November 2021 Newsletter

November 2021 Tax News | Views | Clues ATO scrutinising gifts or loans from overseas The ATO has recently issued an alert warning taxpayers against disguising undeclared foreign income as gifts or loans from related overseas entities, including family and friends. It says it has continued to encounter situations where Australian resident taxpayers have derived [...]

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September 2021 Newsletter

September 2021 Tax News | Views | Clues Single Touch Payroll update Phase 2 coming soon The ATO is expanding the information that businesses send through Single Touch Payroll (STP). From 1 January 2022, most employers will be required to send additional information such as the commencement date of employment and cessation date of employment for [...]

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August 2021 Newsletter

August 2021 Tax News | Views | Clues ATO tax time support: COVID-19 and natural disasters The ATO has a range of year-end tax time options to support taxpayers who have been affected by the COVID-19 pandemic and recent natural disasters. Income statements can be accessed in ATO online services through myGov accounts from 14 [...]

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July 2021 Newsletter

July 2021 Tax News | Views | Clues Temporary COVID Disaster Payment now available The Federal Government has announced a temporary COVID Disaster Payment to assist workers who live or work in a Commonwealth declared hotspot, who are unable to attend work and earn an income as a result of state-imposed health restrictions that last [...]

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June 2021 Newsletter

June 2021 Tax News | Views | Clues   Are you ready for Tax Time 2021? Don’t jump the gun and lodge too early Tax time 2021 is almost here, but it’s likely to be anything but routine. Many people on reduced incomes or who have increased deductions may be eager to lodge their income [...]

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