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Advice, Prompted by Discovery

JobKeeper Updates: Next steps in enrolment process

The next steps in the JobKeeper enrolment process are now open on the ATO business portal.  Step 1: needs to be completed by 31 May in order to claim JobKeeper payments for the initial JobKeeper periods...

  • May 05, 2020
  • principlefocus NSW
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Quick links to the latest Government COVID 19 initiatives

See these quick links for the latest information. Commonwealth Government To stay up to date with what is happening in the nation make sure you regularly check in with the Commonwealth Government through their website. For coverage...

  • Apr 23, 2020
  • Virginia Debus
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Tax deductions for working from home

With so many Australians working from home to reduce the risk of coronavirus, the ATO are making it easier to claim your expenses this tax time. From 1 March until 30 June 2020, they are allowing...

  • Apr 09, 2020
  • Virginia Debus
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JobKeeper Payments

$130 Billion Wage Subsidy Legislation Passed Parliament has endorsed the Federal Government's $130 billion COVID-19 economic relief package which will be delivered over six months to businesses to support staff through a Job Keeper $1,500/fortnight wage...

  • Apr 08, 2020
  • Virginia Debus
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Providing support for retirees

The Government is helping retirees to manage the impact of volatility in financial markets on their retirement savings by temporarily reducing  superannuation minimum draw down requirements. The Government is also reducing social security deeming rates...

  • Mar 23, 2020
  • Virginia Debus
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Coronavirus Stimulus Update

Federal Budget delayed to October The annual Federal Budget will be postponed to Tuesday, 6 October 2020, to give the Government time to assess the impact of the coronavirus outbreak, the Prime Minister has confirmed. It...

  • Mar 23, 2020
  • Virginia Debus
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Coronavirus Stimulus Package

$17 Billion Coronavirus Stimulus Package The government has announced a stimulus package targeting different areas of the economy today. In summary Eligible businesses that pay salary and wages will receive a “payment” i.e....

  • Mar 12, 2020
  • principlefocus NSW
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TaxWise Business Newsletter February 2020

Our latest TaxWise newsletter is now available. Topics covered include; Bushfire relief and how the ATO can help What has the ATO been doing?  Looking at your...

  • Feb 11, 2020
  • principlefocus NSW
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ATO Targets ‘Lifestyle’ Assets

The ATO has requested insurance policy information from 30 insurers for lifestyle assets such as yachts, thoroughbred horses, and fine arts. The review, expected to impact 350,000 taxpayers, reaches from the 2015-16 to 2019-20 financial years,...

  • Feb 03, 2020
  • Virginia Debus
  • 0 Comments
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