The NSW Government is introducing a land tax discount for new build-to-rent housing projects until 2040 and a new Housing Diversity SEPP to provide more housing options, greater surety for renters, boost construction and support jobs during the COVID-19 recovery. The Treasurer has now released the guidelines for the land tax reduction… Read More »Land Tax – Build to Rent
You must appoint an approved SMSF auditor to audit your fund each year, not later than 45 days before you need to lodge your SMSF annual return (SAR). The auditor examines your fund’s financial statements and assesses your fund’s compliance with super law. Your SMSF auditor must be: registered with ASICExternal Link –… Read More »Appoint an SMSF auditor
You and your employer clients should be reporting through Single Touch Payroll (STP), unless they only have closely held payees, or there is another deferral or exemption. Changes to STP reporting on 30 June 2021 may affect how you or your clients report to us. From 1 July 2021: employers… Read More »Changes to STP reporting from 30 June
Receive up to $10,400 over a year for each new employee Eligible employers could receive payments of up to $10,400 over a year for each eligible additional employee they hire as part of the Government’s JobMaker Hiring Credit scheme. Young people have been disproportionally affected by COVID-19. The JobMaker Hiring… Read More »JobMaker Hiring Credit
The Australian Taxation Office (ATO) and its co-plaintiffs have settled their proceedings in the Federal Court of Australia (No’s NSD1600 of 2015 and NSD711 of 2020) with the last remaining defendant, Israel Discount Bank Limited (IDB). In the proceedings the plaintiffs – the ATO, corporations associated with the Binetter family… Read More »ATO settles case against Israel Discount Bank