The ATO has clarified its position regarding loans and states that “allowing more time to replay a debt due to COVID-19 will not result in the debt being treated as forgiven.”
The NSW Government’s changes to surcharges for ‘foreign persons’ for duty and land tax are now law and apply to NSW residential land held by discretionary trusts.
JobKeeper rules and payment rates have changed, including the decline in turnover test now being based on actual GST turnover. We breakdown what businesses need to know to re-test their eligibility.