News
New measures applying from 1 January 2021
SMSF related party rental income deferrals due to COVID‑19
ATO data-matching programs
Shortcut rate for claiming home office expenses extended
AAT decision on JobKeeper and backdated ABNs
JobMaker Hiring Credit scheme: Claims open from 1 February 2021
Cash payment limit Bill shelved
Click here for document: NTAA Practice Update - Jan/Feb 2021
Improvements to be made to full expensing measure
JobMaker Hiring Credit passed
How to avoid getting dodgy advice
STP data-sharing with Services Australia
ATO Visa Data Matching Program
Proposed FBT exemption — retraining and reskilling
Getting the margin scheme right
Click here for document: NTAA Practice Update - December 2020
Registrations will open for eligible employers through ATO online services from 7 December 2020.
Claimed quarterly in arrears by the employer from the Australian Taxation Office (ATO) from 1 February.
Register to claim JobMaker Hiring Credit if you hire additional employees, based on conditions in the link below.
New jobs created until 6 October 2021 will attract the JobMaker Hiring Credit for up to 12 months from the date the new position is created.
$200 a week for each eligible additional employee they hire aged 16 to 29 years old.
$100 a week for each eligible additional employee aged 30 to 35 years old.
Tax cuts pass Parliament
Tax relief for business
Simplified home office expense deduction claims due to COVID-19
Deferrals of interest due to COVID-19
COVID-19 and loss utilisation
Employees on JobKeeper can satisfy the ‘work test’
Click here for document: NTAA Practice Update - November 2020
Personal income tax changes
Changes affecting business taxpayers
Changes affecting companies
FBT changes
Other budget announcements
Alternative decline in turnover tests for new businesses
Alternative decline in turnover test for businesses with a substantial increase in turnover
Alternative decline in turnover test for businesses with an irregular turnover
Alternative decline in turnover test for businesses affected by drought or natural disaster
Alternative decline in turnover test where acquisition or disposal changed turnover
Alternative decline in turnover test where business restructure changed the entity’s turnover
Alternative test for sole traders or small partnerships with sickness, injury or leave
Click here for document: NTAA - JobKeeper 2.0 Alternative Decline in Turnover Tests
