We remind clients that the jobmaker hiring credit will be coming to an end on 6 October 2021. Therefore anyone hiring staff should consider doing this before this date. You will need to check the eligibility of the business, and also the employees.
We suggest that any clients who work away from home or pay for travel related expenses, contact our office for assistance.
Due to the fact that in the 2020 tax year, $38 Billion has been claimed by Australian owned investment properties, the ATO have advised taxpayers of some of the common issues that can delay refunds, or cost taxpayers money in ATO audits.
The items that happen on regular basis, are taxpayers not declaring all of the rental income they have earned, or forgetting to include capital gains on the sale of their investment properties. The ATO track these property sales, and is likely to request further information if these items have been omitted in incorrectly reported in the tax returns.
The eligibility for this scheme has been expended by the government to remove the need for SME’s to have received “Jobkeeper” as a pre requisite to qualify for funding.
The temporary relief measures that allow companies to utilise technology to hold virtual meetings and use electronic communications to meet the corporations act requirements has been extended by the government until 31 March 2022.