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The ATO’s JobKeeper Audit Targets

The JobKeeper subsidy has progressed beyond the rush for eligibility and entered its second phase: compliance. Late last month, the Australian Taxation Office (ATO) released guidance highlighting where the regulator will focus its compliance resources.…

“Beware” New Accounting Standards

The coming end of financial year reporting period will be the first period that many entities will be applying the new accounting standards in relation to revenue recognition and leases in their financial statements. These…

Laundry expenses hung out to dry

The ATO is airing the ‘dirty laundry’ on work-related clothing and laundry expenses warning that it is closely reviewing claims. “Last year around 6 million people claimed work-related clothing and laundry expenses, with total claims…

Single Touch Payroll Final Deadline

From 1 July 2019, single touch payroll – the direct reporting of salary and wages, PAYG withholding and superannuation contribution information to the ATO – will apply to all employers. What employers need to report…

Xero introduces two step authentication

If you’re a Xero user you may have noticed that Xero are now enforcing two step authentication (2SA) for all users. Whilst some may see this as an unnecessary change, it’s a change to support…

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