Tag: ATO

Jobkeeper Payment – Information for Employers

Announcements

Under the JobKeeper Payment, businesses impacted by the Coronavirus will be able to access a subsidy from the Government to continue paying their employees. Affected employers will be able to claim a fortnightly payment of $1,500 per eligible employee from 30 March 2020, for a maximum period of 6...

Continue Reading

Tax Time Myths

Warnings

ATO dispels top tax time myths to taxpayers   Ahead of one of its biggest deductions crackdowns, the tax office has listed the top myths and misunderstandings that are causing mistakes and misunderstandings by taxpayers at tax time.   Here they are:   Everyone is entitled to claim a...

Continue Reading

Latest ATO Scam

Warnings

Scammers target taxpayers in voicemail hoax   The tax office has found that scammers are now leaving taxpayers voicemail messages, with threats to penalise and punish for tax debts. They also accuse the recipients of suspected tax evasion. “The scammers claim to be from the ATO and many threaten...

Continue Reading

Small Business Benchmarks

SBE

Did you know the Australian Tax Office provides small business benchmarks to help you compare your business’s performance against similar business in the same industry?   The benchmarks are calculated from income tax returns and activity statements from over 1.4 million small businesses across Australia. They account for businesses...

Continue Reading