The Morrison Government will continue to provide regulatory relief for businesses that have been impacted by the Coronavirus crisis by extending temporary insolvency and bankruptcy protections until 31 December 2020. Regulations will be made to extend the temporary increase in the threshold at which creditors
New modelling, which has been conducted by PwC for Spirits and Cocktails Australia (S&CA) has shown that cutting Australian spirits tax could help spirits producers recover quicker from the impact of COVID-19, while also boosting Government revenue. The modelling has highlighted three options that would
The change to the JobKeeper reference date from 1 March to 1 July 2020, effective from 3 August, will require all enrolled employers for JobKeeper to retest employee eligibility, the Institute of Public Accountants (IPA) has warned. Staff employed by 1 July 2020 are now
Plan for your cash flow boost amounts by using our estimator Eligible employers who received initial cash flow boosts are now receiving additional boosts as credits in their activity statements. If you’re expecting additional cash flow boosts, our Cash flow boost estimator can help you calculate and
International business frequently asked questions This page answers tax and super questions that international business may have about COVID-19. We will update this information regularly. Find out answers to questions on: Central management and control (CM&C) Permanent establishment Significant global entity (SGE) penalty PAYG withholding
Key webinar topics for small business Each session runs for approximately 45 to 60 minutes. These sessions are of interest if you: are starting a new business or just thinking about starting one want to update your knowledge work in any of the industry-specific areas advertised.
The state’s peak business organisation, Business NSW, says delivering a comprehensive vision for tax reform outlined in the NSW Government’s Thodey Review needs to be a part of National Cabinet discussions. “Tax reform can’t happen without a high level of buy-in from the Commonwealth Government,
The economic impact of COVID-19 and the steps taken to support businesses and individuals through the pandemic have resulted in ballooning government expenditure and shrinking government revenue. Even prior to this, Australia’s tax system was ill-equipped to support a growing economy due to a number of structural factors including an over-reliance on personal and corporate
From July 1 2020, small and family businesses will be paying less tax as a result of legislated tax cuts passed by the Morrison Government. As the 2020-2021 financial year begins, incorporated small and family businesses with a turnover of less than $50 million will
Cyber criminals will use any and every opportunity to steal money and information. This includes targeting businesses through their data and their employees. A few simple steps can help your business and employees stay safe this tax time. Encourage your employees to: create unique passwords
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