Despite the current economic environment, the company tax rate will reduce to 26% for small and medium businesses from 1 July 2020.

Financial Accounting, TaxationJPR BUSINESS GROUP1 June 2020company tax, business, ATO, small business, medium business

What is happening with casual workers and annual leave?

News headlines recently stated that casual workers have won the right to paid leave following a decision in the Federal Court. As usual, the devil is in the detail.

At present, there is no global change granting Australian casual workers paid leave. The case however, highlights the long running problem of determining over time, who is a permanent staff member and entitled to paid leave and other benefits, and who is a casual worker entitled to a casual loading.

Business Development, Financial Accounting, TaxationJPR BUSINESS GROUP1 June 2020business, small business, employment law, employment, fairwork commission

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.

Financial Accounting, TaxationJPR BUSINESS GROUP1 June 2020jobkeeper payment, JobKeeper, Taxation, business, small business

What's changing on 1 July

As we approach the end of the financial year, we thought we'd update you on what's changing from 1 July 2020

Financial Accounting, Superannuation, TaxationJPR BUSINESS GROUP1 June 2020end of financial year, new financial year, ATO, instant tax write-off, superannuation