ATO Archives - Page 4 of 8 - The Garis Group

ATO call centre contacting hundreds for eligibility to early access of super

COVID-19 | ‘Hundreds’ to be Contacted in ATO Early Super Compliance Blitz

August 4, 2020

ATO, COVID-19, COVID19, Early Access to Super, Super, Superannuation

Hundreds of Australians who applied for the COVID-19 early release of superannuation are set to be queried on their eligibility as the ATO kicks off a pilot compliance program. The ATO will now contact “hundreds” of people who appear to have been ineligible for the early release of super but have gone ahead to raid their…

COVID-19 | ATO Confirms Division 7A Relief Available to SMSFs

July 29, 2020

Emma Zajac

ATO, COVID-19, Self managed Super Funds, SMSF

The ATO has confirmed that SMSFs will be able to request an extension of time to meet their minimum yearly repayments for complying Division 7A loans. In the lead-up to 30 June this year, the ATO announced it would allow an extension of time to meet the minimum yearly repayment for a complying Division 7A loan for…

Government Extends Early Access to Super for those effected by COVID-19

COVID-19 | Government Extends Early Access to Super

July 28, 2020

Emma Zajac

ATO, COVID-19, COVID19, Early Access to Super, SMSF, SMSF's, Super

Australians adversely financially affected by COVID-19 will now be given more time to apply for the early release of superannuation. The government’s economic and fiscal update on Thursday has revealed that applications for the COVID-19 early release of super scheme will now be extended to 31 December. Eligible citizens and permanent residents of Australia and…

What You Need to Know Before the JobKeeper Announcement!

July 21, 2020

Emma Zajac

ATO, COVID-19, COVID19, Jobkeeper, Jobseeker, JobTrainer, Stimulus Package

Before the JobKeeper and Stimulus review is announced, we thought it might be a good idea to recap on the latest information and headlines! $2.5 BILLION JOB TRAINER PACKAGE: WHAT YOU NEED TO KNOW The Government has announced the $2.5bn JobTrainer package to retrain, upskill and open new job opportunities. JobTrainer for job seekers and…

Early Tax Time Lodgers Cautioned on COVID-19 Variables

July 2, 2020

Emma Zajac

ATO, COVID-19, COVID19, Tax, Tax Return, Tax Time, taxpayers

Taxpayers chomping at the bit to lodge their tax returns have been urged to hold off for at least a few weeks as COVID-19 throws up new variables this tax time. Individual taxpayers are expected to rush in to lodge their returns early this year as they look to secure refunds, as well as the…

Tax Time 2020 | ATO Homes in on Rental Deduction Claims

June 29, 2020

Emma Zajac

2020, ATO, Bushfires, Claim, Coronavirus, COVID-19, COVID19, Investment Property, Natural Disaster, property, Rent, Rental Claim, Rental Deduction, Tax, Tax Time

Rental deduction hotspots for this tax time have now been identified by the ATO as it anticipates a change in claims because of COVID-19 and recent natural disasters. Rental deduction claims continue to be a focus point for the ATO leading into tax time 2020, with the agency doubling its in-depth audits last year on the back…

Imminent Workplace & ATO Targets for 2021

June 2, 2020

Emma Zajac

Annual Leave, ATO, Audit, Casual, Compliance, Employees, Employers, Employment Entitlements, Jobkeeper, Part-Time, Permanent, Shift-workers, Small Business, Targets, Tax, Taxation

What’s changing on 1 July? Company tax rate reduces to 26% for base rate entities $150k instant asset write-off scheduled to reduce back to $1,000 for small business entities and will no longer be available for entities with aggregated annual turnover of $10m or more, although accelerated depreciation rules apply to certain entities until 30…

ATO Cash Flow Boost Measure for Small to Medium sized Businesses

Tax Office Quizzed on Cash-Flow Boost Backlog

May 21, 2020

Emma Zajac

ATO, boost, business, cashflow, Payment, Tax

The ATO has denied any systemic issues around the processing of the cash-flow boost measure, noting that it only continues to interrogate claims in a “very small number of cases”. It is now understood that a recalibration of the ATO’s dataset over the past weekend should ensure the cash-flow boost payments are processed more smoothly,…

JobKeeper to address service entities: Josh Frydenberg

COVID-19 | Special Purpose Service Entities Now Included in JobKeeper Scheme

April 30, 2020

Emma Zajac

ATO, Coronavirus, COVID-19, COVID19, Jobkeeper, Service Entity, Small Business

Corporate groups that employ staff in a service entity will now be included in the JobKeeper scheme under a yet-to-be-announced alternate decline in turnover test. Revealed by Treasurer Josh Frydenberg on Friday night, the government will now provide an alternate decline in turnover test for the eligibility of special purpose service entities that provide employee…

COVID-19 | ATO Extends Initial JobKeeper Payment Deadline

April 29, 2020

Emma Zajac

ATO, Coronavirus, COVID-19, COVID19, employee, Employer, Jobkeeper, Small Business

Employers looking to enrol for the first two JobKeeper fortnights have now been granted a further extension of time to enrol and pay employees. The ATO has now announced an extension of time for employers who wish to enrol for the first two JobKeeper fortnights to 31 May, an extension from 30 April. Crucially, for…

COVID-19 | ‘Hundreds’ to be Contacted in ATO Early Super Compliance Blitz

COVID-19 | ATO Confirms Division 7A Relief Available to SMSFs

COVID-19 | Government Extends Early Access to Super

What You Need to Know Before the JobKeeper Announcement!

Early Tax Time Lodgers Cautioned on COVID-19 Variables

Tax Time 2020 | ATO Homes in on Rental Deduction Claims

Imminent Workplace & ATO Targets for 2021

Tax Office Quizzed on Cash-Flow Boost Backlog

COVID-19 | Special Purpose Service Entities Now Included in JobKeeper Scheme

COVID-19 | ATO Extends Initial JobKeeper Payment Deadline

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