Business & Tax Accounting | Personal Income Tax Lodgement | Self Managed Super Funds


November 2020 Newsletter

The ATO has said that employers now need to make adjustments in their payroll processes and systems in order for the tax cuts to be reflected in employees’ take-home pay. Employers must make sure they are withholding the correct amount from salary or wages paid to employees for any pay runs processed in their system […]

October 2020 Newsletter

Broadly, JobKeeper Payments received by an employer are assessable income to the employer. Likewise, the payments an employer subsequently makes to an employee that are funded (in whole or in part by the JobKeeper Payment) are generally allowable deductions to the employer. The ATO has recently issued some guidance for employers in receipt of JobKeeper […]

JobKeeper 2.0 and 3.0 has been announced

JobKeeper 1.0 is coming to an end on the 27th September 2020.  Please note that employer obligations will change as of that date and your business is no longer obliged to pay the minimum gross JobKeeper amount of $1,500 per fortnight to eligible employees. Those businesses that are lucky enough to qualify for JobKeeper 2.0 […]

September 2020 Newsletter

Additional recently implemented JobKeeper changes mean more employees will qualify for JobKeeper payments from 3 August 2020. Importantly, as a result of these recent tweaks to the JobKeeper scheme, participating employers should have provided any new eligible employees with an employee nomination form.[…] CONTINUE READING

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