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Your Knowledge June 2020 – The ATO’s JobKeeper audit targets
The Australian Government’s economic response to coronavirus
On 12 and 22 March 2020, the government announced measures to help the economy withstand and recover from the economic impact of COVID-19 (coronavirus). The following measures will be administered by the ATO. Legislative changes are required before these measures take...
read moreAustralian Government’s Economic Response to the Coronavirus
The Government is acting decisively in the national interest to support households and businesses and address the significant economic consequences of the Coronavirus. While the full economic effects from the virus remain uncertain, the outlook has deteriorated since...
read moreThe Australian Government’s Economic Response to Coronavirus
On 12 March 2020, the government announced a package of measures to help the economy withstand and recover from the economic impact of coronavirus. The following measures will be administered by the ATO. The government intends to introduce legislation in late March...
read moreSupport measures to assist those affected by COVID-19
The Australian Taxation Office (ATO) will implement a series of administrative measures to assist Australians experiencing financial difficulty as a result of the COVID-19 outbreak. Commissioner of Taxation Chris Jordan is encouraging businesses impacted by the...
read moreAccessing your payment summary
How you get your end of financial year information from your employer showing your earnings for the year (also known as a payment summary or income statement) depends on how your employer reports your income, tax and super information to us. You will be provided with...
read moreInstant asset write-off thresholds
Thinking of purchasing assets for your business? The instant asset write-off has changed. It’s been: • expanded to include more businesses • increased to $30,000 for each asset • extended until 30 June 2020 Please contact Arora Accounting Services your local North...
read moreAll You Need To Know About Paying Super Contributions
What are super contributions or superannuations? As a working individual, one of the most important things you need to do is build and plan your future securely. Super contributions or Superannuation is a government initiative that helps you do just that. Any...
read moreHow To Register Or Cancel PAYG Withholding
What is PAYG withholding? As an employer, it is an obligation to ensure that all payees associated with you meet their tax liabilities at the end of the year. In order to do this, PAYG (Pay As You Go) Withholding helps you withhold amounts throughout your year from...
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