Latest News

Hot Issues
spacer
Tax Time Checklists - Individuals; Company; Trust; Partnership; and Super Funds
spacer
ATO zeroes in on work expenses, crypto investments
spacer
Forget the Tim Tams in your WFH claim, say ‘fun police’
spacer
Inflation will force a third of businesses to raise prices
spacer
State and Federal Disaster support --- June 2022
spacer
Year-end tax planning
spacer
World GDP Ranking (1960~2025)
spacer
100A ruling ‘turns tax avoidance logic on its head’
spacer
Be alert for phoenix activity, businesses told
spacer
Equifax signs data agreement with ATO
spacer
E-invoicing will reduce emissions, says PwC
spacer
Largest cities in the world 1500 to 2100
spacer
Last chance to claim the loss carry-back
spacer
Changes to recovery loan scheme for small and medium enterprises
spacer
About the cash flow forecasting template
spacer
Federal budget 2022: Winners and Losers
spacer
ATO puts 50,000 directors on notice.
spacer
FBT Reminder – Odometer Reading
spacer
Data matching program: government payments
spacer
Budget: Big wins for SMEs
spacer
Small businesses show sign of omicron rebound
spacer
Federal Budget 2022 - Overview
spacer
Federal Budget 2022 and YOU - Part 1
spacer
Federal Budget 2022 and YOU - Part 2
spacer
Budget at a Glance - Video
Article archive
spacer
Quarter 1 January - March 2022
spacer
Quarter 4 October - December 2021
spacer
Quarter 3 July - September 2021
spacer
Quarter 2 April - June 2021
spacer
Quarter 1 January - March 2021
spacer
Quarter 4 October - December 2020
spacer
Quarter 3 July - September 2020
spacer
Quarter 2 April - June 2020
spacer
Quarter 1 January - March 2020
spacer
Quarter 4 October - December 2019
spacer
Quarter 3 July - September 2019
spacer
Quarter 2 April - June 2019
spacer
Quarter 1 January - March 2019
spacer
Quarter 4 October - December 2018
spacer
Quarter 3 July - September 2018
spacer
Quarter 2 April - June 2018
spacer
Quarter 1 January - March 2018
spacer
Quarter 4 October - December 2017
spacer
Quarter 3 July - September 2017
spacer
Quarter 2 April - June 2017
spacer
Quarter 1 January - March 2017
spacer
Quarter 4 October - December 2016
spacer
Quarter 3 July - September 2016
spacer
Quarter 2 April - June 2016
spacer
Quarter 1 January - March 2016
spacer
Quarter 4 October - December 2015
spacer
Quarter 3 July - September 2015
spacer
Quarter 2 April - June 2015
spacer
Quarter 1 January - March 2015
spacer
Quarter 4 October - December 2014
Quarter 4 of, 2020 archive
spacer
2020 is coming to an end. Phew!!
spacer
Victorian State Budget Overview 2020 - 2021
spacer
Employee Christmas Parties and Gifts – Any FBT?
spacer
FBT – Christmas Parties and Taxi Fares
spacer
JobMaker hiring credit given green light despite ongoing concerns
spacer
Super, death, and taxes
spacer
ATO extends JobKeeper deadlines ahead of Christmas
spacer
Small-business coronavirus grants set to be income tax-free under new bill
spacer
How Australians are taking advantage of income tax cuts
spacer
Part 1 – Budget reminders. Under the Hood.
spacer
Part 2 – Budget reminders. Under the Hood.
spacer
Part 3 – Budget reminders. Under the Hood.
spacer
Comprehensive list of COVID-19 initiatives and packages.
spacer
Businesses not meeting obligations warned as ATO restarts compliance programs
spacer
Employers cautioned over ‘hard and fast’ decline in turnover eligibility
spacer
‘Follow the spirt of the law’, warns ATO
spacer
$120m in JobKeeper clawed back by ATO, new compliance areas highlighted
spacer
Budget 2020 - A very comprehensive break down.
spacer
Budget 2020 - Fact Sheets
spacer
Budget 2020 - At a Glance, Overview, Outlook
spacer
Temporary home office expenses shortcut extended again
spacer
JobKeeper extension – changes implemented
spacer
JobKeeper Participants – are “workers”
spacer
Commissioner registers updated JobKeeper alternative tests
spacer
Varying Pay As You Go (PAYG) Instalments
spacer
Reminder of Medicare Levy Surcharge (MLS)
JobKeeper Participants – are “workers”

 

Although JobKeeper has been in place for many months and is now scaling back, all eligible participants may not have enrolled. The program is targeted to workers in the broad sense.

 

 

An “eligible business participant” is an individual who’s not an employee of the business but is actively engaged (i.e. a worker).

The eligible business participant must be an individual, who could be:-

  • a sole trader,
  • a director of, or shareholder in a company,
  • a partner in a partnership, or
  • an adult beneficiary of a trust (but not a trustee)

They must be actively engaged in the business, - although recently this does not include providers of childcare.

Even if the business has several people who meet the criteria (e.g. two or three partners or directors), only one can be nominated as the participant.

Whilst there are now continuing reporting obligations, which means you may not always be a “worker”- even a few fortnights JobKeeper receipts can be significant – check your enrolment basis regularly.

 

AcctWeb

 

 

Liability limited by a Scheme approved under Professional Standards Legislation.
© O'Brien and Partners 2022 - All Rights Reserved | 91 Station Street, Malvern VIC 3144 | Tel: 03 9509 3911 | Fax: 03 9509 3922. Site by Acctweb