Spittal & Associates

August 2021

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.