• e-invoicing
    Could E-invoicing Lead to An ATO Automated BAS?
    As the government mulls its approach towards mandating e-invoicing for businesses, the ATO and other government agencies have declared that they will not have access to e-invoices exchanged between businesses, meaning they cannot view the e-invoices’ contents and details. While that effectively rules e-invoicing out as a tax compliance exercise, […]
  • aged care tax
    Government Backs Off from New Aged Care Tax
    The aged care royal commission final report released last Monday had called for a new levy to fund an overhaul of the beleaguered sector, with both commissioners presenting cases for a flat Medicare-like levy or a progressive levy based on income tax brackets. Chartered Accountants Australia and New Zealand superannuation leader […]
  • post-jobkeeper
    Post-JobKeeper Support to be Announced ‘Within Days’
    Speaking from Cairns on a tour of Queensland to speak with tourism businesses, the Treasurer said the government will announce its plans to extend targeted support to select businesses once JobKeeper ends later this month. “We’ve put in place the JobKeeper program,” Mr Frydenberg said. “That ends in March. We’ve […]
  • FBT 2021: Tax & Employee Benefits
    FBT 2021: Tax & Employee Benefits
    Fringe benefits tax (FBT) is one of Australia’s most disliked taxes because it’s cumbersome and generates a lot of paperwork. The COVID-19 lockdowns have added another layer of complexity as many work patterns and behaviours changed. A fringe benefit is a ‘payment’ to an employee or an associate (an associate […]
  • covid-19 vaccines
    COVID-19 Vaccinations and the Workplace
    The first COVID-19 vaccination in Australia rolled out on 21 February 2021 preceded by a wave of protests. With the rollout, comes a thorny question for employers about individual rights, workplace health and safety, and vaccination enforcement. The rollout, managed in phases, is expected to complete by the end of […]
  • JobKeeper
    Why Are Some Businesses Returning JobKeeper to the ATO?
    Super Retail Group – owner of the Supercheap Auto, Rebel, BCF and Macpac brands – handed back $1.7 million in JobKeeper payments in January after releasing a trading update showing sales growth of 23% to December 2020. Toyota announced that it will return $18 million in JobKeeper payments after a […]
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