News Archive

In our last client update for the 2020-2021 financial year, we're exploring some upcoming changes to super and single touch payroll, the work-related expenses that the ATO has their eye on, and whether you need to pay tax on an insurance payout. We also touch on the issue of permanent establishment if your business has been caught by Australia's COVID border closures.

	Happy New Financial Year: What's changing? Superannuation and STP changes should be on your employer radar to ensure you're up-to-date with new measures starting on 1 July 2021.
	Work from home expenses under scrutiny The COVID pandemic resulted in many more Australians working from home throughout the tax year, however the ATO will scrutinise any work-related deductions that have not been reimbursed by an employer or your own business.
	Insurance payouts and the Tax Man Australia has had its fair share of disasters over the last few years – drought, bushfires and floods – that have ramped up the volume of insurance claims.
	COVID-19 and permanent establishments One of the features of Australia's response to the COVID pandemic was the closure of its borders – and that has raised some tax issues for foreign companies and permanent establishment.