Capitaleyes Latest Accounting News

Taxpayers urged to keep work-from-home records

  Moore Australia has called for taxpayers to keep a diligent log of the hours worked from home this financial year as tax time looms.  
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Businesses feeling ‘adverse’ impacts of COVID-safe measures: ABS

  While less than two out of 10 businesses are recording a dip in revenue, nearly two-thirds of them are still feeling the impact of COVID-safe controls, according to new data from the Australian Bureau of Statistics.  
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New insolvency rules commence

  The measures from 1st January 2021 apply to incorporated companies with liabilities less than $1 million.  
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ATO promises not to ‘destroy’ businesses as it resumes debt collection

  Businesses struggling with tax debts have been urged to re-engage with the ATO as it pledges not to “destroy the very thing that [it has] been trying to support” throughout the pandemic.  
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A broad range of Calculators – Resources

  These calculators, along with videos that explain accounting ideas, latest news articles, an easy to use file transfer system, and a portfolio management portal make our website a great place to keep up-to-date and obtain help on many of your financial questions. *  
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ATO Small Business Newsroom – April

  Help to keep up with the ATO.  
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JobMaker Hiring Credit rules and reporting

  In the next few months, businesses that are seeking to employ additional workers but still need a bit of help can now apply for the JobMaker Hiring Credit Scheme.   
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ATO chases $172bn in undeclared contractor income

  The ATO has warned businesses to come clean on $172 billion worth of payments to contractors as it cracks down on non-compliance with the taxable payments reporting system.  
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ATO data-matching: JobMaker

  Data collected will be used to identify compliance issues in relation to JobMaker.  
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Small businesses: don’t forget your FBT concessions

  If you own a small business still recovering from the COVID-19 induced downturn, remember that you can take advantage of FBT concessions to lower the amount of FBT you may need to pay.   
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‘Penalties will resume’: ATO flips the switch on debt recovery

  Taxpayers falling behind on tax debts and lodgement obligations can soon expect contact from the ATO as it confirms the resumption of its compliance activities in the wake of JobKeeper ending.  
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Country GDP 1800 to 2040

  The information in this chart is fascinating from both an historical perspective as well as what it predicts.  It also guarantees you'll be the BBQ expert every time.  
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Capitaleyes
Phone: 02 9568 5555
3/471-473 Marrickville Rd
Dulwich Hill NSW 2203
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