Tax Time Monthly April

In this edition of Tax Time Monthly we include the key updates and findings from ATO that we think you should know about.

Income Tax

  1. It’s that time again… Fringe Benefits Tax 2021 including concessions made for COVID-19
  2. Tax treatment of government grants and payments during COVID-19
  3. No more JobKeeper, but are you eligible for JobMaker?
  4. Do you need to review your service trust arrangements in the light of PCG 2021/D2 regarding the allocation of professional firm profits?

Superannuation

  1. We explain the concessional and non-concessional contributions caps that are set to increase from 1 July 2021.

We’re ready to help. To discuss how these updates may impact you, please contact your Accounting Services Director or Manager on +61 3 9820 6400.