ATO guidance on small business tax concessions

The ATO has updated the following guidance on tax concessions for small businesses: Methods to determine if a business is a small business for the current income year Simplified trading stock rules for small businesses — overview of rules and estimating stock value Pay as you go (PAYG) instalments concessions Summary of concessions available to…

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Govt sets mandatory code for rent relief

Prime Minister Scott Morrison has revealed that he has reached an agreement on a mandatory code for the provision of rent relief by commercial landlords to tenants. On Tuesday, 7 April, Mr Morrison said the mandatory code agreed to with the national cabinet will be legislated and regulated as appropriate in each state and territory…

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Don’t risk sharing your MyGov password

On 4 December 2019 a case of fraud and theft was heard in Mt Druitt Magistrates Court NSW against an unregistered tax agent. The case highlights the risk of identity crime and the importance of not sharing your private myGov password information. Information obtained from the hearing of Benjamin Cox revealed that he had fraudulently…

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