Contractors beware, with the ATO having now received the taxable payments annual report from more than 158,000 businesses for the 2019-20 income year, it is now data-matching this information with what has been reported in the tax returns.
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We’d all like to think that we’ll live forever, but perhaps the 2020 year has given us some pause to consider the fragility of life.
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A recent case decided by the Administrative Appeals Tribunal contains important reminders for anyone who has a self-managed super fund. First, the fund must have accounting systems in place.
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Many industries use jargon (technical words)—and the finance industry is no exception. In many instances, understanding this jargon can help you when making informed personal finance decisions.
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Although it is gone, it should not be forgotten by businesses that claimed the payments as the ATO has signalled that it will continue to maintain the integrity of the scheme through compliance activities.
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April 2021 has become a closely observed month with many of the government’s COVID-19 economic supports coming away. As with the wind down of any stimulus, there’ll be inevitable business casualties
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When it comes to retirement, what is your own vision of a comfortable lifestyle in retirement?
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. The Australian government announced a preference for the Pfizer vaccine for Australians under 50 amid concerns of rare blood clots potentially linked to the AstraZeneca vaccine.
In economic news, February employment numbers surged by 88,700, accentuated by the fact that the entire increase came from full-time jobs with employment now above the pre-pandemic level.
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As the FBT year draws to a close, employers that have provided various benefits such as laptops and office equipment to enable employees to work from home need to be aware that they may be FBT consequences.
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