Capitaleyes Latest Accounting News

  The measures from 1st January 2021 apply to incorporated companies with liabilities less than $1 million.  
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  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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  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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  Help to keep up with the ATO.  
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  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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  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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  Data collected will be used to identify compliance issues in relation to JobMaker.  
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  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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  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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  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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  With JobKeeper ending in four weeks, small businesses have been urged to “act early” on exploring their insolvency options before the ATO moves on recouping debts.  
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  The ATO has maintained its good-faith approach to the accounting of cryptocurrencies, though it isn’t expected to last much longer, says a national tax and accounting network.  
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