The Australian Taxation Office releases information on a regular basis relating to the lawful running of a business in Australia. Tusa & James highlight the most important of these as they might impact our individual and business clients.
Go Beyond News
JobKeeper Payment
The JobKeeper Payment scheme is a subsidy for businesses significantly affected by coronavirus (COVID-19). Find out about changes to JobKeeper and how they affect you and your employees. Full article.
JobMaker Hiring Credit scheme
The JobMaker Hiring Credit scheme is an incentive for businesses to employ additional young job seekers aged 16–35 years. Find out how your business can benefit from the JobMaker Hiring Credit. Full article.
TAX TABLES UPDATE
Use the new tax tables to withhold the correct amount from payments you make. Full article.
Early access to your super
You can only have early access to your super in very limited circumstances. Find out more about early access to super as part of the Australian government’s response to COVID-19. Full article.
Ordinary time earnings
annual leave loading
The ATO view on when annual leave loading is part of ordinary time earnings, the evidence required to comply with that view, and our previous compliance approach. Full article.
Advice under development - FBT issues
The ATO is developing advice and guidance on the following FBT issues. Full article.
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