Coronavirus Supplement extended (but reduced)

Coronavirus Supplement extended (but reduced)

The Federal Government’s Coronavirus Supplement has been extended for a further three months. The Supplement payments were due to end on 31 December 2020, but the latest extension will allow them to run until 31 March 2021, which will be welcome news for many...
ATO alert on fraudulence and non-compliance: COVID-19 measures

ATO alert on fraudulence and non-compliance: COVID-19 measures

The ATO is on the look-out for fraudulent schemes designed to take advantage of the Government’s COVID-19 stimulus measures. This includes JobKeeper, early release of superannuation, and boosting cash flow for employers. The ATO will be using its wide array of data...
Additional cash flow boost coming for businesses

Additional cash flow boost coming for businesses

If your business is one of many that received the initial cash flow boosts as a part of the government’s COVID-19 economic stimulus measures, prepare for more help coming your way. When you lodge your monthly or quarterly activity statements for June to September...
Federal Budget night shifts to  6 October 2020

Federal Budget night shifts to 6 October 2020

The Australian Government recently announced that this year’s Federal Budget will not be handed down until 6 October 2020. In making the announcement, Treasurer Josh Frydenberg said that this postponement is intended to “provide more time for the economic and fiscal...
$10,000 cash payment limit: the facts

$10,000 cash payment limit: the facts

The government-proposed $10,000 economy-wide cash payment limit has understandably elicited some confusion. Chief among the questions is to what extent personal transactions will be included in the limit. To dispel some of the confusion, the government has released...