Employee COVID-19 tests now tax deductible
From 1 July 2021, employees can claim a tax deduction for COVID-19 tests that are purchased for work purposes. Find out more about the record-keeping requirements to claim the expense.
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Lodgement reminder for CCS and FTB recipients
Child Care Subsidy (CCS) and Family Tax Benefit (FTB) recipients and their partners must lodge their outstanding 2021 tax returns by 30 June 2022 to avoid losing their benefits.
Directors must now apply for their Director ID prior to being appointed
As of 5 April 2022, new directors must apply for their director ID before they’re appointed.
Director ID for SMSFs: your questions answered
If you’re a corporate trustee of a self-managed super fund (SMSF), you can now apply for your director ID. You can apply via Australian Business Registry Services (ABRS) online.
Phone and email scams – superannuation alert
The ATO has raised its concerns about the increase in scams involving fake superannuation investments targeting SMSFs.
ATO extends COVID-19 relief for SMSF trustees
The ATO has announced that COVID-19 relief for SMSF trustees is being extended to the 2021-22 financial year.
Keeping your super safe
Keeping your super safe? The ATO reports an increase in the number of Australians being targeted by scams and falling victim to identity theft, leading to stolen super.
Super choice rules change from 1 November
Employers may have an extra ‘stapled super fund’ step to take with new employees who start from 1 November 2021 that don’t choose a super fund.