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$120m in JobKeeper clawed back by ATO, new compliance areas highlighted

 

About $120 million in JobKeeper payments have been recovered by the ATO due to businesses making deliberate or reckless mistakes, as fresh guidance on its JobKeeper extension compliance focus lands.

 

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‘Follow the spirt of the law’, warns ATO

 

The Australia Taxation Office has cautioned businesses against taking advantage of the government’s most recent expanded asset write-off scheme and the new loss carry-back provision.

 

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Employers cautioned over ‘hard and fast’ decline in turnover eligibility

 

Accountants assisting clients with the JobKeeper extension have been urged to pay close attention to the actual decline in turnover test, with the ATO unable to offer leeway for those who come just shy of the requirements.

 

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Businesses not meeting obligations warned as ATO restarts compliance programs

 

The ATO has warned businesses not staying up to date with their obligations that it may impact their eligibility for future stimulus measures, as the Tax Office readies to recommence its work to address key risks to the tax and super system.

 

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Comprehensive list of COVID-19 initiatives and packages.

 

The response by our Governments to the COVID-19 crisis has been a very good one.  Following is a comprehensive listing of links to important Federal and State initiatives and programs since the pandemic began.  

 

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Part 3 – Budget reminders. Under the Hood.

 

The 2020 Federal Budget was one of the most far reaching and complex ever brought in.  This is the first of three articles to remind us of important topics the budget addressed. 

 

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Part 2 – Budget reminders. Under the Hood.

 

The 2020 Federal Budget was one of the most far reaching and complex ever brought in.  This is the second of three articles to remind us of important topics the budget addressed. 

 

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Part 1 – Budget reminders.  Under the Hood.

 

The 2020 Federal Budget was one of the most far reaching and complex ever brought in.  This is the first of three articles to remind us of important topics the budget addressed. 

 

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Budget 2020 – Fact Sheets

 

The following links are to Fact Sheets that describe in detail how the Federal Government feels the 2020 Budget will impact you.

 

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Budget 2020 – At a Glance, Overview, Outlook

 

These three areas cover all you will need to know but the accompanying two articles cover more specific topics and they might help you better understand how the Budget affects you.

 

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Temporary home office expenses shortcut extended again

 

The 80 cents per hour work-from-home deduction method has now been extended for a further three months to the end of the year.

 

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