‘HomeBuilder’ grants now available.
$25k grants for housing construction, renovations to bolster industry. The Federal Government will give eligible Australians $25,000 to build or substantially renovate their homes.
JobKeeper documentation ‘absolutely critical’ in ATO audit
Practitioners have been advised to keep contemporaneous documentation of their calculations and advice around the JobKeeper payment scheme to avoid inevitable audit scrutiny in the near future.
Tax Time Checklists – Individuals; Company; Trust; Partnership; and Super Funds
Working from home because of COVID-19 means most will have more deductions than in a normal year. These checklists will help your tax agent ensure you don't miss any deductions. Simply print, complete and return.
ATO updates JobKeeper compliance approach
The Tax Office has now updated its JobKeeper compliance guidelines with new examples of schemes where there will be a high risk of the commissioner devoting his compliance resources to.
COVID-19 hotspots – tax time 2020
Agents have been urged to be proactive as tax time 2020 approaches, with the ATO set to take a closer look at clients’ tax returns through a COVID-19 lens.
$150k instant asset write-off set for significant drop
The $150,000 instant asset write-off will soon revert to its original threshold of $1,000 in just over four weeks, with businesses urged to consider the measure ahead of the end of financial year.
Tax reform to feature heavily in PM’s JobMaker plan
Tax reform to support jobs and encourage investment will be firmly on the government’s agenda as it looks to unveil its JobMaker economic recovery plan.