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JobKeeper extension eligibility: Some assembly required

by John Jeffreys Tax & Super Australia (TSA) welcomes the JobKeeper extension rules released by the Treasurer and the ATO’s early guidance on the rules. However there will still be challenges for businesses and their accountants when trying to determine if their employees are eligible for the extension, and for which level of payment. In

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SG Amnesty could have boosted retirement savings for even more

by John Jeffreys Tax & Super Australia (TSA) believes the SG Amnesty would have likely returned even more retirement savings to Australians if it was extended to operate beyond the most intense period of the coronavirus pandemic. Assistant Minister for Superannuation Jane Hume has been reported in the media as saying the amnesty resulted in

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JobKeeper extension welcomed, but businesses face tougher eligibility

Businesses —including those in Melbourne lockdown areas — could face extra eligibility challenges Eligibility assessment – challenge for small business, tax agents and BAS agents Banks may be tested on small business loans 22 July 2020: Tax & Super Australia (TSA) has welcomed the Federal Government’s announcement today that the JobKeeper payment will be extended.

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Calls to extend lodgment further in face of workload tsunami

Nearly 90% of tax agents and accountants want the lodgment date for all 2018-19 tax returns to be extended to at least 30 June 2020, with more than a third saying COVID-19 has caused their workload to blow out by four weeks or more, according to a Tax & Super Australia (TSA) member survey. The

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JobKeeper rules welcomed but concerns remain for businesses that miss out

Tax & Super Australia (TSA) has welcomed the Treasurer’s release of the JobKeeper rules, but is concerned that the rules put some small businesses in the “blackhole” position of being ineligible for both the JobKeeper payments and the cash flow boost. TSA senior tax counsel John Jeffreys said small businesses in the “blackhole” are there

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TSA calls for SG amnesty to be extended as COVID-19 overwhelms employers

Tax & Super Australia (TSA) has called for the recently legislated Super Guarantee (SG) amnesty to be extended for at least a further six months to give employers whose businesses have been impacted by the COVID-19 pandemic time to re-group. “Time is already ticking down for employers, with the six-month amnesty period having started on

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More ATO communication needed to ease tax agent concerns over move to myGovID

Tax agents are worried that the Government’s new requirement to use mobile phones and devices as part of the authentication process to access ATO online services could jeopardise their clients’ sensitive financial and personal information. Many are also frustrated that the change means tax agents and their staff will have to rely on mobile phones

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