16/4/20 – 1:45pm – For information on Victoria’s residential rental relief measures, please see this link. 16/4/20 – 11:00am – For a detailed summary of the JobKeeper scheme, please see this link. Courtesy of NTAA. 14/4/20 – 8:30am – Please see this link for a great summary for Sole Traders/Trusts/Companies who may be eligible for […]
The new rules The new rules exclude foreign residents from accessing the main residence exemption and apply to CGT events that occur from 9 May 2017 onwards. Under the new rules, if you are a non-resident for tax purposes at the time you sell your main residence, you will no longer be able to access […]
Do you hold life or any other insurance in a retail scheme? If you have a small balance in a retail scheme that you utilise to maintain life or any other insurances, you will be contacted by the APRA regulated scheme, these are generally retail and industry super funds, between now and 30th June […]
Single Touch Payroll Update Single Touch Payroll (STP) was introduced on 1st July 2018 for all businesses with 20 or more staff (substantial employers). The Bill to extend the Single Touch Payroll (STP) reporting requirements so they apply to all employers, regardless of the number of employees has now passed the Senate and will be […]
Do you earn income overseas? A recent case highlights why you might pay more tax than you thought on foreign income. If you are an Australian resident and earn income from overseas, such as income from investments, sale of assets such as property, distributions from foreign trusts, etc., you will generally need to declare that […]
Scammers steal over $800,000 during November The ATO is warning taxpayers to be on high alert to scammers, with over $800,000 reportedly lost during November. Assistant Commissioner Kath Anderson said over the last month, the ATO has seen an increase in scam phone calls, especially those using software that resembles a legitimate phone number to […]
