ATO Declares It Won’t Use e-Invoicing to Facilitate Tax Compliance
The Australian Tax Office (ATO) has announced that it has no plans to use e-invoicing as a way of facilitating tax compliance, despite fears that Australia may eventually move to emulate other countries by scrutinising e-invoicing data. The ATO has assured businesses that the Tax Office has not been granted the authority to view the […]
Government Announces New Support Measures For Victorians In Lockdown
On Thursday 15th July, Prime Minister Scott Morrison and Victorian Premier Daniel Andrews both came to an agreement to offer support to Victorian workers located in the latest covid-19 hotspots who will lose income due to the new restrictions. Victorian workers who have lost between eight and less than 20 hours of work will receive […]
Consumer Sentiment Plunges In NSW As It Remains Firm In The Rest Of Australia
Consumer concerns related to the NSW Government’s latest lockdown for Greater Sydney have yet to spill out into other states, in contrast to similar conditions seen under similar lockdown conditions in Victoria through August of 2020. The Westpac-Melbourne Institute Index of Consumer Sentiment rose by 1.5 percent to 108.8 in July, up from 107.2 in […]
NSW State Government Announces More Support To Help Businesses During Lockdown
The NSW Government has announced a major economic support package worth billions of dollars serving a purpose to help businesses and individuals right across the state who have been impacted by the latest covid-19 lockdown. Treasurer Dominic Perrottet said the NSW Government was offering support in as many areas as possible, with payroll tax cuts […]
Australia’s Major Banks Announce Loan Repayment Deferrals Amid New Covid Lockdown
Some of Australia’s major banks have announced new support measures to assist businesses and individuals who have been impacted by Sydney’s extended covid-19 enforced lockdown and other snap lockdowns and travel restrictions across the country. With fresh restrictions being tightened on what kind of shopping is deemed “essential” for the purposes of leaving home, more […]
Job Vacancies Across Australia Increase by 57 Percent
As various parts of Australia are impacted by new outbreaks of covid-19, the latest job vacancy figures published by the ABS illustrate that job vacancies have risen by 57 percent in May 2021 compared with the figures released in February 2020. One of the major reasons for these labour statistics is the fact that there […]
Australian Government Rejects Calls to Bring Back JobKeeper NSW Businesses in Lockdown
On Wednesday 7th July, the lockdown for the Greater Sydney Region was extended to a third week. As a result of the ongoing number of new covid cases in Sydney businesses have begun calling for the re-introduction of JobKeeper. The Treasury has responded to the requests by saying that workers in NSW who have been […]
Reasons Why 1st July Is Too Early to File Your Tax Return
Millions of Australians are feeling enthusiastic about receiving their annual tax refund, but filling your tax return on 1st July has the potential to land you in some serious trouble with the tax office. The lure of a $1080 tax cut, available to millions of Aussies this financial year, might entice you to do your […]
NSW State Government Announces Support Package for Small Businesses Impacted By New Lockdown
The New South Wales State Government has announced a new support package to assist small businesses with the economic impact caused by the recent two week lockdown. The package includes grants of between $5,000 and $10,000 for small businesses, payroll tax deferrals for all employers, and an extension of the Dine and Discover program to […]
The Popularity of Cryptocurrency In Australia Continues To Rise
A recently published survey revealed that risk is the biggest reason why Australians still lack confidence in cryptocurrency. 43 percent of Australians who responded to the survey said that the volatility of cryptocurrency was their biggest deterrent to buying it. This is a 14 percent increase on the same answer from a survey published in […]
