Court Decision Effecting Eligibility for JobKeeper and Cash Flow Boost.
A recent court decision may effect ‘business participants’ eligibility for JobKeeper and cash flow boost. Essentially the decision grants more time to prove eligibility of an ABN or to provide notice of assessable income or taxable supplies.
The Taxation Office will contact those where the discretion wasn’t granted.
Further information can be found at PS LA 2020/1
FBT Due Date
The lodgment and payment due date for fringe benefits tax (FBT) returns lodged electronically is now 25 June.
Missed, underpaid or paid super late?
If you missed the 28 April 2021 super guarantee due date or underpaid superannuation, a Superannuation guarantee charge statement needs to be lodged by 28 May 2021 to avoid penalties.
Speak with us to help you lodge this online.
Xero Update:
Users of Xero Accounting for iOS and Android can now split transactions between multiple account codes during bank reconciliation.
We can show you how this is done – contact us.