Spittal & Associates

NEWS

Stay up to date with all the latest tax and business news with our monthly client newsletters. View previous client alerts below or ensure you’re in the know and subscribe to these newsletters by filling in the form at the bottom of this page.

Monthly Tax Update - December 2021

2ND DEC 2021

The December edition of the monthly tax update includes information on Super is now following new employees, ABN 'intent to cancel' program, 'Backpacker tax' may not apply to some backpackers, beware of scams, Managing business cash flow and Data-matching program: Services Australia benefits and entitlements. Please contact us if you wish to discuss how the points raised in this month’s monthly tax update specifically affect you.

Monthly Tax Update - November 2021

4TH NOV 2021

This month’s edition of the monthly tax update includes information on Preparing for the new Director ID regime, Varying PAYG instalments due to COVID-19, Permanent changes to AGMs and electronic communications, AUSTRAC transaction report information data-matching program, Government payments data-matching program. Please contact us if you wish to discuss how the points raised in this month’s monthly tax update specifically affect you.

Monthly Tax Update - October 2021

1ST OCT 2021

The October edition of the monthly tax update includes information on Extra super step when hiring new employees, ATO support for employers with expansion of STP, Reminder for first-time share investors to declare income, Documenting gifts or loans from related overseas entities, Additional ATO support during COVID-19, Paid Parental Leave changes support parents in lockdown, Reminder of SG obligations for September 2021 quarter. Please contact us if you wish to discuss how the points raised in this month’s monthly tax update specifically affect you.

Monthly Tax Update - September 2021

3RD SEP 2021

This month’s monthly tax update includes information on Extending administrative relief for companies to use technology, Expansion of support for SMEs to access funding, ATO warns property investors about common tax traps, Div.293 concessional contribution assessments have been issued, Travel allowances and 'LAFHAs' and Time running out to register for the JobMaker Hiring Credit. Please contact us if you wish to discuss how the points raised in this month’s monthly tax update specifically affect you.

Monthly Tax Update - August 2021

3RD AUG 2021

The August edition of the monthly tax update includes information on the reminder of superannuation caps indexation for 2022, Division 7A benchmark interest rate for 2022 remaining unchanged, changes to STP reporting from 1 July 2021, maximum contributions base for super guarantee, the ‘gigs up’ with a new sharing economy reporting regime, taxable Payments Annual Reports (‘TPARs’) due 28 August and new FBT retraining and reskilling exemption available. Please contact us if you wish to discuss how the points raised in this month’s monthly tax update specifically affect you.

Monthly Tax Update - July 2021

1ST JUL 2021

This month’s monthly tax update includes information on Super guarantee contribution due dare for June 2021 quarter, extension of time to make repayments on Division 7A loans, rent or lease payment changes due to COVID – 19; lost, damaged & destroyed tax records, introduction of SMSF rollover alerts, SMSF limited recourse borrowing arrangements interest rates and new ATO data matching programs. Please contact us if you wish to discuss how the points raised in this month’s monthly tax update specifically affect you.

Monthly Tax Update - June 2021

3RD JUN 2021

June’s monthly tax update includes information on Cryptocurrency under the microscope this tax time, Temporary reduction in pension minimum drawdown rates extended, Super Guarantee rate rising from 1 July 2021, ATO warns on ‘copy/pasting’ claims, Family assistance payments, Car parking threshold for 2022 FBT year, Luxury car tax thresholds and New ATO data-matching programs involving property Please contact us if you wish to discuss how the points raised in this month’s monthly tax update specifically affect you.

Monthly Tax Update - May 2021

6TH MAY 2021

This month’s monthly tax update includes information on the government proposal to modernise business communications, ATO keeping job keeper payment ‘Fair’, Independent review service for small businesses made permanent, ATO asks businesses to check if they are still using their ABNS, passenger movement data-matching program and super contribution caps will increase from July 2021. Please contact us if you wish to discuss how the points raised in this month’s monthly tax update specifically affect you.

Monthly Tax Update - April 2021

6TH APR 2021

April’s month’s monthly tax update includes information on JobKeeper coming to an end, backdated ABNs, the first criminal conviction for JobKeeper fraud, ATO’s taxable payments reporting system update, FBT rates and thresholds for the 2021/22 FBT year, a warning regarding new illegal retirement planning scheme and new succession planning guide for family businesses. Please contact us if you wish to discuss how the points raised in this month’s monthly tax update specifically affect you.