Monthly Archives: August 2020

Expansion of Tax Avoidance Taskforce

The ATO has expanded the tax avoidance taskforce to include top 500 private groups, high wealth private groups, and medium and emerging private groups. Perhaps the most interesting is the inclusion of medium and emerging private groups which cover around 97% of the total private group population. These consist of Australian resident individuals who, together […]

ATO Debts to Affect Your Credit Rating

Businesses with tax debts beware, the ATO will now be able to disclose the details of your tax debts to credit ratings agencies, which could potentially affect the ability of the business to obtain finance or refinance existing debt. Generally, only those businesses with an ABN and debts over $100,000 and are not “effectively engaged” […]

Future of the JobSeeker

The government has committed to extending the coronavirus supplement beyond the currently legislated end date of 24 September for a further three months to 31 December 2020. However, the supplement of $550 per fortnight which effectively doubled various social security payments will be reduced to $250 per fortnight from 25 September, effectively slashing the JobSeeker […]

Get Ready For Changes To The JobKeeper

The JobKeeper payment will soon be changing. In order to support businesses through a potentially prolonged economic downturn due to the pandemic, the government has confirmed it will seek to extend the payment beyond the current end date of 27 September to 28 March 2021. The extension of the payment comes with significant changes including […]

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