JobKeeper ineligibility cases to be re-visited
The Inspector-General and Taxation Ombudsman (IGTO) reports that its office has received an influx of complaints regarding eligibility for JobKeeper and Boosting Cash Flow payments.
Month: December 2020
Extended time for MYR on Div 7A loans
The ATO has announced that it will allow extensions to the repayment period for borrowers who are unable to make their minimum yearly repayment by the end of the lender’s 2019-20 income year.
Corporate residency rules tweaked due to COVID-19
As a result of travel restrictions during the pandemic, the ATO has established some temporary protocols to cover the necessary changes in procedures foreign incorporated companies have had to make.
Cyber safety checklist from the ATO
The ATO reports that it is receiving notifications of email scams about JobKeeper and backing business investment claims. Read these important 7 tips on ways to keep your business safe.