bringing you the latest news and taking you through the detail and analysis of the tax and superannuation announcements.
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Federal Budget 2020 confirmed for 6 October
The Treasurer has confirmed that the 2020-21 Federal Budget will be handed down on Tuesday, 6 October 2020.
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Time to review long-held practices for directors’ fees
The changing requirements for reporting directors’ fees have intersected with COVID-19 economic stimulus measures, activity statement reporting and Services Australia increasing potential compliance risks. Several issues have arisen which demand attention.
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Making our future work: Bernard Salt looks beyond COVID-19
Until this year Bernard Salt predicted the top three calamities likely to befall humanity would be climate, nuclear and military devastation. But not a global pandemic. “I never saw it coming,” confesses Australia’s leading demographer.
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ATO compliance approach to trust liquidity issues due to COVID-19
The ATO has advised that it will not undertake compliance action to consider the validity of a beneficiary’s entitlement, or the application of s 100A of the ITAA 1936, where a trustee is affected by liquidity issues due to COVID-19 and unable to satisfy a beneficiary’s entitlement.
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Extension to early release from superannuation
The Federal Government is extending the application period for the early release from superannuation measure to increase the scope for individuals who may still be financially impacted by COVID-19 to access early release in the coming months.
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Div 7A and COVID-19 affected borrowers: ATO 12-month payment extension
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.
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