On Sunday 22 March the Federal government announced a second tranche of economic stimulus measures for individuals, businesses and charities aimed at providing financial support to Australians affected by the coronavirus crisis. These measures are in addition to the stimulus announced on 12 March and these packages combined total $189 billion acros...

The Australian Taxation Office (ATO) are changing the digital authentication method which enables access to their online portal from AUSkey to myGovID. If you are currently using an AUSkey to access the ATO Business portal or for any other reason, then you have until 27 March 2020 before AUSkeys are phased out completely and replaced with myGovID...

It is the season to be jolly! Well that is what the Australian Taxation Office says when providing a reminder to employers about Christmas gifts and parties!

Since that time the ATO has been working in conjunction with the software industry to ensure the transition for these business types would be as smooth and as low cost as possible. We have been proactively encouraging or facilitating our clients to transition to STP and looking for solutions to lodgement requirements under the new regime.Whilst 1 J...

From July 1, super funds are required to cancel default life insurance policies in funds where members have not made a contribution for 16 months, unless members actively "opt in" to the policy or reactivate the account.

As part of the government’s efforts to combat the black economy, and in response to the recommendations from the Black Economy Taskforce, a raft of new measures have been introduced to impose additional incentives for businesses to comply with their obligations.

With the Federal Election now out of the way, many businesses will turn to considering whether there might be any opportunities to reduce their tax liability for the year about to end on 30 June 2019. Just prior to calling the election, the Government managed to pass legislation extending the scope of its instant asset write-off. As a result, eli...

As we approach the inevitable but as yet unannounced 2019 Federal Election, Australians are starting to consider policies of the major parties, and we are particularly interested in the policies related to tax and superannuation.

Up to 500 Tasmanian small businesses can expect a surprise visit from the ATO during March 2019, in particular those that advertise as being ‘cash only’ or those that operate outside of the ATO’s performance benchmarks, with certain industries more at risk of such visits than others.

After a long period of uncertainty, the legislation extending the electronic Single Touch Payroll (STP) reporting regime to employers with 19 or fewer employees was agreed to by the Senate on 5 December 2018.