Early tax time lodgers cautioned on COVID-19 variables Early tax time lodgers cautioned given they are chomping at the bit to lodge their tax returns. We are being urged to hold off for at least a few weeks as COVID-19 throws up new variables this tax time. Individual taxpayers are expected to rush in to […]
‘Everyone is now on notice’: ATO acquires COVID-19 data on 3m Aussies. The ATO is set to acquire the data of 3 million Australians from Services Australia as it doubles down on the COVID-19 compliance front. What does this mean? Last week, the ATO published a gazette notice informing that it would now acquire data […]
COVID-19 early release of super
Small and medium businesses will now be granted rental waivers and deferrals under a mandatory Code of Conduct unveiled by Prime Minister Scott Morris. Under the Code of Conduct, landlords will be required to reduce rent proportionate to the trading reduction in the tenant’s business caused by the coronavirus pandemic through a combination of waivers […]
If your financial situation has been impacted as a result of COVID-19, you may be able to access some of your super early. You don’t need to call the ATO. You can register your interest now via myGov and the Tax Office will be in contact once applications open on 20 April. To check if […]
In recent weeks the Government has made several announcements in relation to superannuation in response to the COVID-19 impact on Australians. Temporary early access to super While superannuation helps people save for retirement, the Government recognises that for those significantly financially affected by COVID-19, accessing some of their superannuation today may outweigh the benefits of […]
