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JobKeeper 2.0 The New Requirements

COVID-19 | JobKeeper 2.0 The New Requirements

Emma Zajac
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Between April to May 2020, JobKeeper was taken up by 920,000 organisations and around 3.5million individuals – 30% of pre-Coronavirus private sector employment.   There have been a number of Government announcements on JobKeeper that impact on business and employee eligibility. Employees that previously failed the JobKeeper eligibility test as they were not employed on…
Peter Holt Assistant Commissioner for ATO

COVID-19 | Trading Conditions could Lead to more TPAR Businesses: ATO

Emma Zajac
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Businesses such as restaurants and cafés that moved to a delivery service model in response to COVID-19 restrictions have been urged to confirm if they fall into the taxable payments reporting system this year. ATO assistant commissioner Peter Holt said ongoing coronavirus restrictions have seen businesses pivot and contract out more services, potentially capturing these…
ATO call centre contacting hundreds for eligibility to early access of super

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

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

COVID-19 | Government Extends Early Access to Super

Emma Zajac
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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…
JOBKEEPER 2.0 ANNOUNCEMENT

COVID-19 | JobKeeper 2.0 Client Guide

Emma Zajac
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“We will do what is practically needed” – Prime Minister Scott Morrison The second tranche of the JobKeeper scheme changes the eligibility test for employers and the method and amount paid to employees. If your business currently receives JobKeeper, your arrangements will generally remain unchanged until 27 September 2020. From 28 September 2020, employers seeking to…
Tax time 2020: ATO homes in on rental deduction claims

Tax Time 2020 | ATO Homes in on Rental Deduction Claims

Emma Zajac
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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…
The Garis Group shares information on the $150k instant asset write-off which has now been extended for 6 months

COVID-19 | $150k instant asset write-off extended for 6 months

Emma Zajac
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The $150,000 instant asset write-off has now been extended until the end of the year as the government looks to spur businesses to invest. The instant asset write-off threshold of $150,000 for businesses with an aggregated turnover of less than $500 million will now be extended to 31 December 2020. The extension, estimated to cost $300 million…
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