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Scammers go to great lengths to look like trusted organisations when they contact you, which can make it tricky to identify real from fake. But there are always a few details that can give away a scam. This Scams Awareness Week (7-11 November), we’re encouraging businesses and individuals to brush up on their knowledge of […]

The tax profession is queueing up to criticise the ATO’s revised work-from-home rules as too demanding for taxpayers to substantiate and opaque in the way it calculated a fixed rate of 67c. The 67c-an-hour rate, which replaces the previous pandemic shortcut method of 80c and the hybrid method rate of 52c, was the headline change

The ATO has emerged a winner from the budget with $1.5 billion in extra funding to extend three of its high-profile compliance schemes and reap a revenue increase of $5.6 billion over four years to 2025–26. The government expects the crackdown to net $3.7 billion after allowing for the extra funding and GST payments, with

A director ID is a unique identifier that a director will apply for once and keep forever – which will help prevent the use of false or fraudulent director identities. All directors of a company, registered Australian body, registered foreign company or Aboriginal and Torres Strait Islander corporation will need a director ID. ASIC is

What happened on 21 May? After nearly nine years and three parliamentary terms, the Coalition was unable to hold sufficient seats to retain government. While counting continues to determine the final allocation of seats across both houses, it is apparent the incoming Labor government will hold a majority of seats (77 out of 151) in

A new COVID-19 Business Assistance Package has been announced for Western Australian businesses who have experienced a 50 per cent decrease in business for any two week period since 1 January 2022. This program will provide support to all eligible businesses that meet the criteria. Small Business Hardship Grants To be eligible for the Small

The McGowan Government has launched a $77 million Safe Transition Industry Support Package to support businesses and individuals in sectors most affected by the decision to delay the full reopening of Western Australia’s borders. The package includes nine support programs for the international education, tourism, aviation and events sectors. The $77 million Safe Transition Industry

The High Court has ruled that the ‘backpacker tax’ is discriminatory. We look at the impact from the ‘Backpacker Tax’ and the High Court, read on! Since 2017, the ‘backpacker tax’ has taxed the first dollar of income a backpacker earns in Australia – regardless of their residency status – at the working holiday maker

Your employer may provide different kinds of COVID-19 vaccination incentives and rewards, which are treated differently for tax purposes. You may receive: Cash payment If you receive a cash payment from your employer for getting your COVID-19 vaccination, the amount: Your employer will be required to withhold tax from the payment. Any tax withheld from

Applications are now open for the Small Business Assistance Grant – December 2021 to assist small businesses that were directly financially impacted by the Chief Health Officer’s COVID Restrictions (Directions) from 23 December 2021 to 4 January 2022. The Small Business Assistance Grant – December 2021 is available to small businesses operating within the hospitality