The Federal Government has announced (as part of its Coronavirus Stimulus Package) the introduction of a new JobKeeper Payment to assist eligible employers (and self-employed individuals) who have been impacted by the Coronavirus pandemic to continue to pay their workers.
On 21 July 2020, the Government announced that the JobKeeper Payment (‘JKP’) would be extended until 28 March 2021 (i.e., for a further six months beyond its original end date of 27 September 2020).
If you haven’t paid the right amount of super guarantee (SG) to your workers, the SG amnesty is the time to come forward. If you disclose your SG shortfalls during the amnesty, you can rectify past unpaid SG without incurring charges or penalties.
Obviously there has been fear and uncertainty on the economic front, and the government has appeared to get on the front foot and prime the pump to stimulate the economy.
The NSW Government announced today a major new grants package to assist small businesses and people across NSW impacted by the current COVID-19 restrictions.
Have a look at this brochure from the ATO regarding SuperStream in order to make sure you and your business are compliant.
Have a look at this link to the ATO website which explains what to do in the case of a lost or stolen tax file number.
From 01 July 2015 ALL employers must send their contribution data and payments in an electronic format. It is expected that by 30 June 2016 all employers have finished implementing this system.
