Updates to JobKeeper 2.0

Following on from our JobKeeper 2.0 blog on 30 July 2020, on 7 August 2020, the Treasurer announced further changes to increase access to the scheme during the proposed extension period (i.e. 28 September 2020 to 28 March 2021), driven by t…

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Lower minimum pension drawdown rates

On 22nd March 2020, the government announced a 50% reduction in the minimum income drawdown from account-based pensions and similar retirement products for the remainder of the 2019-20 and 2020-21 financial years.

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NSW small business cash grants

In these trying times, the NSW government is supporting small businesses in NSW with a couple of targeted grants, such as:

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Accounting Compliance: Tip lines, tax returns and STP

We always knew that a Government scheme swiftly distributing cash during a crisis was going to come with equally swift compliance and review measures, particularly when eligibility was self-assessed. Two major Australian Taxation Office (AT…

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The ATO’s JobKeeper audit targets

“…while it is all very well to talk of ‘turning points’, one can surely only recognise such moments in retrospect.” Kazuo Ishiguro, The Remains of the Day

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