Guidance on JobKeeper reporting via STP The ATO has issued guidance to help employers reporting eligible employees and JobKeeper top-up payments through Single Touch Payroll (‘STP’). For each eligible employee, employers must notify the ATO: when an eligible employee started [...]
ATO reminder for employers – Finalise STP data for 2020 The ATO has issued a reminder to employers who report through Single Touch Payroll (‘STP’) – which should be all employers, unless an exemption or deferral applies – that they [...]
Shortcut method to claim deductions if working from home As the situation around COVID-19 continues to develop, the ATO understands many employees are now working from home. To make it easier when claiming a deduction for additional running costs you [...]
Coronavirus: Government’s JobKeeper Payment A major part of the Government’s response to the Coronavirus (or 'COVID-19') pandemic is the ‘JobKeeper Payment’ Scheme. The JobKeeper Payment is a wage subsidy that will be paid through the tax system (i.e., it will [...]
ATO's support measures to assist those affected by COVID-19 The ATO will also implement a series of administrative measures to assist Australians experiencing financial difficulty as a result of the COVID-19 outbreak. Options available to assist businesses impacted by COVID-19 [...]
Coronavirus: Government announces new tax measures The Government has announced a number of economic responses to the Coronavirus (or 'COVID-19') pandemic, including economic stimulus packages worth billions of dollars. Some of the key tax measures include: From Thursday 12 March [...]
ATO's support measures to assist those affected by COVID-19 The ATO will also implement a series of administrative measures to assist Australians experiencing financial difficulty as a result of the COVID-19 outbreak. Options available to assist businesses impacted by COVID-19 [...]
Coronavirus: Government announces new tax measures The Government has announced a number of economic responses to the Coronavirus (or 'COVID-19') pandemic, including economic stimulus packages worth billions of dollars. Some of the key tax measures include: From Thursday 12 March [...]
Employer's requirements and the deductibility of WREs Some employees may wonder whether a work-related expense (or 'WRE') becomes deductible merely because their employer specifically requires the employee to incur the expense. Importantly, the ATO's recent draft ruling on the deductibility [...]
Valuing car parking fringe benefits Where businesses provide car parking fringe benefits to their employees, the taxable value of these benefits must be calculated correctly to ensure they are meeting their fringe benefits tax ('FBT') obligations, regardless of the method [...]