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$155m Claw Back in JobKeeper Over-Payments

Key Points The ATO aims to recover $155 million in JobKeeper payments, that were paid out to businesses that made...

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ATO Tax Dodge Red Flag – Luxury Cars

Key Points The ATO plans to continue to seek out tax dodgers and black economy participants driving luxury cars until...

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2021 Economic Recovery Initiatives from the Treasury

Key Points From 1 January 2021 a number of key Government led initiative will come into effect, lead by the...

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Carry Back COVID Losses for a Refundable Tax Offset

Key Points Companies with an aggregated turnover of less than $5 billion can choose to ‘carry back’ tax losses made...

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80¢ p/h Work-From-Home Deduction Method Extended

Key Points The 80¢ p/h Work-From-Home claim shortcut method has been extended until the 30th June 2021.The temporary shortcut method...

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JobMaker Hiring Credit Scheme Registrations Now Open

Key Points Registrations for the JobMaker Hiring Credit scheme are now openEligible employers can access $200 per week for each...

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Government Consultation Paper into e-invoicing Adoption

Key Points Treasury has recently released a Government Consultation Paper into e-invoicing adoption which includes plans to introduce a requirement...

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JobKeeper Extension 2 Starts Soon

Key Points The JobKeeper Payment scheme has been extended until 28 March 2021.Existing eligible employers must submit the new decline...

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STP Phase 2 due to commence in July 2021

Key Points STP Phase 2 is due to commence on 1 July 2021New reporting requirements will be built into payroll...

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Quarterly Instalment Notices Go Electronic

Key Points The ATO are no longer issuing paper activity statementsA single electronic lodgment will result in a change to...

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Thoughts From Our Principals

Mark Semmens

Mark is a Chartered Accountant with a wealth of experience in accounting and taxation. Mark is a Member of Chartered Accountants Australia and New Zealand, the Tax Practitioners Board and the National Tax and Accountants Association.

Mark's blogs
Daniela Semmens

Daniela Semmens is a Co-Director of Semmens & Co. and joined the company as General Manager in 2017. Daniela is an Affiliate Member of Chartered Accountants Australia and New Zealand and also a Member of the Australian Institute of Project Management.

Daniela's blogs

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For any enquiries into our team or our services please contact Semmens & Co. via email at info@semmensco.com.au or call us on 03 8320 0320

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