The latest edition of our Monthly Client Alert, contains information on a number of important developments up to and including 22 June 2020:

  • Land Tax Update – The deadline to register and complete your land holding declaration has been extended to 31 July 2020. Please call us to discuss a lodgement plan.
  • Expanded instant asset write-off for businesses – If you’ve purchased assets for your business, remember that you may be eligible to claim an immediate deduction under the instant asset write-off, which was recently expanded.
  • Finalising your Single Touch Payroll data – You may be exempt from giving payment summaries and a payment summary annual report for the amounts you reported through Single Touch Payroll.
  • JobKeeper Enrolments – Enrolments are still open for JobKeeper for the duration of the program until it ceases on 27 September 2020. We also include information on making your monthly declaration.
  • Tax time 2020 is here – With the great disruptors of the Australian bushfires and the global coronavirus (COVID-19) pandemic, and the associated government economic stimulus measures, there are some key tax-related matters for everyone to be aware of this year.
  • 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.
  • ATO scam calls may soon be a thing of the past – Australian telcos, the ATO and the ACMA recently collaborated on a three-month trial of technology to block scam calls appearing to originate from legitimate ATO phone numbers.

Please do not hesitate to reach out if you wish to discuss any of the points raised in this Alert.