Varying your PAYG instalments
COVID-19 measures To assist taxpayers experiencing financial difficulty as a result of COVID-19, the ATO is providing added flexibility to … Read More
No paper PAYG and GST quarterly instalment notices
The ATO is no longer issuing paper instalment notices for PAYG and GST quarterly instalments once an activity statement or … Read More
Trading stock taken for private use
What has the ATO been doing? It is common in a number of industries for trading stock to be used … Read More
Property sales
What has the ATO been doing? The ATO regularly receives data relating to the purchase and sale of properties from … Read More
Online sales – data-matching
What has the ATO been doing? The ATO will acquire data on Australian sales made through online selling platforms through … Read More
Vehicle registrations – data-matching
What has the ATO been doing? The ATO will acquire motor vehicle registry data from State and Territory motor vehicle … Read More
ATO prosecutions
What has the ATO been doing? The ATO has publicised a number of successful prosecutions for tax fraud, presumably … Read More
Insolvency reforms
Other News Important changes to Australia’s insolvency laws commenced on 1 January 2021. The Assistant Treasurer has said that they … Read More
$10,000 + cash transactions
Do you remember the Government’s proposal to ban cash transactions in excess of $10,000? It was contained in a Bill … Read More
Key tax dates
Date Obligation 14 Feb 2021* January JobKeeper monthly business declaration due 21 Feb 2021* Lodge and pay January 2021 monthly … Read More
Jobkeeper Extension – employees ..from 28 Sept 2020
JobKeeper period Tier 1: Higher rate Tier 2: Lower rate 28 September 2020 to 3 January 2021 $1,200 $750 4 … Read More
DISCLAIMER
Thompsons Australia Newsletters and articles are distributed by professional tax practitioners to provide information of general interest to our clients. The content of this newsletter does not constitute specific advice. Readers are encouraged to consult their tax adviser for advice on specific matters.