Tax watchdog to investigate ATO small business communications amid JobKeeper integrity probes
The investigation is set to examine how well the ATO communicates with small businesses about their rights to complain, review and appeal decisions.
R&D tax changes will be implemented retrospectively, inquiry hears, forcing businesses to revise claims later
R&D tax claims filed for the 2019-20 financial year will need to be revised if/when cuts to the program pass parliament, the ATO has confirmed.
Second COVID-19 stimulus cash boost due with June activity statements
Cashflow boost support is available to businesses after lodging their June activity statements, following initial credits earlier this year.
July 1 changes: SME tax cut to save business owners thousands
An SME tax cut will come into effect from July 1 after the Morrison government fast-tracked measures to ease the burden on businesses.
ATO throws lifeline to landlords, confirming it will accept expense claims for empty Airbnbs
Landlords will be able to claim rent expense deductions on properties that have sat vacant during COVID-19, the ATO has confirmed.
JobKeeper: Treasury considers monthly eligibility tests, as Grattan Institute pushes for an overhaul
The Grattan Institute argues the Morrison government should drop an additional $70-$90 billion into the economy, including by extending JobKeeper.
The taxman is watching: Property investors need to get clued up on what they can and can’t claim this EOFY
Property investors are sure to attract the attention of the taxman if they make mistakes on their tax returns. Here some last-minute tips.
“Expect to hear from us”: ATO sounds warning on dodgy JobKeeper applications, foreshadowing audits and clawbacks
The ATO is encouraging businesses that may have made a mistake on their JobKeeper applications to come forward or risk an audit.
COVID-19: Does EOFY mean the end of your payroll tax waiver?
COVID-19 means this end of financial year is far from usual, and this June 30 also marks the end of some coronavirus payroll tax exemptions.
Affected by the bushfires? The ATO will consider accepting your tax claims without documentary evidence this EOFY
The ATO says businesses whose tax records were destroyed in bushfires will be able to claim expense deductions without evidence, in some cases.
Salary sacrificing, asset write-offs and bad debts: The secrets to lowering your small business tax bill this EOFY
Small businesses face a more complex tax time this year but some simple tips will help them to maximise their deductions, says Adrian Raftery.
ATO receives 3,000 JobKeeper rort tip-offs: Here’s how to prepare your business for a potential audit
Dodgy businesses should be concerned about a review, but legitimate businesses also shouldn’t get complacent about facing a possible audit.
