As JobKeeper and other government stimulus measures wind down, the ATO is refocussing on Director Penalty Notices.
Director’s beware – ATO Director Penalty Notices

As JobKeeper and other government stimulus measures wind down, the ATO is refocussing on Director Penalty Notices.
Treasury has released a consultation paper that outlines a proposal to increase the annual revenue thresholds that determine the financial reporting requirements for charities registered with the ACNC. Charities and other interested stakeholders are encouraged to have their say.
Further to the NSW State budget in November, applications for the Jobs Plus Program are now open.
The 2020-21 Queensland State Budget centred around the Government’s Economic Recovery Plan which contains new initiatives totalling $7 billion.
From 4 January 2021, businesses and not-for-profits should reassess their turnover to be eligible for the JobKeeper Payment.
Our summary of the tax incentives that were included in the 2020-21 Victorian State Budget. The Budget was handed down in Parliament on 24 November 2020.
The NSW Treasurer handed down the State 2020-21 Budget last night, 17 November 2020. This year’s Budget strives to stimulate the industries impacted by COVID-19, with a focus on the hospitality industry.
ASIC announced that it will extend financial reporting deadlines for both listed and unlisted entities that lodge financial reports under Chapters 2M and 7 of the Corporations Act by one month.
The Government’s Budget announcement of a generous temporary measure that extends the current instant asset write-off concessions was passed into law on 14 October 2020.
The Federal Government in its 2020-21 Federal Budget announced the temporary loss carry back measure that will be available to eligible corporate tax entities to assist them with cash flow by generating a tax refund.