Business Taxation – Temporary full expensing

Business Taxation – Temporary full expensing

Temporary full expensing: extended to 30 June 2023 The Government will extend the temporary full expensing measure until 30 June 2023. It was otherwise due to finish on 30 June 2022. Other than the extended date, all other elements of temporary full expensing will...
NSW announces tougher penalties for payroll tax avoidance

NSW announces tougher penalties for payroll tax avoidance

The NSW Government has announced that it will introduce new legislation to increase penalties for payroll tax avoidance, as well as providing it with the ability to name taxpayers who have underpaid payroll tax on wages. The changes are directed at those employers who...
Can your business claim a tax deduction for bad debts?

Can your business claim a tax deduction for bad debts?

April 2021 has been a closely observed month financially, with many government COVID-19 economic supports coming away. There’s no doubt that some businesses will find themselves owed debts that cannot be recovered from customers or other debtors. If your business is...
ATO focus in relation to JobKeeper

ATO focus in relation to JobKeeper

The ATO has recently announced it’s keeping an eye out for areas of concern in relation to JobKeeper, including what may constitute “fraudulent behaviour”. It is paying special attention to situations where employers may have used the JobKeeper scheme in ways that...
COVID-19 stimulus and support measures winding back

COVID-19 stimulus and support measures winding back

A number of important COVID-19 related government stimulus and support measures are now coming to an end, and some others have begun phasing out, which will occur over a slightly longer period. This means that businesses and individuals need to prepare for an...