Be aware that AusIndustry and ATO are increasingly conducting reviews of the R&D offset claims. Ensure that you have claimed the right expenses. Ensure that you have kept proper records to meet the record-keeping requirements.
Super is a compulsory employer contribution to eligible employees calculated from the day they start work. Currently, you are required to pay a minimum of 9.5% of your employees’ ordinary time earnings into super. You must make the payments at least four times a year, by the quarterly due dates.
On 6 October the Treasurer delivered the Federal Budget, which will see big government spending on infrastructure, job creation, asset write-offs and personal tax cuts in the coming year as part of Australia’s economic recovery plan from the unprecedented impacts of COVID-19.
Jobkeeper New Eligibility Do you have: any new employees that started between 1 March 2020 and 1 July 2020; OR any regular casual employees reaching 12 months up to 1 July 2020? For Jobkeeper, the new 1 July 2020 eligibility test is set to capture a number of new employees, including those hired after 1 March 2020, and those who