The JobKeeper Extension Step by Step

The JobKeeper Extension Step by Step

The first tranche of JobKeeper ended on 27 September 2020. We look at the issues for those seeking to qualify for the second tranche of JobKeeper and for those no longer eligible. Wrapping up JobKeeper If your business is no longer eligible for JobKeeper payments,...

What is Division 7A about, basically?

What is Division 7A about, basically?

One of the high risk areas of tax and one that the Australian Taxation Office is continuing to monitor, is Division 7A. Division 7A is a section of the Tax Act that contains anti-avoidance provisions which are aimed at preventing private company owners and their...

COVID-19 corporate residency concession

COVID-19 corporate residency concession

The ATO announced an important tax residency concession for foreign incorporated companies during the COVID-19 crisis. Background On 24 March 2020, the government announced a ban on Australians travelling overseas, using powers given to it under the Biosecurity Act...