Client Information Bulletin | May 2021

Topics covered in this edition of our Client Information Bulletin are:

  • COVID-19 measures
    –  JobKeeper scheme
    –  JobMaker hiring credit scheme
    –  Stimulus vouchers: how to report this in your tax
    –  SME loan guarantee scheme
    –  Eligible loan uses
  • FBT issues
    –  New FBT thresholds and rates for 2021-22
    –  Living away from home allowances
    –  FBT exemptions
    –  FBT return
  • Do you use trading stock for private purposes?
  • Do you operate your business through a company or trust?
  • From the ATO
    –  Check your business’ PAYG
    –  STP reporting:  changes from 1 July 2021
    –  Bad debts
  • Other matters to consider
    –  Company tax rates
  • Key Tax Dates

Click here to DOWNLOAD CIB - October edition 2020Click here to DOWNLOAD CIB – May edition 2021