ATO Small Business Newsroom

  Help to keep up with the ATO.           Visiting the ATO's website can be daunting but here is a page that links to information important to small businesses everywhere.  For example: Schemes such as Jobkeeper, tips on...
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What’s Happening to Small Business Loans in Australia?

  Will 2020 Crisis Continue in 2021?  2020 was hard on small businesses worldwide.           Australia fared better than many countries. However, the damage to SMEs was huge and many of them closed with many more at risk of doing so i...
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ATO tipped to pounce once JobKeeper ends

  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.           “While the ATO has been very quiet for almost 12 months, tha...
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Cost of retirement up in December quarter

  The cost of retirement for Australians has gone up, with the increases in health insurance and domestic holiday prices, according to the Association of Superannuation Funds of Australia’s (ASFA) latest figures.           The cost of r...
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Contributing to Superannuation

  Superannuation remains the best available form of an individual retirement savings plan, in spite of continuing government changes.           Superannuation retains its favored position mainly due to tax concessions allowed by the...
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ATO opens claims for first JobMaker quarter

  The first claim period for the JobMaker Hiring Credit scheme is now underway, with the ATO reminding employers that they could receive up to $10,400 for each eligible employee hired.           Employers who hired new eligible workers ...
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$36bn withdrawn from super during COVID-19

  The latest report from the Australian Prudential Regulation Authority (APRA) has revealed that workers withdrew more than $36 billion from retirement funds through the early release of super.           The new data revealed that a tot...
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Industry pressure forces ATO’s hand on STP deadline

  The Tax Office has agreed to push back the start date for the second phase of Single Touch Payroll after intense pressure from all corners of the profession.           A legislative instrument issued by the ATO on Wednesday has confir...
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