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Category Archive - Personal Tax

Commercial Tenancy Relief

written by:
Josh McMullen


Over the weekend, National Cabinet agreed to a moratorium on evictions for the next six months for commercial and residential tenants in financial distress who are unable to meet their commitments due to the impact of Coronavirus.  With regards commercial tenancy arrangements, the government is encouraging tenants, landlords and financial institutions to sit down together (subject to social distancing guidelines) to find a way through to ensure that businesses can…

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Further Coronavirus Support Packages

written by:
Josh McMullen


In response to the escalating Coronavirus crisis, the Government yesterday announced a raft of further measures to assist businesses and individuals. These measures are all subject to the passage of legislation through Parliament. Firstly, the Government last week announced a range of measures that it and the banks are putting in place to support businesses over the coming months. Loan Repayment Relief Banks will defer loan repayments for six months…

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Coronavirus Stimulus Package

written by:
Josh McMullen


In response to the economic fallout from the Coronavirus, the Government has announced a range of measures to assist business and individuals.  These measures are all subject to the passage of legislation through Parliament. Business Investment $700 million to increase the instant asset write off threshold from $30,000 to $150,000 and expand access to include businesses with aggregated annual turnover of less than $500 million (up from $50 million) until…

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Changes to How You Access the ATO’s Online Services

written by:
Darren Hagarty


After Friday 27 March 2020, you or your business will no longer be able to use AUSkey or Manage ABN Connections to access the ATO’s online services such as the Business Portal. These technologies are being replaced by myGovID and Relationship Authorisation Manager (RAM). myGovID is the Australian Government’s digital identity provider that allows you to prove who you are online. It is different to your myGov account. Relationship Authorisation Manager (RAM) is an…

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Be Aware of Scammers Impersonating the ATO

written by:
Darren Hagarty


Many Australians believe they would never fall victim to a scam and could confidently spot one or know what to do if they were targeted. However, scammers are becoming more sophisticated in their attempts to trick people into paying money or providing personal information. We are seeing an increasing incidence of scammers purporting to be from the ATO. In the wake of Scams Awareness Week (12–16 August), please know that…

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Accommodation Sharing and Tax

written by:
Josh McMullen


The sharing economy provides a great opportunity for individuals with spare rooms or spare entire properties to rent out space and earn rental income using facilitators such as Airbnb. Indeed, in 2017, approximately 2.1 million individuals reported rental income of $42 billion. This comes as the ATO announces a new data-matching program specifically targeting around 190,000 taxpayers receiving income from short-term rentals. The ATO said it would examine the information…

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