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.
Category: Business tips
Do you qualify for JobKeeper’s alternative turnover tests?
The extension of the JobKeeper scheme is now based on current GST turnover, not projected turnover. See if you should apply for an alternative turnover test.
Worried about Div 7A danger from COVID-relaxed loan repayments?
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.”
JobKeeper changes that you need to know
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.
FBT and vehicles under COVID-19 restrictions
Have your employees been garaging work cars at their homes due to COVID-19? See the ATO’s clarification of what affects this will have on employer fringe benefits tax (FBT) obligations
JobKeeper amendments from 28 September
Businesses will now need to meet one of the decline in turnover tests for the September 2020 quarter alone to be eligible for JobKeeper for the period 28 September 2020 to 3 January 2021
JobKeeper scheme is updated and extended
The JobKeeper payment will now continue to be available until 28 March 2021. However, there are some changes to consider.
Instant asset write off extended
The boost to the instant asset write off rules that the government put in place to help stimulate the Australian economy has been extended to the end of this year.
Varying PAYG instalments due to COVID-19
To assist taxpayers experiencing financial difficulty as a result of COVID-19, the ATO is providing added flexibility to manage your instalments to suit your circumstances.
Planning tool to help businesses reopen
The NCCC has released an online planning tool to help businesses keep their workers, customers and the community safe.