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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