This week the ATO will be sending reminders to employers that the superannuation guarantee amnesty ends on 7 September 2020.
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In NSW when you buy land, you pay duty. When you buy shares in a company or units in a trust, you can also pay duty at land rates where the company or trust is considered a ‘landholder’. The NSW Government has now made it more likely that the acquisition of shares or units will be subject to duty at land rates, and also made it easier for them to collect that duty.
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The Commonwealth government has recently introduced and announced some key changes to the COVID-19 stimulus measures.
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When preparing end of year trust distributions it is important to consider the impact of any foreign person exclusions in the trust deed. Failure to consider this and to get it right can result in the trust distribution being ineffective and the trust income being taxed to the trustee at 47%. But, the fix to the problem may be as simple as a deed amendment.
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Employers nationwide have welcomed the Fair Work Commission's first published decision involving a JobKeeper dispute, which found in favour of the employer.
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COVID-19 continues to wreak havoc on Australian businesses, with many struggling with how to navigate the ever-changing legal and regulatory landscape
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The Government and the ATO had been saying that JobKeeper was a "one in all in" system, and on Friday 1 May 2020 that effectively became law, with it becoming an offence for an employer that registered for the JobKeeper payments not notifying their eligible employees in writing.
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Its finally arrived! The ATO’s alternative decline in turnover test was released yesterday, 23 April 2020. We have all the answers here.
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Will you get $1,500 per fortnight for each employee under the Jobkeeper scheme? Which employees will it cover?
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