Despite the current economic environment, the company tax rate will reduce to 26% for small and medium businesses from 1 July 2020. The 1 July change is part of a larger progressive plan to reduce the company tax rate to 25% from 1 July 2021 and applies to base rate entities (BRE) ...
Read More1 July company tax rate reduction
Wednesday, June 10, 2020
Have casual workers been granted annual leave?
Wednesday, June 10, 2020
News headlines recently stated that casual workers have won the right to paid leave following a decision in the Federal Court. As usual, the devil is in
the detail.
At present, there is no global change granting Australian casual workers paid leave. The case however, highlights the long runni...
Read More
News headlines recently stated that casual workers have won the right to paid leave following a decision in the Federal Court. As usual, the devil is in the detail. At present, there is no global change granting Australian casual workers paid leave. The case however, highlights the long runni...
Read MoreThe ATO’s JobKeeper audit targets
Wednesday, June 10, 2020
The JobKeeper subsidy has progressed beyond the rush for eligibility and entered its second phase: compliance. Late last month, the Australian Taxation
Office (ATO) released guidance highlighting where the regulator will focus its compliance resources.
The JobKeeper estimates err...
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The JobKeeper subsidy has progressed beyond the rush for eligibility and entered its second phase: compliance. Late last month, the Australian Taxation Office (ATO) released guidance highlighting where the regulator will focus its compliance resources. The JobKeeper estimates err...
Read MoreWhat’s changing on 1 July?
Wednesday, June 10, 2020
Company tax rate reduces to 26% for base rate entities
$150k instant asset write-off scheduled to reduce back to $1,000 for small business entities and will no longer be available for entities with aggregated
annual turnover of $10m or more (an extension is still to be legislated...
Read More
Company tax rate reduces to 26% for base rate entities $150k instant asset write-off scheduled to reduce back to $1,000 for small business entities and will no longer be available for entities with aggregated annual turnover of $10m or more (an extension is still to be legislated...
Read More
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