STP phase 2 coming soon
The ATO is expanding the information that your business sends through Single Touch Payroll (STP). From 1 January 2022, most employers will be required to send additional information such as commencement date of employment, cessation date of employment, reasons for leaving employment and work type (ie full-time, part-time etc). The basic information of salary and …
More COVID-19 support for individuals in NSW
Extra financial help is being fast-tracked to NSW in the form of an increased COVID-19 disaster payment to alleviate the strain on individuals as a result of the lockdown extension. Eligible workers that have lost 20 or more hours of work is now eligible to receive $750 a week, and those that have lost between …
New data matching program: government payments
Businesses that provide various services on behalf of the Commonwealth will be caught up in a new data-matching program designed to identify and address non-compliance with tax and super obligations. This program will obtain information from various government agencies including Comcare, Department of Education, Department of Health, and National Disability Insurance Agency in relation to …
ATO data matching of lifestyle assets extended
Even among the doom and gloom of the pandemic lockdowns, the ATO continues to march on with its data matching programs. This time it has extended a previous data-matching program targeting the owners of lifestyle assets including marine vessels, motor vehicles and caravans, thoroughbred horses, fine art, and aircrafts. Data will be collected from various …
COVID-19 lockdown support: NSW and Victoria
If your business is currently in lockdown in NSW or Victoria, don’t fret, financial help is here from both the State and Federal governments. Depending on the length of the lockdown, businesses may be eligible to receive a co-funded small and medium business support payment, as well as various cash grants. Eligible NSW businesses may …
Financial Stability Review – October 2021
The Financial Stability Review provides the Bank’s assessment of the current condition of the financial system and potential risks to financial stability. The Review is issued half-yearly. Source: https://www.rba.gov.au/publications/fsr/2021/oct/index.html