Potential Changes to The Childcare Subsidy?
In its Budget reply speech, Labor has earmarked changes to the childcare subsidy should it win the next election which could occur as early as late 2021. As a part of its plan to get the economy back on track and women working more hours, Labor has proposed the removal Read More...
New Centrelink and ATO Data Matching Program
A new data matching program between the ATO and Centrelink is currently underway and will apply for the 2019-20- and 2020-21-income years. The program relates to the use of Single Touch Payroll (STP) data. It is estimated around 460m pay events will be exchanged during the active period and will Read More...
Flexibility For SMSF Membership Coming Soon
The maximum number of allowable members for SMSFs could soon increase from 4 to 6 if a recently reintroduced Bill passes Parliament. The Bill was previously a part of the 2018-19 Budget measures and was aimed at providing more flexibility to many SMSFs with aging members and larger families. By Read More...